Personal Finance

2018 Federal Budget - Canada's first full-blown social justice budget

  • Last Updated:
  • Apr 18th, 2018 9:39 pm
58 replies
Deal Addict
Oct 22, 2015
1393 posts
436 upvotes
Perhaps capital gains tax increase to 75%?
Deal Addict
May 12, 2014
2952 posts
2740 upvotes
Montreal
A limit to the principal residence exemption to $500,000.
And a limit to how high your RRSP and TFSA can grow while remaining tax free.

Gotta redistribute that income!
Deal Fanatic
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Sep 8, 2007
9038 posts
10361 upvotes
Way Out of GTA
Drop dat cash (for votes!)
Deal Addict
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Mar 9, 2012
3569 posts
2241 upvotes
Kitchener
One could hope he'll offer his resignation that day too.
Why can't we all just get along?
Deal Addict
Mar 2, 2005
2032 posts
332 upvotes
Double the carbon tax, that and pot tax will be used to benefit those who don't live and work in this great country.

What else is new?
Deal Guru
User avatar
Jun 1, 2006
12217 posts
15359 upvotes
cartfan123 wrote: Drop dat cash (for votes!)
They only do that in an election year. The next election is for 2019, so expect tax goodies next year.
Have a nice day!


Deal Fanatic
May 22, 2003
6580 posts
3503 upvotes
Vancouver
What a joke. Can't wait to see how else they can screw the middle class...
[OP]
Deal Expert
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Dec 7, 2012
32228 posts
8567 upvotes
GTHA
Morneau says budget goal is to create ‘fair’ opportunities
Finance Minister Bill Morneau is not sharing any specific details about this month’s federal budget, but he says a priority will be creating “real and fair” opportunities for Canadians. (Feb. 16, 2018)

Deal Fanatic
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Nov 13, 2010
7050 posts
1386 upvotes
Scarborough
Dont expect anything for the middle class, they finished transit tax credit already
Newbie
Mar 16, 2014
90 posts
31 upvotes
Toronto
apnayloags wrote: Dont expect anything for the middle class, they finished transit tax credit already
The middle class already got more than enough from the Libs. Aside from passive corporate investment and some soft social issues I don't expect much of substance from this budget.
Deal Fanatic
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Sep 1, 2013
6128 posts
753 upvotes
FrancisBacon wrote: A limit to the principal residence exemption to $500,000.
Regardless of the possible merit of this idea from an economic perspective, I think there is zero chance of it happening because of the political cost.
[OP]
Deal Expert
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Dec 7, 2012
32228 posts
8567 upvotes
GTHA
Federal budget to include incentive for 5-week, use-it-or-lose-it leave for second parent, official says
The government has been under increasing pressure from advocates to make further changes to Canada’s parental leave policies.

https://www.thestar.com/news/canada/201 ... -says.html
Deal Fanatic
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Sep 23, 2009
5075 posts
2259 upvotes
CheapScotch wrote: Regardless of the possible merit of this idea from an economic perspective, I think there is zero chance of it happening because of the political cost.
It's in line with the current narrative of economic equality for all.

Just because you disagree with a policy does not make is less likely to be implemented.

Also note that the government needs more tax revenue.

Spend and Tax policy at work.
Deal Addict
May 12, 2014
2952 posts
2740 upvotes
Montreal
tk1000 wrote: Federal budget to include incentive for 5-week, use-it-or-lose-it leave for second parent, official says
Disgusting social engineering. Couples are in the best position to decide amongst themselves how to split parental leave.

Now because one member is unable to take time off, they lose it?

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