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ARTICLE · 29 MARCH 2019

2019 Federal Budget – Spend, Spend, Spend, With No Real Competitiveness Measures

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Well, the 2019 Federal Budget was released today. Overall, outside of a couple of surprises, the tax content was almost not newsworthy.

CanadaTax
Kim Moody
Kim Moody
Kenneth Keung
Kenneth Keung
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Well, the 2019 Federal Budget was released today. Overall, outside of a couple of surprises, the tax content was almost not newsworthy. This summary discusses the tax content of the Budget that we believe is relevant to our clients and friends. For people that do not have the patience to wade through our entire blog, the following is an executive summary:

  1. No Tax Rate Reductions – the 2019 Federal Budget contained no personal or corporate tax rate reductions.
  2. No Commitment to Comprehensive Tax Review/Reform – notwithstanding numerous people and bodies calling on the government to engage in comprehensive tax review/reform, the Budget documents do not contain any plan to carry out such an exercise. Disappointing but not surprising.

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