2023 Federal Budget Highlights

The budget expects a deficit of $43 billion for 2022-23 and forecasts deficits of $40.1 billion for 2023-24, and $35 billion for 2024-25. Although the budget does not change the federal personal or corporate tax rates, it does make new changes to broaden the Alternative Minimum Tax (AMT) by disallowing certain deductions and increasing the […]