Budget 2019 provided the federal government with an opportunity to address some of the issues that have been affecting the Canadian economy, as of late, by introducing policy and spending plans that might help improve the competitiveness of Canadian businesses.
On March 19, 2019, Finance Minister Bill Morneau presented the government’s 2019-2020 federal budget. This tax alert provides a summary of the tax measures proposed in the budget.
Entrepreneurs are driven by both passion and profit. The decision to start a business involves a cost benefit analysis – while entrepreneurship carries significant risk, the rewards can be great. Having a great idea is not enough.
On April 16, 2019, Finance Minister Tom Osborne tabled Newfoundland and Labrador’s 2019-20 budget.
On April 11, 2019, Finance Minister Vic Fedeli tabled Ontario’s 2019-20 budget. This is the first budget for the Progressive Conservative government of Ontario The Ontariogovernment is projecting deficits until the 2023-24 fiscal year, when a small surplus is projected.
On March 26, 2019, Finance Minister Karen Caseytabled Nova Scotia’s2019-20 budget. Budget 2019 is the fourth consecutive balanced budget presented by Nova Scotia’s Liberal government, with an estimated surplus of $33.6 million. Budget 2019 includes no significant tax changes
On March 21, 2019 Finance Minister Éric Girard tabled Quebec’s 2019-20 budget. The aim of the first CAQ government budget is to invest now to control our future.
On March 20, 2019, Finance Minister Donna Harpauer tabled Saskatchewan’s 2019-20 budget. The government forecasts strong revenue growth in 2019-20 with a projected increase of $782 million, or 5.5% from last year.
On March 19, 2019, Finance Minister Ernie L.Steevestabled New Brunswick’s2019-20 budget. The budget projects a $23.1 million surplus in 2019-20 and sees the province’s net debt decrease for the first time in 13 years.
On March 7, 2019, Finance Minister Scott Fielding tabled Manitoba’s 2019-20 budget.
On February 19, 2019, Finance Minister Carole James tabled British Columbia’s 2019-20 budget. This budget sees the province experiencing strong economic growth (the strongest in the country at 2.7%) and making significant investments in various social and economic areas.
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.
