Tax Alert - 2019 Federal Budget Commentary

March 20, 2019

Finance Minister Bill Morneau released Budget 2019 on March 19, 2019. In brief, the 2019 Budget includes $22.8 billion in new spending over the next five years. The government expects revenues to steadily increase by nearly $60 billion in 2023 and projects program spending to increase by $40 billion that year. Debt payments are projected to increase by $7 billion.

We are pleased to provide you with Commentary on the Canada Federal Budget that includes information on

Business Income Tax Measures
Personal Measures
Pension Plans
International Tax Measures
Sales Tax and Excise Tax Measures
Administrative Matters
Previously Announced Income Tax Measures

In addition to these measures, Budget 2019 also included $3.9 billion for an income-protection program for the dairy, poultry and egg producers affected by the recent ratifications of CanadaEuropean Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Up to $2.15 billion in direct compensation for Canadian egg, dairy and poultry farmers. The funding is in addition to the $250 million in innovation funding already invested in the dairy sector for concessions made under CETA $1.5 billion has been earmarked for a Quota Value Guarantee Program designed to protect against reduction in quota value when the quota is sold. The program will be demand-driven. Budget documents offer no further details or timelines for these funds. It also notes that through 2019, the Government will continue to work in partnership with supply management stakeholders to address the impacts on processing, as well as potential future impacts of the Canada-United States-Mexico Agreement.

Ward & Uptigrove will continue to monitor and inform our clients on the Budget's related impacts.

< Older Post

Newer Post >

Southwestern Ontario's Top Employers Award

Southwestern Ontario's Top Employer Award Winner

February 5, 2025

We are th rilled to announce Ward & Uptigrove was selected as a recipient of the Southwestern Ontario's Top Employers Award for 2025. The award is based on the following criteria: 1. Workplace, 2. Work Atmosphere and Social, 3. Health, Financial and Family Benefits, 4. Vacation and Time-Off, 5. Employee Communications, 6. Performance Management, 7. Training and Skills Development, 8. and Community Involvement! Here are some of the reasons why Ward & Uptigrove was selected as one of Southwestern Ontario's Top Employers (2025): Ward & Uptigrove increased its full-time workforce in Canada by over 13 per cent in the past year and lets everyone benefit in the company's success with profit-sharing -- the company also offers generous referral bonuses of up to $5,000 per successful candidate as an incentive for employees to recruit friends Ward & Uptigrove hosts three major social events each year, giving employees the opportunity to unwind and connect with food, beverage and entertainment covered by the firm's partners -- events include a post-tax season party (employees plus a guest), a fall golf tournament, and an annual holiday celebration Ward & Uptigrove matches employee donations in kind, and encourages them to lend a helping hand in the community with a paid day off to volunteer Emily MacRobbie, human resources manager at Ward & Uptigrove, says clients appreciate the close connections and sense of care their small-town environment fosters. “We’re big enough to attract and retain some of the best and brightest minds in the industry, while simultaneously being small enough that staff and clients are known on a more personal level,” says MacRobbie. “Employees really appreciate the flexibility the firm offers, such as work location (in office or hybrid) and hours of work arrangements. We keep a pulse on what’s happening and make sure we remain competitive with things like paid time off and flexible health benefits.” To learn more about career opportunities at Ward & Uptigrove visit www.wardanduptigrove.com/careers