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The Federal Budget Stays the Course ~ 21 March 2013

By
Commercial Real Estate Agent with RE/MAX West Realty Inc., Brokerage (Toronto)

       Ottawa       

Ontario Real Estate Source     

                     

By Brian Madigan LL.B.

 

 

By Brian Madigan LL.B.

 

This Conservative Budget stays the course. Really, there’s not that much to get excited about, but there are some important features:

 

1) No surprises; that’s good news

 

2) Funding for job training; the more people who are making money and paying taxes the better ($5000 per person to be matched by provinces and employers)

 

3) The federal government’s annual budget will be balanced by 2015 (it’s on course now, and half of what it was)

 

4) Funding on infrastructure in municipalities; $47 Billion over the next decade

 

All in all, it’s a “stay the course” budget. It’s good news. The banking system is intact, and no one thinks that Canada is at financial risk.

 

That makes investing in CANADA an opportunity. And, just because you are here, don’t miss the obvious. Look at the mess in Ireland, Spain, Portugal, Italy, Greece and Cyprus!

 

Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through RE/MAX West Realty Inc., Brokerage 416-745-2300.
www.iSourceRealEstate.com

 

Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Brian - at first blush it seems to be a good one but I am sure there is a lot more to it that will get analyzed over the next few days

Mar 21, 2013 02:33 PM
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

It was a very low key budget Brian, not too much for the opposition to snipe at, (although Mulcair will do his best to find some points to be righteously indignant about).

Mar 22, 2013 03:56 AM
FN LN
Toronto, ON

Hi Brian - There was at least one item in the budget that will cause the total tax liability of many taxpayers, including individuals, to increase a bit.  I was surprised that it was in the budget.

Otherwise, most of the tax items in the budget would not be of general interest to readers of a real estate blog.  I read one big accounting firm summary that was eight pages long.

Mar 23, 2013 11:19 AM