Mark Carney is billing his first budget as an "investment budget," but with plans to eliminate 40,000 jobs in the federal public service and cut $60 billion in program spending, is this really an "investment budget" or is it an austerity budget? The 2025 federal budget gives Canadians a first look at the details behind Carney's plans to have federal departments cut 15% in spending, reduce the federal workforce by 10% and spend tens of billions of dollars on so-called "nation-building projects...
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Mark Carney is billing his first budget as an "investment budget," but with plans to eliminate 40,000 jobs in the federal public service and cut $60 billion in program spending, is this really an "investment budget" or is it an austerity budget? The 2025 federal budget gives Canadians a first look at the details behind Carney's plans to have federal departments cut 15% in spending, reduce the federal workforce by 10% and spend tens of billions of dollars on so-called "nation-building projects...
Capital Gains Taxes: What Are They and Why Are Canada’s Ultra Rich Freaking Out?
PressProgress Sources
52 minutes
1 year ago
Capital Gains Taxes: What Are They and Why Are Canada’s Ultra Rich Freaking Out?
Capital gains – what are they and why is everyone talking about them?This year’s federal budget, released on April 16, is rolling out changes to the way capital gains are taxed in order to make wealthy Canadians “pay their fair share.”According to Finance Canada, these changes are targeted at the wealthiest of the wealthy – Canada’s top 0.13%, a group of approximately 40,000 Canadians with average incomes of 1.4 million dollars.As one can imagine, the capital gains tax changes are already gen...
PressProgress Sources
Mark Carney is billing his first budget as an "investment budget," but with plans to eliminate 40,000 jobs in the federal public service and cut $60 billion in program spending, is this really an "investment budget" or is it an austerity budget? The 2025 federal budget gives Canadians a first look at the details behind Carney's plans to have federal departments cut 15% in spending, reduce the federal workforce by 10% and spend tens of billions of dollars on so-called "nation-building projects...
