On March 19, 2019, the Canadian government released its 2019
Federal Budget: Investing in the Middle Class (the "2019
Budget"). There are a number of provisions related to pensions
and benefits in the 2019 Budget. In this post, we highlight some of
those provisions.
A Secure and Dignified Retirement for Canadians
Following on the theme of "Protecting Canadians'
Pensions" in the
2018 federal budget, the federal government proposed a number
of initiatives in the 2019 Budget aimed at "A Secure and
Dignified Retirement for Canadians," including:
- Enhancing the Guaranteed Income
Supplement ("GIS") earnings exemption beginning with the
July 2020-21 benefit year to, among other things, extend
eligibility for the earnings exemption to self-employment income
and to provide a full or partial exemption on up to $15,000 of
annual employment and self-employment income for each GIS or
allowance recipient as well as their spouse.
