Federal budget 2019: Eight ways the budget will affect your personal finances GlobeMoney
The federal budget doubles down on help for first-time homebuyers, but it also sets its sights on students, environmentally minded car buyers, low-income seniors and people worried about outliving their money in retirement.
Pre-election budgets are like that. Something for everyone. Here’s a rundown of the main groups who will be affected by personal finance measures in the budget:Under a new program called the First-Time Home Buyer Incentive, a fund administered by Canada Mortgage and Housing Corp. will provide 5 per cent of the cost of an existing home and 10 per cent of a new home through what amounts to an interest-free loan to be repaid when the property is sold.
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