Prime Minister Justin Trudeau and his Finance Minister, the Honourable William Morneau delivered their first federal budget on March 22nd noting that global growth has slowed, financial market volatility has risen and commodity prices have fallen sharply. The new Liberal government will repeal the Federal Balanced Budget Act in order to spend heavily in this budget. This will lead to a projected $29.4 billion shortfall this year and gradually declining to a deficit of $14.3 billion in 2020-21. 

Click here to view the infographic of some budget items related to investments and taxes for individuals and corporations.

If you’d like to discuss these highlights and other federal budget initiatives and how they affect your financial plan, please don’t hesitate to contact us.