Staff
The Liberal government is moving ahead with measures from the 2019 federal budget that stalled before they were implemented, with changes to employee stock options, annuities and mutual fund trusts included in new legislation.
The 344-page bill includes measures related to transfers of commuted values to individual pension plans (IPPs), taxation of mutual funds and ETFs, new annuities under registered plans, and stock option deductions for employees.
While the implementation bill includes measures announced in this year’s budget to boost old age security and child-care spending, the Liberals’ proposal to impose a new tax on luxury vehicles is not part of the legislation.