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ARTICLE · 19 MARCH 2019

2019 Federal Budget: Tax Highlights

Davies Ward Phillips & Vineberg LLP
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Budget 2019 is the last federal budget of the current Liberal government before the upcoming federal election in October 2019.

CanadaTax
Brian Bloom
Brian Bloom
Marie-Emmanuelle Vaillancourt
Marie-Emmanuelle Vaillancourt
Elie Roth
Elie Roth
Michael Kandev
Michael Kandev
Paul Lamarre
Paul Lamarre
Christopher Anderson
Christopher Anderson
John Lennard
John Lennard
Sharon Ford
Sharon Ford
Ryan Abrahamson
Ryan Abrahamson
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Budget 2019 is the last federal budget of the current Liberal government before the upcoming federal election in October 2019. Tax-related measures are intended to advance the government's stated priority of creating a fair tax system. Proposals include changes to the employee stock option rules, rules affecting allocations by mutual fund trusts, new limitations on character conversion transactions and technical amendments to certain international tax rules that, among other things, expand the application of the foreign affiliate dumping rules and modify the application of the transfer pricing rules.

The principal tax changes announced in Budget 2019 of interest to the business community are summarized below.

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