Tax & Accounting April 11, 2019

Bill C-97, Budget Implementation Act, 2019, No .1

Status: First Reading (House of Commons), April 8, 2019 On April 8, 2019, the Minister of Finance tabled Bill C-97, which includes certain measures from Budget 2019, plus several previously-announced tax changes. The bill includes the following income tax measures (measures not from Budget 2019 are noted):
  • zero-emissions vehicles;
  • donations of cultural property;
  • Canadian development expenses and Canadian oil and gas property expenses (2018 Fall Economic Statement)
  • kinship care providers;
  • tax support for Canadian journalism;
  • medical expense tax credit and cannabis;
  • Canada Training Credit;
  • small business deduction—farming and fishing;
  • extending mineral exploration tax credit (2018 Fall Economic Statement);
  • SR&ED for CCPCs;
  • carrying on business in a TFSA;
  • home buyers plan;
  • repayments of salary overpayments (January 15, 2019);
  • accelerated investment incentive for CCA (2018 Fall Economic Statement); and
  • Class 43.1/43.2—electric vehicle charging stations and batteries (Budget 2016).
Also, C-97 includes the following GST/HST and excise tax measures from Budget 2019:
  • fertility expenses;
  • multidisciplinary health services;
  • cannabis taxation; and
  • consequential amendments relating to zero emissions vehicles.
Cameron Mancell
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.