OTTAWA — With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers:Carbon tax rebates for small businesses are coming, five years after consumers began receiving their share. The measure is"a big relief," says Dan Kelly of the Canadian Federation of Independent Businesses, which represents the sector. The budget says as many as 600,000 small firms would be eligible for a share of $2.5 billion.
The budget also sets aside $4.1 million over three years for the Finance Department to complete the policy work necessary to establish and maintain the oversight entity and framework. The financial sector will welcome any clarity on this file after years of seeing the can kicked down the road, but it's unclear what the implementation timeline will be.An increasingly loud debate has emerged about whether the country's largest pension funds should invest more of their capital in Canada.
In the meantime, the government says it will require financial regulator OSFI to publish information about the investments of large federally regulated pension plans. That could see even higher scrutiny from climate change activists and interest groups hoping to sway investment decisions.Wireless costs are too high, telecom industry watchers told MPs studying cellphone plans earlier this year, even as prices have been on the decline in recent years.
In the budget, the government says it will make it easier to renew or switch between cellphone plans, something advocates say makes it easier to get a better rate. It also will require carriers to provide some kind of self-service option, like an online portal, so that customers can more easily switch plans.Canadians have long complained about soaring ticket prices for concerts and sporting match tickets.
The budget says the federal government will work with provinces and territories to adopt ticket sales best practices that reduce unexpected charges during the buying process, crack down on fraudulent sellers and ensure Canadians get timely refunds when events are cancelled. However, it offers no plan with enforceable measures or deadlines to accomplish these feats, which could leave Canadians battling scalpers even longer.
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