Some left smiling with small budget goodies, a lot more left frowning
OTTAWA - Tuesday's federal budget left a handful of Canadians with modest smiles and a lot of others with big frowns. Here's a brief roster of stakeholders mentioned in Finance Minister Jim Flaherty's fiscal blueprint and their likely facial expressions:
â€” Low-income veterans and their families, who saw another $108 million put into a fund to help cover funeral costs;
â€” Veterans released from the military for medical reasons, because they get a hiring priority for public service jobs;
â€” Adoptive families, who get a higher tax credit for adoption costs;
â€” World-class amateur athletes, who get a break on their available RRSP room;
â€” Search and rescue volunteers, who get a tax credit similar to the one extended to volunteer firefighters in 2011;
â€” Students with cars who are seeking Canada Student Loans; the value of their vehicles will no longer affect their "needs assessment";
â€” The Conservative base of support, because the budget is on the verge of balance and is forecast to be in surplus in 2015.
â€” Smokers, who will see the excise duty on tobacco rise by $4 for a carton of 200 cigarettes;
â€” The Canadian Forces, their $3.1 billion in spending plans shoved into the future;
â€” Retired public servants, whose retirement health-plan costs are poised to double;
â€” Working public servants, who have been placed on notice that the road to a budget surplus runs through a pay freeze.
Read more Business News
- Power outage pastimesWest Kelowna
- $10 million steroid bustCanada - 5:30 am
- Conserve waterWest Kelowna
- Fix me a drink!Kelowna - 5:00 am
|QHR Technologies Inc||1.26||+0.04|
|Anavex Life Sciences||0.1805||+0.0001|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.31||-0.01|
Investors seeking income often limit their selection to bonds and give little or no consideration to preferred shares. They usually ignore preferreds simply because they don't know much about them...
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...