Many will be watching for pre-election goodies and plans to concurrently boost revenue.
My colleague Michelle Connolly, a senior vice-president of advanced wealth planning at Wellington-Altus Private Wealth, thinks the government will be strategic in its approach by targeting wealthy Canadians. This could potentially include introducing a federal surtax; increasing the GST/HST; and increasing marginal tax rates for those with incomes over $200,000.
She does not believe gains on the sale of principal residences will become taxable, given that many Canadians use the proceeds to fund their retirements, but other strategies to help improve housing affordability may be on the table. These could include minimum holding times to qualify for the principal residence exemption or setting thresholds above which gains will be taxes. Enforcing foreign ownership taxation is another possibility.
Taxpayer's always!
If you don’t know who is picking up the tab look to your family owned business, small to medium corporations and regular tax payers . After this your children and grandchildren.
Just watch his eyes, He’s reading right from a script, what a pathetic joke this government is
We all know who's picking up the tab, just look in the mirror.
We know exactly picking up the tab......taxpayer ...
Everyone who pays taxes in this country is picking up the tab!!! Who else would be? Just the Canadian taxpayers!!! There is no money tree on the hill, no matter what the Liberal govt thinks!
People. How many times do I have to say it, BUDGETS BALANCE THEMSELVES. Now, my hair, nice, right?
Really the author or editor does not know government gets all its money from taxpayers?
The Canadian government is so that Canadians don’t have too. Remember?!?
This government makes me sick. Can we end it already? Or are morons still considering 4 more years of this
She is praying that we all accept the ineptitude of the Liberals!
If the government is already bankrupt then printing money and throwing it around is easy to appease the people and stay in power. If you are bankrupt, you don't have to pay it back. Spend, spend. Buy anything that moves. The BOC is buying the Canadian bonds and assets.
The taxpayer will be picking up the tab and paying for all this largesse.
Canada budget
I mean, c'mon... It's not that difficult to figure out who's debt this will be?