Canadian Tax

2019 Federal Budget – “Investing in the Middle Class”

Derek Wagar • March 20, 2019 Derek WagarOn March 19, 2019, the Honourable Bill Morneau, Minister of Finance, released the 2019 federal budget, “Investing in the Middle Class”. The budget forecasts a $14.9 billion deficit for fiscal 2018-19, a $19.8 billion deficit for 2019-20, and a $19.7 billion deficit for fiscal 2020-21. Although the government does not forecast a balanced budget, ... Read More

2019 Federal Budget – Personal Tax Measures

Derek Wagar • March 20, 2019 Derek WagarThe Liberal government’s 2019 federal budget, tabled on March 19th, proposes a few personal tax measures that may impact certain taxpayers. Here are some of the most relevant measures to note. Canada Training Credit The 2019 budget introduces a new refundable Canada Training Credit (CTC), intended to provide financial support for professional dev ... Read More

2019 Federal Budget – SR&ED Tax Credit and CCA Deduction

Derek Wagar • March 20, 2019 Derek WagarOn March 19th, Finance Minister Bill Morneau tabled the Liberal government’s 2019 federal budget. The following is a summary of the proposed changes to the SR&ED tax incentive, and the enhanced CCA deduction.  Scientific Research & Experimental Development Under the current Scientific Research & Experimental Development (SR&ED) i ... Read More

2019 Federal Budget – Changes Affecting New Home Buyers

Derek Wagar • March 20, 2019 Derek WagarThe 2019 federal budget was tabled on March 19, 2019, by Liberal Finance Minister Bill Morneau. The following is a summary of the budget’s proposed changes affecting new home buyers. The Home Buyer’s Plan (“HBP”) allows first-time home buyers to withdraw amounts from their Registered Retirement Savings Plan to help with costs associated wit ... Read More

2019 Federal Budget – Stock Option Changes

Derek Wagar • March 20, 2019 Derek WagarOn March 19, 2019, Liberal Finance Minister Bill Morneau tabled his fourth and final federal budget, leading up to the election in October. The following is a summary of the budget’s proposed changes to employee stock options. Employee stock options are an attractive, alternative form of compensation for start-ups and large, mature companies. Thr ... Read More