Budget Plan

Table of Contents

• Introduction
• Overview
• Chapter 1 - Investing in the Middle Class
  • Part 1: An Affordable Place to Call Home
  • Improving Affordability Today: Support for First-Time Home Buyers
    • Introducing the First-Time Home Buyer Incentive
    • Modernizing the Home Buyers' Plan
  • Working Together: Increasing Housing Supply Through Partnerships and Targeted Investments
    • Expanding the Rental Construction Financing Initiative
    • Encouraging Innovation With the Housing Supply Challenge
    • Launching an Expert Panel on the Future of Housing Supply and Affordability
    • Delivering on Canada's First National Housing Strategy
  • Increasing Fairness: Strengthening Rules and Compliance in Canada's Housing Market
    • Taking Action to Enhance Tax Compliance in the Real Estate Sector
    • Monitoring Purchases of Canadian Real Estate
  • PART 2: A New Approach to Helping Middle Class Canadians Find and Keep Good Jobs
    • Horizontal Skills Review
    • Introducing the Canada Training Benefit
  • Preparing Young Canadians for Good Jobs
    • Affordable and Accessible Education
  • Skills for Canada and the World
    • Expanding the Canada Service Corps
    • On-the-Job Learning and Work Experience
  • Part 3: Moving Forward on Implementing National Pharmacare
    • Advisory Council on the Implementation of National Pharmacare
    • Introducing the Canadian Drug Agency
    • Making High-Cost Drugs for Rare Diseases More Accessible
  • Part 4: A Secure Retirement
  • A Better Quality of Life for Canada's Seniors
  • The Canada Pension Plan: Retirement Security for Today and Tomorrow
  • Further Investments Benefitting the Quality of Life of Seniors
• Chapter 2: Building a Better Canada
  • Part 1: Building Strong Communities
    • The Investing in Canada Plan: An Update
    • New Infrastructure Funding for Local Communities Through a Municipal Top-Up
  • Part 2: Affordable Electricity Bills and a Clean Economy
    • Investing in the Future of Transportation
    • Making Zero-Emission Vehicles More Affordable
    • Supporting Business Investment in Zero-Emission Vehicles
    • Reducing Energy Costs Through Greater Energy Efficiency
    • More Connectivity = More Affordable Electricity
  • Part 3: Connecting Canadians
    • Access to High-Speed Internet for All Canadians
  • Part 4: Building a Better Future for Canada’s North
    • Strong Arctic and Northern Communities
    • Investing in Regional Priorities
  • Part 5: Building a Nation of Innovators
    • Canada’s Innovation and Skills Plan
    • Promoting the Development of World-Class Canadian Businesses
    • Establishing a Permanent Global Talent Stream
    • Bringing Innovation to Regulations
  • Part 6: Building Research Excellence in Canada
    • Support for Science, Research and Technology Organizations
    • Strengthening Canada’s World-Class Physics Research
    • Taking a New Approach With the Strategic Science Fund
• Chapter 3 - Advancing Reconciliation
  • Part 1: Redressing Past Wrongs and Advancing Self-Determination
    • Advancing Reconciliation by Settling Specific Claims
    • Forgiving and Reimbursing Loans for Comprehensive Claim Negotiations
  • Part 2: Strengthening Governance Tools
    • Supporting Strong and Successful Self-Governing Indigenous Communities
    • Better Information for Better Services
    • Core Governance Support for First Nations
  • Part 3: Closing the Gap
  • Part 4: Better Services for First Nations and Inuit Children
    • Continuing Implementation of Jordan’s Principle
    • Supporting Inuit Children
  • Part 5: Preserving, Promoting and Revitalizing Indigenous Languages
  • Supporting Indigenous Post-Secondary Education
  • Part 6: Healthy, Safe and Resilient Indigenous Communities
    • On Track to Eliminate Boil Water Advisories on Reserve
    • Safe and Accessible Spaces for Urban Indigenous Peoples
    • Improving Emergency Response On-Reserve
    • Improving Assisted Living and Long-Term Care
    • Supporting the National Inuit Suicide Prevention Strategy
    • Supporting Indigenous Business Development
    • Engaging Indigenous Communities in Major Resource Projects
    • Supporting First Nations Priorities
    • Supporting Inuit Priorities
    • Supporting Métis Nation Priorities
• Chapter 4: Delivering Real Change
  • Part 1: Health and Well-Being
    • Addressing Major Health Care Challenges
    • Making Canada Accessible and Supporting People With Disabilities
    • Introducing a Food Policy for Canada
  • Part 2: Support for Diversity, Culture and the Arts
    • Expanding Support for Artists and Cultural Events
    • Advancing Gender Equality
  • Part 3: Support for Canada’s Veterans and Their Families
  • Part 4: Public Safety and Justice
    • Safeguarding the Integrity of Our Institutions and Infrastructure
    • Enhancing Accountability and Oversight of the Canada Border Services Agency
    • Improving Canada’s Ability to Prepare for and Respond to Emergencies and Natural Disasters
    • Protecting Vulnerable Canadians From Violence and Exploitation and Promoting Access to Justice
  • Part 5: Canada’s International Engagement
    • Increasing Canada’s International Assistance Envelope
    • Supporting Farmers in Supply Managed Sectors Following Ratification of New Trade Agreements
    • Renewing Canada’s Middle East Strategy
    • Reinforcing Canada’s Support for Ukraine
    • More Affordable International Remittances
  • Part 6: Better Government
    • Investing in Service Canada
    • Improving Client Services at the Canada Revenue Agency
    • Improving Immigration Client Service
    • Helping Travellers Visit Canada
    • Resolving Income Security Program Disputes More Quickly and Easily
    • Ensuring Proper Payment for Public Servants
    • Moving Toward the Next Generation Pay System for the Federal Public Service
  • Part 7: A Fair Tax System for All Canadians
    • Improving Tax Compliance
    • Combatting Aggressive International Tax Avoidance
    • Employee Stock Options
    • Adjusting the Rules for Cannabis Taxation
    • Improving Access to the Canada Workers Benefit Throughout the Year
    • Intergenerational Business Transfers
    • Closing Tax Loopholes
• Gender Equality Statement
  • Advancing Gender Equality and Diversity
  • Gender Results Framework
    • Education and Skills Development
    • Economic Participation and Prosperity
    • Leadership and Democratic Participation
    • Gender-Based Violence and Access to Justice
    • Poverty Reduction, Health and Well-Being
    • Gender Equality Around the World
  • GBA+ of Budget 2019
    • Strengthening the GBA+ Process
    • Target Population for Budget Measures
    • Major Beneficiaries
    • Income Distributional Impacts
    • Intergenerational Impacts
• Annex 1: Economic and Fiscal Outlook
  • Introduction
  • Recent Economic Developments
    • Global economic expansion is moderating
    • Global growth concerns contributed to increased market volatility at the end of 2018
    • Canada’s economy remains strong, focus on middle class growth remains essential
    • Continued employment gains lifted the share of working-age Canadians who are employed to a record high in 2018
    • Household spending has cooled, and housing markets are more balanced
    • Housing markets are undergoing an orderly correction, though affordability challenges remain in Toronto and Vancouver
    • The fundamentals remain supportive of business investment
    • Export growth continues to be led by energy and services
    • Lower global oil prices are dampening growth
    • Crude oil prices have fallen below expectations outlined in the 2018 Fall Economic Statement and remain vulnerable to world market developments
  • Budget 2019 Economic Outlook
    • The economic outlook has been revised moderately down since the 2018 Fall Economic Statement
  • Budget 2019 Fiscal Outlook
    • On average, budgetary revenues are expected to grow faster than expenses over the forecast horizon
    • Impact of Alternative Economic Scenarios
• Annex 2
  • 1. Private Sector Economic Projections
  • 2. Changes to the Fiscal Outlook since the 2018 Fall Economic Statement
    • 2.1 Economic and Fiscal Developments since the 2018 Fall Economic Statement
  • 3. Fiscal Projections
    • 3.1 Summary Statement of Transactions
    • 3.2 Outlook for Budgetary Revenues
    • 3.3 Outlook for Program Expenses
    • 3.4 Financial Source/Requirement
  • 4. Supplementary Information
    • 4.1 Policy Actions Announced since the 2018 Fall Economic Statement
    • 4.2 Other Budget 2019 Measures (Not Included in Previous Chapters)
    • 4.4 Reconciliation of Budget 2019 Expenses with 2018–19 Main Estimates and 2019–20 Planned Estimates
    • 4.5 Sensitivity of Fiscal Projections to Economic Shocks
• Annex 3 - Legislative Measures
  • Legislative Measures
• Annex 4 - Modernizing Canada’s Financial Sector
  • Reviewing the Merits of Open Banking
  • Supporting an Innovative and Well-Functioning Canadian Payments System
  • Supporting Sustainable Financing
  • Introducing a Financial Consumer Agency of Canada Governance Council
  • Updating Federal Financial Sector Statutes
  • Modernizing the Unclaimed Assets Framework
  • Debt Management Strategy
    • Introduction
    • Outlook for Government of Canada Debt
  • Planned Borrowing Activities for 2019–20
    • Borrowing Authority
    • Sources of Borrowings
    • Uses of Borrowings
    • Objectives
    • Debt Structure Planning
    • Composition of Market Debt
    • 2019–20 Treasury Bill Program
    • 2019–20 Bond Program
    • Management of Canada’s Official International Reserves
    • Cash Management
    • Prudential Liquidity
• Annex 5 - Government Tax Expenditure and Spending Reviews
  • Overview
  • Tax Expenditure Review
    • Additional Tax Savings Introduced in Budget 2019
    • Government Spending Reviews
• Tax Measures
  • Supplementary Information
  • Notices of Ways and Means Motions
    • Notice of Ways and Means Motion to amend the Income Tax Act and Other Related Legislation
    • Notice of Ways and Means Motion to amend the Excise Tax Act
    • Notice of Ways and Means Motion to amend the Excise Act, 2001
  • Draft Amendments to Various Regulations