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

 In Alerts, News, Wolters Kluwer

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.
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