The 2019 Federal Budget is approaching. Every year, the date of the Budget is kept nearly as secret as the contents of the Budget itself. Usually, after weeks of rumours and speculation, the government announces the official date a week or two in advance.
A recent article by Reuters revealed that the Liberal's 2019 Budget will include prescription drug funding, according to sources. Interestingly, these sources also stated that the 2019 Federal Budget is expected some time in the week of March 18. Since the Budget is usually not on a Monday or Friday, this narrows down the date to March 19, 20, or 21, provided that the source is correct and the date is definitive.
The blog will be updated again once the government officially announces the Budget date. I'm sure the tax community is eagerly waiting to learn what new tax measures will be revealed this year.
CFP®, Senior Technical Writer at Wolters Kluwer Canada
Cameron Mancell, CFP®, is a Senior Technical Writer at the Wolters Kluwer office in Toronto. Cameron contributes to Canadian Tax Reporter, Preparing Your Income Tax Returns, and Preparing Your Corporate Income Tax Returns, among several others.
Related Insights
-
ArticleTax & AccountingSeptember 29, 2023Are you giving your clients the tax information they need?Key findings about tax law research and obtaining tax information from the fifth Wolters Kluwer Canadian Accounting Industry Challenges Survey
-
ArticleTax & AccountingSeptember 29, 2023Canadian Industry and Tax Season Challenges Report released: Industry insights discussed2023 Canadian Industry and Tax Season Challenges Report analyzes survey results and discusses how effectively firms meet a variety of challenges.
-
ArticleTax & AccountingApril 04, 2023Federal Budget 2023 HighlightsThis tax briefing briefly summarizes the key tax announcements from Budget 2023. Notable announcements include: amendments in response to Bill C-208, modifying the alternative minimum tax, and many measures for incentives pertaining to clean energy.
-
ArticleTax & AccountingDecember 13, 2022Small Business Taxation Changes2022 federal Budget announced a new measure that targets “substantive” Canadian-controlled private corporations. Essentially, the federal government was concerned that taxpayers are intentionally undertaking transactions to remove the CCPC status...