Federal and Provincial Economic Responses to COVID-19

Highlights from the Federal Budget

DLD Quarterly Money Thoughts (April 2021) includes Highlights from the Federal Budget, Quarterly Capital Market Update and Upcoming LIVE Webinar on May 04, 2021

Personal:

  • Extension of COVID-19 Canada Recovery Benefit and Employment Insurance general benefits
  • Extension of increased Canada Student Grant to 2023
  • $500 one-time payment for seniors age 75+ as of June 2022
  • Broader qualifications for the Disability Tax Credit
  • Enhancements to the Canada Workers Benefit

Corporate:

  • Emergency support measures for businesses extended until September 25, 2021
  • New subsidy through the Canada Recovery Hiring Program
  • Reduced corporate tax rate on eligible zero-emission technology manufacturing and process income

Other:

  • New tax on the retail sale of luxury cars, personal aircraft and boats
  • Home retrofit interest free loan of up to $40,000
  • 1% national tax on unproductive use of Canadian housing by foreign non-resident owners

For more details on the above proposals, please click the button below to read the full 2021 Federal Budget Analysis.

Source: Mackenzie Investments

Mackenzie Investments Monthly Market Matters
Quarterly Capital Market Highlights
  • Fixed income investors bruised as global bond yields surge amid increasing confidence for a robust economic rebound in the second half of 2021
  • US Senate passes President Biden’s US $1.9 trillion fiscal stimulus bill; $2.25 trillion infrastructure bill unveiled
  • Canadian equities deliver strong performance; powered by the cyclical rotation trade and soaring commodity prices
  • Q4 2020 company earnings exceed estimates; analysts and companies are more optimistic for 2021 and beyond

For more details please click the button below for the full update.

Source: Summary for Q1 2021 – Brent Joyce, CFA and Justin Truong, CFA of Mackenzie Investments

Quarterly Capital Market Update
LIVE DLD Capital Markets Update Webinar- TUESDAY, MAY 04 2021 AT 10:30 AM)

SAVE THE DATE for our first LIVE webinar of 2021.

Mark Campbell, B.Comm, CPA, CA from Mackenzie Investments will be presenting on the COVID rebound, interest rates, inflation and other key issues. There will be live Q&A following his session. Stay tuned for an email invite to this session.

Here is the link to the LIVE webinar. Please join in!

Please do not hesitate to contact us if you have any questions or if there’s anything we can do to help.

Thank you for your time and continue to stay safe.
Dave, Kelly and Ryan

E&OE