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RSS FeedsWinners and losers of the 2017 federal budget
(The Star Theatre)

 
 

23 march 2017 14:58:22

 
Winners and losers of the 2017 federal budget
(The Star Theatre)
 


OTTAWA—Justin Trudeau’s Liberal government delivered its second budget Wednesday. Here’s a look at the winners and losers.WinnersCities. The budget commits $11 billion in previously announced infrastructure funding for affordable housing. That’s just shy of what the Federation of Canadian Municipalities had sought but does address a pressing need. Read more about the 2017 federal budgetParents. The budget earmarks $7 billion over the next decade to boost the number of child-care spaces, perhaps as many as 40,000. The money is part of the social infrastructure funding announced last year. The budget proposes more flexible parental leave. Parents will be allowed to get lower EI benefits over an extended period of up to 18 months.Caregivers. The Liberals have tinkered with the existing caregiver benefits, promising more flexible parental leave. Parents will be allowed to get lower EI benefits over an extended period of up to 18 months.Veterans. The budget builds on past efforts to enhance programs that support veterans, including a new education and training benefit, career transition, and better support for ill and injured vets.LosersFriday night fun. The budget imposes modest tax hikes to alcohol, cigarettes and ensures that ride-sharing services such as Uber charges passengers the GST/HST.Transit riders. The budget scraps the public transit tax credit that allowed riders to claim a 15 per cent tax credit on their transit passes.Military. No new funding — yet. The budget offers no additional cash for the military but the government says stay tuned, promising a long-term funding plan in the coming months, after it has released a new vision for the Canadian Armed Forces.Tax cheats. The budget commits $523 million over five years to crack down on tax evasion and improved tax compliance.Read more:Federal budget features more money for affordable housing, child careHighlights from the 2017 federal budget


 
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