BudgetGood news for the likes of SU as there is no excess profits tax..
Like I said in the previous post, the Government plans to pay for the extra spending with a new higher assumption (repeat...assumption) on economic growth.
In terms of taxes, can me a skeptic, but I don't see how they will raise billions by increasing the inclusion rate on capital gains for .13% of Canadians by using the higher rates on capital gains greater than $250K. People will in this category will simply adjust their tax planning to avoid the higher rate.
As for companies paying higher capital gains, this just sounds good but in practical terms, larger companies with international operations will avoid this by moving money/income around through their corporate structure from one country to another.
Meanwhile, as discussed here prviously, the housing initiatives will just increase the cost of homes and add to inflation.
On top of this we still have to wait for the cost of pharmacare.