Versatile Accounting has obtained a 15 page PDF document from The CPA which highlights all the main points of the 2019 federal budget. This PDF document goes through the following.



Canada Training Benefit

  • Canada Training Credit
    • Eligible Tuition and Other Fees
  • EI Training Support Benefit

Making Canada Student Loans More Affordable

  • Lower Interest Rates
  • New Interest-Free Grace Period

Improving the Economic Security of Low-Income Seniors

Introducing the First-Time Home Buyer Incentive

Modernizing the Home Buyers’ Plan

  • Withdrawal Limit
  • Breakdown of a Marriage or Common-Law Partnership

Change in Use Rules for Multi-Unit Residential Properties

Permitting Additional Types of Annuities under Registered Plans

  • Advanced Life Deferred Annuities
    • Qualifying plans
    • Limits
    • Tax treatment on death
  • Variable Payment Life Annuities
    • Annuities fund
    • Tax treatment on death

Employee Stock Options

Electronic Delivery of Requirements for Information

Tax Measures for Kinship Care Providers

  • Canada Workers Benefit
  • Tax Treatment of Financial Assistance Payments

Improvements to the Registered Disability Savings Plan

Donations of Cultural Property

Medical Expense Tax Credit

Contributions to a Specified Multi-Employer Plan for Older Members

Pensionable Service under an Individual Pension Plan

Mutual Funds: Allocation to Redeemers Methodology

  • Deferral
  • Character Conversion

Carrying on Business in a Tax-Free Savings Account

Making Zero-Emission Vehicles More Affordable

Personal Income Tax Credit for Digital Subscriptions


Support for Canadian Journalism

  • Qualified Canadian Journalism Organizations
  • Qualified Donee Status
  • Refundable Labour Tax Credit

Business Investment in Zero-Emission Vehicles

  • Application and Phase-Out

Inter generational Business Transfers

Small Business Deduction – Farming and Fishing

Scientific Research and Experimental Development Program

Canadian-Belgian Co-productions – Canadian Film or Video Production Tax Credit

Character Conversion Transactions

Canada Training Credit


Transfer Pricing Measures

  • Order of Application of the Transfer Pricing Rules
  • Applicable Reassessment Period

Foreign Affiliate Dumping

Cross-Border Share Lending Arrangements

  • Canadian Shares
  • Foreign Shares


GST/HST Health Measures

  • Human Ova and In vitro Embryos
  • Foot Care Devices Supplied on the Order of a Podiatrist or Chiropodist
  • Multidisciplinary Health Care Services

Cannabis Taxation

  • New Classes of Cannabis Products


The reproduction of the contents of this Federal budget summary is authorized without restriction.

As a Calgary accounting firm, we want to bring awareness and knowledge to our clients. So, go ahead and download this document to read at your leisure.

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