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AFS Insights

Federal Budget 2019

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Copies of the 2019 budget booklet are stacked at a lockup session with experts and reporters in Ottawa on Tuesday, March 19, 2019. THE CANADIAN PRESS/Fred Chartrand

 

On March 19th, the federal government announced its latest budget, which included a number of proposed changes to social programs that will be phased in over the next several years.  There are also changes coming to registered savings accounts such as RRSP, RDSP, RRIF, RPP, and the TFSA.  These changes are aimed to help middle class Canadians save for retirement and optimize their savings.  The following two links summarize these changes and put into plain language some of the proposed actions that will affect Canadians and their families:

 

The Globe and Mail:

Federal budget 2019 highlights: 10 things you need to know

 

Empire Life:

2019 Canada’s Budget

 

On behalf of the entire Arbutus team, we thank you for your continued trust and support.

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If you’d like to discuss this topic in greater detail or have any questions, please reach out to a member of your Arbutus Financial Team.

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