The budget outlined a smattering of small tax benefits and consumer protection measures
The Trudeau government had already announced a slew of affordability initiatives ahead of the release of its 2024 federal budget, but there were also a number of pocketbook measures in the spending plan that Ottawa had mostly kept mum about.
Aside from the well-telegraphed array of new housing policies, the budget outlined a smattering of small tax benefits and consumer protection measures, from tweaks to the alternative minimum tax to changes to registered education savings plans .Raising taxes on capital gains With the new inclusion rate, two-thirds – or 66.7 per cent – of an individual’s annual capital gain above $250,000 would be taxable.
It will provide $2,400 a year to Canadians between the ages of 18 and 64. But eligibility for the benefit will be tied to the Disability Tax Credit, which has been widely criticized for being difficult to access for many Canadians with disabilities.
Budget Cent Ottawa Government Benefit Amt Capital Ottawa Canada Trudeau
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