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Planning an exit strategy
An exit strategy is an important business strategy. Whether you're passing your business down to the next generation or navigating a robust M&A market, we can help turn your passion and commitment into profit.
Industries at a crossroad
How can car dealerships adapt to changing customer demands?
Consumer behaviour driven by evolving technology is changing fast in the automotive industry. Our new series shares insights to help your business stay ahead.
Cloud Accounting Home
Cloud accounting
Revolving door? Tips to help you deal with a labour shortage
Labour shortages may be the norm, but there are ways to remain competitive. Solve your staffing crunch by incorporating these strategies into your growth plan.
Environmental, social, and governance (ESG) and sustainability Home
IFRS
International Sustainability Standards Board confirms effective date of new Standards
The ISSB expects to release its first two standards in June 2023 with effective periods beginning Jan. 1, 2024
Agriculture Home
ASPE Sec. 3041 Agriculture
Understanding and applying the new ASPE Section 3041 Agriculture
The Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.
Cannabis Home
ASPE Sec. 3041 Agriculture
Understanding and applying the new ASPE Section 3041 Agriculture
The Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.
Professional services Home
Charities & not-for-profit
Improving financial health with reserves planning
Reserve funds offer charities and not-forprofit organizations important benefits—
from funding new strategic directions to avoiding undesirable cost reduction measures—but setting them up is not without its challenges.

On April 7, 2022, Finance Minister Siobhán Coady tabled Newfoundland and Labrador’s 2022-23 budget (NL Budget 2022).
The budget’s estimates show that the province projects a deficit of $400 million for the 2021-22 fiscal year, compared to a $826 million deficit projected for the same fiscal year in the previous budget.
The government anticipates balancing the budget by 2026-27.
Projections for the next five fiscal years are as follows:
Year | Projected surplus/ (deficit) |
2022-23 | ($351 million) |
2023-24 | ($309 million) |
2024-25 | ($270 million) |
2025-26 | ($74 million) |
2026-27 | $82 million |
2022 Newfoundland and Labrador budget summary
Read the full Newfoundland and Labrador budget summary
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.
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