Housing, corporation taxation: What the latest federal budget means for Calgary
Ottawa has unveiled its latest federal budget, which includes just over $39 billion of net new spending over the next six years.
Among the new spending:
- $1.5 billion to launch pharmacare;
- $6.1 billion for a new disability benefit; and
- $2.5 billion for a new carbon rebate that would benefit about 600,000 small businesses.
While there were rumours of a potential wealth tax to compensate for new spending, the government instead is increasing the tax rate on capital gains.
Feeling the impact will be 12.6 per cent of corporations.
“We’re concerned about the level of taxation on corporations because it limits our ability to invest in innovation,” said Ruhee Ismail-Teja, Calgary Chamber of Commerce vice-president of policy and external affairs.
“It limits our ability to invest in decarbonization, and it limits our ability to invest in the labour force and continue to hire.”
Also new on Tuesday, a plan to unlock federal lands for homes.
Ottawa will lease property in Currie in Calgary to housing providers to build about 100 homes.
Going to Calgary through Ottawa’s housing accelerator fund will be $228 million.
That money was previously pledged and is contingent on council passing rezoning rules, which will be discussed next week.
The mayor is happy with the housing money.
“This budget seems to be very focused on housing. And together with that, they seem to be interested in investing in the infrastructure that’s needed for communities to grow,” said Mayor Jyoti Gondek.
“Once again, there’s no mention of having some sort of a better, more permanent solution to how the federal government funds municipalities.”
The premier says it’s a high-spending budget that doesn’t help Albertans with affordability.
“It means higher debt, it means higher finance charges. They talk in the budget about generational fairness — that’s not fair, overspending today and saddling future generations with the burden of paying it back,” Premier Danielle Smith said.
The province accuses Ottawa of pouring gasoline on the inflation crisis by overspending and over-regulating.
View original article here Source
Royale Velour Toilet Paper, 12 Equal 24 Rolls, 142 Bathroom Tissues per roll
$8.97 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Bedsure Satin Pillow Cases 2 Pack Queen - Grey Satin Pillowcase for Hair and Skin - Similar to Silk Pillow Cases…
$11.99 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Carhartt Men's Loose Fit Heavyweight Short-Sleeve Pocket T-Shirt
$28.99 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple iPhone 12, 64GB, Black - Fully Unlocked (Renewed)
$369.00 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Cottonelle Ultra Clean Toilet Paper, Strong Toilet Tissue, 12 Mega Rolls (12 Mega Rolls = 48 Regular Rolls), 284 Sheets Per
$15.97 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Sahara Sailor Water Bottle, 32oz Motivational Sports Water Bottle with Time Marker - Times to Drink - Tritan, BPA Free,…
$14.99 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Gritin Resistance Bands, [Set of 5] Skin-Friendly Resistance Fitness Exercise Loop Bands with 5 Different Resistance…
$14.99 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Sunstar 888JC GUM Advanced Care Flossers, Fresh Mint, Vitamin E & Fluoride, 150 Count (packaging may vary)
$5.77 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
CAMBIVO Knee Brace Support(2 Pack), Knee Compression Sleeve for Running, Hiking, Basketball, Arthritis, ACL,…
$26.99 (as of April 16, 2024 20:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)