2019 Budget

2019 Federal Budget Highlights

DLD Quarterly Money Thoughts (April 2019) includes: 2019 Federal Budget Highlights, Reminder of Tax Deductions on your Non-Registered Investments and Group Benefits Plan Update

On March 19, 2019, Finance Minister Bill Morneau tabled the Liberal Government’s 2019 pre-election budget. This Special Report highlights proposed government initiatives and tax proposals of greatest interest to our members and their clients. We extend our thanks to Kevin Wark and Angela Ross, CALU’s Tax Advisors, for their work in preparing this summary.

Highlights include:

  • Support for first-time home buyers and related initiatives to expand the housing supply and affordability (RRSP First Time Home Buyer’s Plan $35,000)
  • The introduction of an employment training tax benefit and enhancing access to secondary education
  • Additional investments in support of the indigenous people of Canada
  • Progress in the development of a national pharmacare strategy and related healthcare initiatives
  • A continued focus on aggressive tax planning strategies both domestically and internationally

Source: CALU Special Report – 2019 Federal Budget | March 19, 2019

Reminder of Tax Deductions

Reminder of Tax Deductions on your NON-REGISTERED Investment Mutual Fund Accounts

We know that all of you know to claim your RRSP deductions on your taxes. We also wanted to remind those of you who have non-registered mutual fund accounts that we’ve switched the majority of you over to Fee-Based accounts, with the exception of cash accounts. This means our portion of the fee is a tax-deductible expense. You can find this information on your January-December 2018 year-end statement. For those of you who have leveraged investments, don’t forget to claim the interest paid in 2018 – you will find the total amount of interest paid on your most recent Solutions Banking statement. Any questions, please let us know.

The DLD Financial Group Ltd Team

Group Benefits Plan Update: Attention BUSINESS OWNERS & Key Decision Makers of Companies

We have formed a partnership with GroupQuest Benefit Resources to provide top of the line service, knowledge and expertise to provide our business owner clients. In our firm’s 19 years of experience in the insurance industry we have found many companies have benefit programs that aren’t effectively managed or outdated. Our job is to act as a representative between companies and various group benefit providers.

As a complimentary service we offer secondary opinions to review current benefit plans. We find that although most companies have benefit plans in place, they aren’t always maintained in an efficient manner. This is where our team comes in – we review your current plan to ensure you are utilizing what you are paying for. If you are not content with your current plan, it is our duty to keep in mind your budget and needs as we explore the market. We look forward to exploring the opportunities and value that our second option service will provide to you and your employees.

If you have any questions, please do not hesitate to get in touch with Dave, Kelly and Ryan.