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<h1 style="text-align: center;">[SUMMARY] gov.ca #budget2017</h1>
<h1 style="text-align: center;">Canadian Federal Budget 2017</h1>
<h2>[WHAT]</h2>
<ol>
<li>] by Don Sagrott @ sospep.org &nbsp;- overview/highlights of the current Canadian federal governments budget for this fiscal year</li>
</ol>
<h2>[WHY]</h2>
<ol>
<li>] PROS - ] #innovation #, ] #housing $, ]&nbsp;</li>
<li>] CONS - ] increased taxation on alcohol and tobacco, ] 28.5B defecit projected, ] 8.x B in defence spending deferred to 2035 or beyond, ]&nbsp;</li>
<li>]&nbsp;</li>
</ol>
<h2>[WHERE]</h2>
<ol>
<li><strong>] READ THE FULL ARTICLE</strong></li>
<ol>
<li>] SITE -&nbsp;<a href="http://www.budget.gc.ca/" target="_blank">http://www.budget.gc.ca/</a></li>
<li>] PDF -&nbsp;<a href="http://www.budget.gc.ca/2017/docs/plan/budget-2017-en.pdf" target="_blank">http://www.budget.gc.ca/2017/docs/plan/budget-2017-en.pdf</a>&nbsp; - ( * have local copy)</li>
</ol></ol>
<h2>[WHEN]</h2>
<ol>
<li>] 2017-03-28</li>
<li>] taxing a portion of capital gains on principal residence sale</li>
</ol>
<h2>[EXAMPLE]</h2>
<ol>
<li><strong>] ADD money allocated() for spending on Canadas #innovation economy&nbsp;</strong></li>
<ol>
<li>] over 1B in spending towards #innovation across a variety of programs.</li>
<li>] ANALYSIS - budget2017-tech-perspective</li>
</ol>
<li><strong>] federal housing funds</strong></li>
<ol>
<li>] 11.2 B over 11 years for new/upgrades</li>
<li>] already budgeted</li>
</ol>
<li><strong>] ADD federal tax increased on alcohol and tobacco</strong></li>
<ol>
<li>] The increases in so-called sin taxes on alcohol and tobacco come into effect Thursday, adding a penny to the price for a litre of wine, for example, and just over two cents to a litre of spirits. A 24-pack of beer is going up by five cents, and 200 cigarettes will cost another 53 cents. The higher excise taxes are expected to put $85 million into government coffers in 2017-18.</li>
</ol>
<li><strong>] ADD federal EI insurance premiums increased</strong></li>
<ol>
<li>]&nbsp;</li>
</ol>
<li><strong>] ADD new rules change on ride sharing service</strong></li>
<ol>
<li>] &nbsp;previously some drivers were NOT charging GST because of the 30K limit for small business owners before they have to pay gst</li>
<li>] 3M in new revenue for .gov</li>
</ol>
<li><strong>] REMOVE transit tax credit&nbsp;</strong></li>
<ol>
<li>] Prior to the 2017 budget, the public transit tax credit gave Canadians a 15 per cent non-refundable tax credit for the cost of public transit passes. This included annual and monthly passes as well as some electronic fare cards</li>
</ol>
<li><strong>] REMOVE the Canada Savings Bond program</strong></li>
<ol>
<li>]&nbsp;And on the savings side, the budget ends the long-running Canada Savings Bonds program this year, now recognized as an inefficient way for governments to raise money</li>
</ol>
<li><strong>] REMOVE GST/HST rebate for foreign tourists</strong></li>
<ol>
<li>]&nbsp;Foreign tourists will no longer be eligible for a GST/HST rebate on the cost of their accommodations or tour packages. Once phased in next year, the change will add $15 million in sales taxes to the federal treasury.</li>
</ol>
<li><strong>] federal housing funds</strong></li>
<ol>
<li>] 11.2 B over 11 years for new/upgrades</li>
</ol></ol>
<h2>[HOW-TO]</h2>
<ol>
<li>]</li>
</ol>
<h2>[REFERENCE]</h2>
<ol>
<li>] # 7171 -&nbsp;<a href="/view/task?id=7184" target="_blank">CREATE-article# 5669</a>&nbsp;- #budget2017 -</li>
<li>]&nbsp;http://www.cbc.ca/news/politics/federal-budget-2017-uber-bonds-transit-tax-1.4036893</li>
<li>]&nbsp;http://www.cbc.ca/news/politics/federal-budget-highlights-2017-1.4032898</li>
</ol>
<div>
<h2>[RELATED]</h2>
<ol>
<li>] # 7184 - <a href="/view/task?id=7184" target="_blank">CREATE-article# #</a>&nbsp;- innovation - overview of canada's innovation strategy/agenda</li>
<li>] # # -&nbsp;</li>
</ol></div>
<h1 style="text-align: center;">&nbsp;</h1>