facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
Budget 2021 — The other shoe hasn't dropped ... yet Thumbnail

Budget 2021 — The other shoe hasn't dropped ... yet

Finance Minister Chrystia Freeland tabled the 2021 Federal Budget on April 19, 2021. It has been a long time coming with the hiatus last year due to the COVID-19 pandemic.

The budget deficit is pegged at $354 billion. There has been much speculation about what kinds of revenue-raising measures would be implemented to pay for the level of government spending that has taken place to soften the pandemic’s economic toll. Based on what’s in the 2021 budget, we’re going to have to wait to see how we’re going to pay for all of this stimulus.

What’s not in this budget is probably more interesting than what is. No increase in the capital gains inclusion rate, no change to the principal residence exemption, no family wealth tax, no income tax rate increases for individuals or corporations. What follows is a summary of budget measures that may be of interest to investment and insurance advisors, and implications for planning using insurance and investments.


READ THE FULL ARTICLE ↗






The commentary in this publication is for general information only and should not be considered legal, tax or other professional advice to any party. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation.

Manulife, Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.