2017 Federal Budget

March 23, 2017

The Liberal government delivered its second fiscal budget after the market closed on Wednesday. Here is a simplified list of who are the winners and losers from its plan:

Winners

  • Investors: Speculation for the past several weeks suggested that an increase in the capital gains inclusion tax from 50% to 66% or 75% was a possibility. No changes were made. In addition, the government has eliminated Canada Savings Bonds.
  • Cities: $11 billion of previously committed infrastructure for affordable housing was announced.

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