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What is your take on it?
• Increasing the basic personal amount that all Canadians can earn without paying federal income tax. - Good
• Raising the upper limit of the two lowest personal income tax brackets by 7.5 per cent so that Canadians can earn more at lower tax rates. - Good
• Increasing the amount that low- and middle-income families can earn before their federal child benefits are phased out. - Good
• Investing $580 million to effectively double the tax relief provided by the Working Income Tax Benefit. - Good
• Providing tax savings of up to $150 a year for seniors by increasing the Age Credit amount by $1,000. - Good
• The temporary Home Renovation Tax Credit of up to $1,350 for eligible home renovations and alterations. - Would like it to not be temporary.
• An increase to the Home Buyers’ Plan withdrawal limit to $25,000 from $20,000 to help Canadians buy a first home. - Good
• A new First-Time Home Buyers’ Tax Credit that will provide up to $750 in tax relief when purchasing a first home. - Good
• $300 million over two years to the ecoENERGY Retrofit program. - Great, but how about something similar for NEW construction
• $1 billion over two years for renovation and energy retrofits to social housing. - Good
• $400 million over two years to build housing for low-income seniors. - Good
• $75 million over two years to build social housing for persons with disabilities. - Good
• $200 million over two years to support social housing in the North. - Good
• $2 billion over two years in low-cost loans to municipalities to improve housing-related infrastructure. - Good
• $1 billion over five years for a green infrastructure fund. - Okay
• Up to $500 million over the next two years to accelerate infrastructure projects in small communities. - Good
• $1 billion over two years to expedite new “ready-to-go” provincial, territorial and municipal projects. - Good
• $4 billion over two years to restore aging infrastructure.- Good
• $500 million over two years to Recreational Infrastructure Canada (RInC) to build and renew community recreational facilities. - Good
• $2 billion for repair, maintenance and construction of post-secondary institutions. - Good
• $750 million to the Canada Foundation for Innovation to support leading-edge research infrastructure. - Good
• $50 million to the Institute for Quantum Computing for a new research facility. - Good
• $250 million over two years for deferred maintenance at federal laboratories. - Um... okay, should maintenance have EVER been "deferred" (Which is probably their way of saying "lets not fix it until it's a bigger problem, then call it economic stimulus")
• $500 million to Canada Health Infoway for electronic health records. - Mixed opinion on this, I think it's great if a system can be secure
• $225 million over three years to extend broadband coverage to unserved communities. - How much do you want to bet this will go to Rogers (in eastern Canada) and Shaw (in Western Canada)?
• $407 million for improvements to VIA Rail service. - Great!
• $72 million over five years to improve railway safety. - Great!
• $130 million to Parks Canada for Trans-Canada Highway twinning. Okay
• $150 million for visitor improvements and upgrades to Parks Canada. - Good
• $212 million to renew the Champlain Bridge in Montréal. - Good
• $57 million for the renewal of other key federal bridges across Canada. - Good
• $80 million over three years to expand and modernize border service facilities. - Good
• $217 million for core commercial fishing harbours across Canada. - No opinion
• $323 million over two years to restore federal buildings. - Good
• $87 million over two years for key Arctic research facilities. - Good
• $20 million in each of two years to improve the accessibility of federally owned buildings for persons with disabilities. - Good
• $296 million to enhance air passenger security. - Unsure, is it REALLY bad enough to need another 1/4 BILLION dollars?
• $1 billion for clean energy research, development and demonstration projects. - Good
• $110 million over three years for space robotics research and development. - Good
• $81 million over two years to accelerate the cleanup of federal contaminated sites. - Good
• $10 million to improve government environmental reporting. - Good
• A 14-week extension of work-sharing agreements to a one-year maximum. - Okay
• $50 million over two years to cover severance pay owed to eligible employees of bankrupt companies. - Good.
• A five-week extension to all regular Employment Insurance (EI) benefits for two years. - Good
• Continued low EI premium rates of $1.73 for 2009 and 2010, providing relief of $4.5 billion over two years. - Good
• $500 million to extend EI benefits for workers in longer-term training. - Good
• $1.5 billion over two years for EI and non-EI training programs. - Good
• $55 million over two years for youth employment. - Good
• $60 million over three years for the Targeted Initiative for Older Workers. - Good
• $40 million a year to launch the $2,000 Apprenticeship Completion Grant. - Good
• $87.5 million over three years to expand the Canada Graduate Scholarships program. - Great, med school is expensive and we have a shortage of doctors.
• $50 million for a foreign credential recognition framework. - Didn't I already say we need this? YAY!
• An additional $50 billion for the Insured Mortgage Purchase Program, increasing its size to $125 billion. - Needed as people buy more expensive houses, not economic stimulus.
• $13 billion to increase the lending of Crown corporations, of which $5 billion will be delivered through the new Business Credit Availability Program. - Okay
• $12 billion for a Canadian Secured Credit Facility to support financing of vehicles and equipment. - Good
• An increase in the loan limit for small businesses under the Canada Small Business Financing Program. - Good
• Broadened Government authority to promote financial stability. - Good
• Support for the transition to a Canadian securities regulator with willing provinces and territories. - Definitely needed!
• Better disclosure and business practices in consumer finance. - Great!
• A two-year, 100-per-cent capital cost allowance (CCA) rate for investment in computers. - Not really needed
• A two-year extension of the temporary 50-per-cent straight-line accelerated CCA rate to investment in manufacturing or processing machinery and equipment undertaken in 2010 and 2011. - Good
• Over $440 million in savings for Canadian industry over the next five years by eliminating tariffs on a range of machinery and equipment. -Good
• $170 million over two years to support innovation and marketing for the forestry sector. -Good
• $500 million over five years to facilitate new agricultural initiatives. -Good
• $50 million over three years to strengthen slaughterhouse capacity. -No opinion
• $175 million to buy new coast guard vessels and refurbish aging vessels. -Good
• Over $335 million over two years for cultural and arts programs, including television, print media, museums, libraries and local theatres. - Great!
• $40 million over two years for tourism marketing activities. - Good
• $50 million per year for marquee festivals and other tourist events. - Good
• An increase to $500,000 in the amount of small business income eligible for the reduced federal tax rate of 11 per cent. -Okay
• $30 million over two years for the Canada Business Network. -Okay
• $200 million over two years to support industrial research for small and medium-size businesses. -Good
• More than $1 billion over five years for a Southern Ontario development agency to support economic development in Southern and Eastern Ontario. -Good
• $1 billion over two years for a Community Adjustment Fund to lessen the impact of economic adjustment. - Good
• $50 million for a new regional agency, and economic development in the North. - Good
• A one-year extension of the temporary 15-per-cent mineral exploration tax credit. - Good
• $515 million over two years to accelerate “ready-to-go” First Nations projects in three priority areas: schools, water, and critical community services. -Good
• $400 million over two years for social housing for First Nations on reserves. -Good
• $100 million over three years in the Aboriginal Skills and Employment Partnership. -Good
• $75 million in a two-year Aboriginal Skills and Training Strategic Investment Fund. -Good
• $305 million over two years to improve health outcomes for First Nations and Inuit people. -Good
• $20 million over two years to improve child and family services on reserves. - Good
It's missing:
- Energy Sustainability (actually, anything for progression of clean energy)
- Environmentally-friendly home development
- Not enough education for laid off workers
- Public transit funding
And I'm REALLY not a fan of the $80 BILLION dollar deficit. If I was an MP, I would be voting against this budget.
• Increasing the basic personal amount that all Canadians can earn without paying federal income tax. - Good
• Raising the upper limit of the two lowest personal income tax brackets by 7.5 per cent so that Canadians can earn more at lower tax rates. - Good
• Increasing the amount that low- and middle-income families can earn before their federal child benefits are phased out. - Good
• Investing $580 million to effectively double the tax relief provided by the Working Income Tax Benefit. - Good
• Providing tax savings of up to $150 a year for seniors by increasing the Age Credit amount by $1,000. - Good
• The temporary Home Renovation Tax Credit of up to $1,350 for eligible home renovations and alterations. - Would like it to not be temporary.
• An increase to the Home Buyers’ Plan withdrawal limit to $25,000 from $20,000 to help Canadians buy a first home. - Good
• A new First-Time Home Buyers’ Tax Credit that will provide up to $750 in tax relief when purchasing a first home. - Good
• $300 million over two years to the ecoENERGY Retrofit program. - Great, but how about something similar for NEW construction
• $1 billion over two years for renovation and energy retrofits to social housing. - Good
• $400 million over two years to build housing for low-income seniors. - Good
• $75 million over two years to build social housing for persons with disabilities. - Good
• $200 million over two years to support social housing in the North. - Good
• $2 billion over two years in low-cost loans to municipalities to improve housing-related infrastructure. - Good
• $1 billion over five years for a green infrastructure fund. - Okay
• Up to $500 million over the next two years to accelerate infrastructure projects in small communities. - Good
• $1 billion over two years to expedite new “ready-to-go” provincial, territorial and municipal projects. - Good
• $4 billion over two years to restore aging infrastructure.- Good
• $500 million over two years to Recreational Infrastructure Canada (RInC) to build and renew community recreational facilities. - Good
• $2 billion for repair, maintenance and construction of post-secondary institutions. - Good
• $750 million to the Canada Foundation for Innovation to support leading-edge research infrastructure. - Good
• $50 million to the Institute for Quantum Computing for a new research facility. - Good
• $250 million over two years for deferred maintenance at federal laboratories. - Um... okay, should maintenance have EVER been "deferred" (Which is probably their way of saying "lets not fix it until it's a bigger problem, then call it economic stimulus")
• $500 million to Canada Health Infoway for electronic health records. - Mixed opinion on this, I think it's great if a system can be secure
• $225 million over three years to extend broadband coverage to unserved communities. - How much do you want to bet this will go to Rogers (in eastern Canada) and Shaw (in Western Canada)?
• $407 million for improvements to VIA Rail service. - Great!
• $72 million over five years to improve railway safety. - Great!
• $130 million to Parks Canada for Trans-Canada Highway twinning. Okay
• $150 million for visitor improvements and upgrades to Parks Canada. - Good
• $212 million to renew the Champlain Bridge in Montréal. - Good
• $57 million for the renewal of other key federal bridges across Canada. - Good
• $80 million over three years to expand and modernize border service facilities. - Good
• $217 million for core commercial fishing harbours across Canada. - No opinion
• $323 million over two years to restore federal buildings. - Good
• $87 million over two years for key Arctic research facilities. - Good
• $20 million in each of two years to improve the accessibility of federally owned buildings for persons with disabilities. - Good
• $296 million to enhance air passenger security. - Unsure, is it REALLY bad enough to need another 1/4 BILLION dollars?
• $1 billion for clean energy research, development and demonstration projects. - Good
• $110 million over three years for space robotics research and development. - Good
• $81 million over two years to accelerate the cleanup of federal contaminated sites. - Good
• $10 million to improve government environmental reporting. - Good
• A 14-week extension of work-sharing agreements to a one-year maximum. - Okay
• $50 million over two years to cover severance pay owed to eligible employees of bankrupt companies. - Good.
• A five-week extension to all regular Employment Insurance (EI) benefits for two years. - Good
• Continued low EI premium rates of $1.73 for 2009 and 2010, providing relief of $4.5 billion over two years. - Good
• $500 million to extend EI benefits for workers in longer-term training. - Good
• $1.5 billion over two years for EI and non-EI training programs. - Good
• $55 million over two years for youth employment. - Good
• $60 million over three years for the Targeted Initiative for Older Workers. - Good
• $40 million a year to launch the $2,000 Apprenticeship Completion Grant. - Good
• $87.5 million over three years to expand the Canada Graduate Scholarships program. - Great, med school is expensive and we have a shortage of doctors.
• $50 million for a foreign credential recognition framework. - Didn't I already say we need this? YAY!
• An additional $50 billion for the Insured Mortgage Purchase Program, increasing its size to $125 billion. - Needed as people buy more expensive houses, not economic stimulus.
• $13 billion to increase the lending of Crown corporations, of which $5 billion will be delivered through the new Business Credit Availability Program. - Okay
• $12 billion for a Canadian Secured Credit Facility to support financing of vehicles and equipment. - Good
• An increase in the loan limit for small businesses under the Canada Small Business Financing Program. - Good
• Broadened Government authority to promote financial stability. - Good
• Support for the transition to a Canadian securities regulator with willing provinces and territories. - Definitely needed!
• Better disclosure and business practices in consumer finance. - Great!
• A two-year, 100-per-cent capital cost allowance (CCA) rate for investment in computers. - Not really needed
• A two-year extension of the temporary 50-per-cent straight-line accelerated CCA rate to investment in manufacturing or processing machinery and equipment undertaken in 2010 and 2011. - Good
• Over $440 million in savings for Canadian industry over the next five years by eliminating tariffs on a range of machinery and equipment. -Good
• $170 million over two years to support innovation and marketing for the forestry sector. -Good
• $500 million over five years to facilitate new agricultural initiatives. -Good
• $50 million over three years to strengthen slaughterhouse capacity. -No opinion
• $175 million to buy new coast guard vessels and refurbish aging vessels. -Good
• Over $335 million over two years for cultural and arts programs, including television, print media, museums, libraries and local theatres. - Great!
• $40 million over two years for tourism marketing activities. - Good
• $50 million per year for marquee festivals and other tourist events. - Good
• An increase to $500,000 in the amount of small business income eligible for the reduced federal tax rate of 11 per cent. -Okay
• $30 million over two years for the Canada Business Network. -Okay
• $200 million over two years to support industrial research for small and medium-size businesses. -Good
• More than $1 billion over five years for a Southern Ontario development agency to support economic development in Southern and Eastern Ontario. -Good
• $1 billion over two years for a Community Adjustment Fund to lessen the impact of economic adjustment. - Good
• $50 million for a new regional agency, and economic development in the North. - Good
• A one-year extension of the temporary 15-per-cent mineral exploration tax credit. - Good
• $515 million over two years to accelerate “ready-to-go” First Nations projects in three priority areas: schools, water, and critical community services. -Good
• $400 million over two years for social housing for First Nations on reserves. -Good
• $100 million over three years in the Aboriginal Skills and Employment Partnership. -Good
• $75 million in a two-year Aboriginal Skills and Training Strategic Investment Fund. -Good
• $305 million over two years to improve health outcomes for First Nations and Inuit people. -Good
• $20 million over two years to improve child and family services on reserves. - Good
It's missing:
- Energy Sustainability (actually, anything for progression of clean energy)
- Environmentally-friendly home development
- Not enough education for laid off workers
- Public transit funding
And I'm REALLY not a fan of the $80 BILLION dollar deficit. If I was an MP, I would be voting against this budget.