Insights

Budget 2019 sees the federal government providing its last budgetary update prior to the 2019 election. This timing provides the government with an opportunity to set priorities and potentially push through any remaining policy changes from its current mandate.

On October 24, Finance Minister Bill Morneau tabled the 2017 Fall Economic Statement. In the statement, the government reiterated its continuing focus to invest in the economy so that it works for the middle class and those working to join it.

The federal government announced a number of changes in response to the public backlash received since they released their tax proposals affecting private companies on July 18, 2017.

Department of Finance released draft legislation which could cause distributions from certain limited partnerships to general partners to now be subject to GST/HST.

There are potentially serious unforeseen consequences and to help illustrate this point of view, we’ve put together a few examples.