Canada’s 2021 budget: Impact on the consumer products industry
Minister of Finance Chrystia Freeland tabled Canada’s Federal Budget on April 19, 2021. It featured significant stimulus spending aimed at bolstering Canada’s economic growth following the COVID-19 pandemic. In particular, the government announced critical measures to help businesses operating in the consumer products industry.
This articles summarizes the various measures announced in the budget that consumer products businesses should leverage. For more details on the measures mentioned below as well as other tax measures, please reference the 2021 Canada Federal Budget: Detailed Commentary article.
KEY TAKEAWAY
The consumer products sector is undergoing significant changes, from rapidly changing consumer preferences to continued changes in technology and innovation. The budget proposed numerous key measures for the consumer products sector that businesses should consider in the context of their shifting business environments.
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Source: RSM Canada LLP
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Canada’s 2021 budget: Impact on the consumer products industry (rsmcanada.com)
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