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Métis Nation Saskatchewan Business Magazine | Sask Métis News | Métis Nation Entrepreneurs

Federal budget set to include surtax on big banks’ pandemic profits


Entrepreneurs

Federal budget set to include surtax on big banks’ pandemic profits

Thursday’s federal budget will include a surtax on financial institutions that have made huge profits during the pandemic, CTV News has learned. In being asked to share their wealth, the big chartered banks and major insurance companies are bracing for the new targeted measure that is expected to increase their corporate income taxes. How much more they will have to pay, is set to be detailed in the budget.

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