Canadian Budget Commentary
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The Federal Budget was tabled on March 19, 2019
Incentives targeting innovation are welcomed, but tax measures to address global competitiveness fall short of middle market companies’ expectations
“Canadian middle market companies were hoping that Budget 2019 would have meaningful measures to support growth and global competitiveness,” said Maria Severino, national tax leader, RSM Canada. “Although Finance included some positive, targeted tax measures to support Canadian businesses, it deferred introducing any broad-based changes that could enhance competitiveness and reduce uncertainty.”
Insights and tax alerts
This year’s federal budget had a number of elements dedicated to affordability and availability in Canada’s real estate sector.
On April 11, Ontario’s Finance Minister delivered the 2019 Budget, which does not include changes to personal or corporate income tax rates.
Private company owners can be impacted by the Budget proposals depending on the size of their investment portfolio and investment profile.
This year’s Federal Budget introduced a few noteworthy items applicable to companies in the professional services industry.
Join our tax professionals on March 27, 2019 for a comprehensive webcast on the specific Federal Budget outcomes.
Through its Federal Budget, the government committed new spending to Indigenous communities to help close the socioeconomic gap in Canada.
The 2019 Federal Budget allocated significant resources towards infrastructure development in Canada through the gas tax fund.
Senior tax managers Bhavin Oza and Mariya Honcharova joined our partners this year for their journey to Parliament Hill in Ottawa.
The 2019 Federal Budget proposes measures to foster innovation, but uncertainty for middle market remains amid global economic pressures.
Welcomed incentives targeting innovation, but measures to address global competitiveness fall short of middle market companies’ expectations
Select 2018 coverage
The Canadian federal government announced measures in its Fall Economic Statement aimed directly at addressing Canada’s competitiveness.
All provinces and territories have tabled their 2018 budgets. Read RSM Canada's summary of significant tax changes for each.
RSM Canada analysis: 2018 Federal Budget tightens existing tax measures & focuses on growth, innovation and equality of opportunity