article

[SUMMARY] gov.ca #budget2017

Canadian Federal Budget 2017

[WHAT]

  1. ] by Don Sagrott @ sospep.org  - overview/highlights of the current Canadian federal governments budget for this fiscal year

[WHY]

  1. ] PROS - ] #innovation #, ] #housing $, ] 
  2. ] CONS - ] increased taxation on alcohol and tobacco, ] 28.5B defecit projected, ] 8.x B in defence spending deferred to 2035 or beyond, ] 
  3. ] 

[WHERE]

  1. ] READ THE FULL ARTICLE
    1. ] SITE - http://www.budget.gc.ca/
    2. ] PDF - http://www.budget.gc.ca/2017/docs/plan/budget-2017-en.pdf  - ( * have local copy)

[WHEN]

  1. ] 2017-03-28
  2. ] taxing a portion of capital gains on principal residence sale

[EXAMPLE]

  1. ] ADD money allocated() for spending on Canadas #innovation economy 
    1. ] over 1B in spending towards #innovation across a variety of programs.
    2. ] ANALYSIS - budget2017-tech-perspective
  2. ] federal housing funds
    1. ] 11.2 B over 11 years for new/upgrades
    2. ] already budgeted
  3. ] ADD federal tax increased on alcohol and tobacco
    1. ] 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.
  4. ] ADD federal EI insurance premiums increased
    1. ] 
  5. ] ADD new rules change on ride sharing service
    1. ]  previously some drivers were NOT charging GST because of the 30K limit for small business owners before they have to pay gst
    2. ] 3M in new revenue for .gov
  6. ] REMOVE transit tax credit 
    1. ] 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
  7. ] REMOVE the Canada Savings Bond program
    1. ] 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
  8. ] REMOVE GST/HST rebate for foreign tourists
    1. ] 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.
  9. ] federal housing funds
    1. ] 11.2 B over 11 years for new/upgrades

[HOW-TO]

  1. ]

[REFERENCE]

  1. ] # 7171 - CREATE-article# 5669 - #budget2017 -
  2. ] http://www.cbc.ca/news/politics/federal-budget-2017-uber-bonds-transit-tax-1.4036893
  3. ] http://www.cbc.ca/news/politics/federal-budget-highlights-2017-1.4032898

[RELATED]

  1. ] # 7184 - CREATE-article# # - innovation - overview of canada's innovation strategy/agenda
  2. ] # # - 

 

Details Photos Edit more

Details

ID: 5669

NAME: budget2017

DESCRIPTION: [SUMMARY] #budget2017 - overview / highlights of the Canadian federal government budget for 2017

AUTHOR: article.author/s

EDITOR: article.editor/s

PUBLISHER: article.publisher/s

STATUS: Write

PRIORITY: -5

OWNER ID: 75

Content Photos Edit more

photos

page_photo

actions

Email Email-Owner SMS and