Chinese-owned telecommunications companies Huawei and ZTE Corporation may have their products and services banned for use in Canada following a security review, the federal government has announced.
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Canada’s 2022 budget contains some significant tax changes that will affect Canadian businesses. The carbon capture Investment Tax Credit first introduced in 2021 has been reintroduced; banks and insurers will see their taxes increase; and the General Anti-avoidance Rule (GAAR) will be revisited, with legislative proposals to be tabled by the end of the year.