Thursday, August 21st19.8°C
22951
21626

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:

SMILING

— Low-income veterans and their families, who saw another $108 million put into a fund to help cover funeral costs;

— Veterans released from the military for medical reasons, because they get a hiring priority for public service jobs;

— Adoptive families, who get a higher tax credit for adoption costs;

— World-class amateur athletes, who get a break on their available RRSP room;

— Search and rescue volunteers, who get a tax credit similar to the one extended to volunteer firefighters in 2011;

— Students with cars who are seeking Canada Student Loans; the value of their vehicles will no longer affect their "needs assessment";

— The Conservative base of support, because the budget is on the verge of balance and is forecast to be in surplus in 2015.

FROWNING

— Smokers, who will see the excise duty on tobacco rise by $4 for a carton of 200 cigarettes;

— The Canadian Forces, their $3.1 billion in spending plans shoved into the future;

— Retired public servants, whose retirement health-plan costs are poised to double;

— Working public servants, who have been placed on notice that the road to a budget surplus runs through a pay freeze.

The Canadian Press


Read more Business News

22551


Recent Trending




Today's Market
S&P TSX15561.08-0.87
S&P CDNX993.44-3.26
DJIA17057.4578.32
Nasdaq4528.635+2.153
S&P 5001992.91+6.40
CDN Dollar0.9116+0.0001
Gold1273.80-19.60
Oil96.30+1.82
Lumber355.00-0.10
Natural Gas3.862+0.039

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22+0.01
Cantex0.065-0.005
Anavex Life Sciences0.260.00
Metalex Ventures0.075-0.01
Russel Metals37.36-0.09
Copper Mountain Mining2.89-0.03
Colorado Resources0.18-0.005
ReliaBrand Inc0.085+0.008
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.215-0.015

 



17772

FEATURED Property
20301082217 Sunview Drive
4 bedrooms 3 baths
$548,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...


Managing a business in 40 hours a week

My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...

_



22885




Member of BC Press Council


22771