Increase in capital gains tax, increase in the withdrawal limit under the HBP, an automatic RESP… and a deficit of 40 billion. Here are articles and columns that deal with the 2024 federal budget.
Six keys to budgeting
PHOTO BERNARD BRAULT, LA PRESSE ARCHIVES
Finance Minister Chrystia Freeland tabled her fourth budget on Tuesday. Our journalist presents the main points.
Read the article by journalist Mylène Crête
Turning the screw on capital gains: sell quickly to save on taxes
Cottages, second homes, stocks… You have about two months left to sell this type of asset before having to pay more capital gains tax – a first turn of the screw of its kind in a quarter of a century. Tens of billions in profits are likely to be made by then.
Read the article by journalist Julien Arsenault
Housing, the star of the budget
Housing was announced as one of the main themes of the budget, and it is: the word appears 564 times. Despite the pre-budget stripping, new stones are being added to the edifice that the Liberals had started to build. A look back at the “old” ads and the tenant’s (owner’s?) overview of certain key measures.
Read the article by journalist Mélanie Marquis
What’s moving in your wallet
PHOTO ALAIN ROBERGE, LA PRESSE ARCHIVES
For new purchases starting Tuesday, the withdrawal limit under the Home Buyers’ Plan (HBP) increases from $35,000 to $60,000.
Our journalist presents six measures that have a financial impact on taxpayers.
Read the article by journalist Karim Benssaiseh
Pension funds: a committee to stimulate investment
PHOTO PATRICK SANFACON, THE PRESS
The federal government wants to encourage pension fund managers to invest more in the country.
The Trudeau government has not remained indifferent to calls from the business community to encourage Canadian pension managers to invest more in the country. He mandates a group to look into the issue, but it is unclear when a move could be made.
Read the article by journalist Julien Arsenault
The Magic of Freeland
PHOTO PATRICK DOYLE, REUTERS
Finance Minister Chrystia Freeland
After the plethora of announcements in recent weeks, we expected a boom in the federal deficit, literally. However, this is not the case, Chrystia Freeland’s deficit remains stable at “only” 40 billion dollars.
Columnist Francis Vailles
Read the column by Francis Vailles
Canada Learning Bond: up to $2,000 automatically paid to children
PHOTO ALAIN ROBERGE, LA PRESSE ARCHIVES
Ottawa will itself open Registered Education Savings Plans (RESPs) for children to pay in the CLBs to which they are entitled.
Unfortunately, each year, 130,000 disadvantaged children who would be entitled to a BEC do not benefit from it. Despite its charming acronym, the Canada Learning Bond is still sorely lacking in notoriety, two decades after its creation. Low-income families are thus depriving themselves of a gift of up to $2,000, not counting the returns that accumulate over the years. This problem will finally be resolved.
Columnist Marie-Eve Fournier
Read Marie-Eve Fournier’s column
Chrystia Freeland’s bet
PHOTO JUSTIN TANG, THE CANADIAN PRESS
Finance Minister Chrystia Freeland
New expenses. New taxes. No return to balanced budget on the horizon. And a clear signal to young people worried about the cost of living that Ottawa cares about their fate and is moving heaven and earth to resolve the housing crisis.
Read the article by journalist Joël-Denis Bellavance
The price of indiscipline
PHOTO PATRICK DOYLE, REUTERS
Prime Minister of Canada Justin Trudeau and Minister of Finance Chrystia Freeland
Was it Christmas in April in Ottawa? No, but there were gifts for everyone in the copious 483-page budget tabled on Tuesday by the Trudeau government, which is desperately seeking to climb back up in the polls.
Editorialist Stéphanie Grammond
Read Stéphanie Grammond’s editorial
reference: www.lapresse.ca