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:
- 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.