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ARTICLE · 21 MARCH 2019

Budget 2019: A Pre-Election Goodie Bag

The 2019 Federal Budget (Budget 2019), released on March 19, 2019 (Budget Day), was expected to provide a slew of goodies in advance of this year's election, and did not disappoint.

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The 2019 Federal Budget (Budget 2019), released on March 19, 2019 (Budget Day), was expected to provide a slew of goodies in advance of this year's election, and did not disappoint. While the business and international tax measures addressed some so-called loopholes, the focus was clearly on providing targeted incentives to individuals, most notably with the expanded Home Buyers' Plan and the new Canada Training Credit.

Budget 2019 did not include any personal or corporate tax rate changes but it did include several measures affecting corporate and personal taxpayers. Among other notable changes, Budget 2019 announces a $200,000 annual cap on employee stock option grants that may receive capital gains-like treatment, noting that this is more in line with the tax treatment in the United States. While Budget 2019 indicates that the cap will apply to employees of "large, long-established, mature firms" and employee stock option benefits would remain uncapped for

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