Friday, October 31st8.5°C
23888
22501

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

23028


Recent Trending




Today's Market
S&P TSX14575.86+117.17
S&P CDNX760.85-10.80
DJIA17340.69145.27
Nasdaq4626.803+60.665
S&P 5002012.45+17.80
CDN Dollar0.8857-0.0077
Gold1165.70-32.90
Oil79.49-1.41
Lumber325.70+2.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.12+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.13-0.02
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.03-0.005
Russel Metals32.59+0.37
Copper Mountain Mining2.03+0.06
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
20490347080 Sun Valley Road
3 bedrooms 3 baths
$749,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


23741