Federal Budget and Highway 413: What You Need to Know

🏢The federal budget focuses heavily on housing, with investments in infrastructure, homelessness, and housing data collection.

🛣️The federal and provincial governments have reached a compromise on the controversial Highway 413 project, but it may still face opposition and delays.

💰The federal government plans to increase the inclusion rate of the capital gains tax, which has drawn criticism from some in the finance and tax sectors.

🔎The federal government is changing the tax treatment of rental housing to encourage investment in the sector.

🚦The future of the Highway 413 project remains uncertain, as it may face challenges and opposition leading up to the next election.

What are the key highlights of the federal budget?

—The federal budget focuses on housing, with investments in infrastructure, homelessness, and data collection. It also includes changes to the tax treatment of rental housing.

What is the current status of the Highway 413 project?

—The federal and provincial governments have reached a compromise on the project, but it may still face opposition and delays before construction can begin.

What is the impact of the proposed increase in the capital gains tax?

—The increase in the capital gains tax inclusion rate has drawn criticism, with concerns about its impact on investment and the attractiveness of Canada's tech sector.

How will the tax treatment of rental housing change?

—The federal government plans to allow a higher cost of allowance for rental housing, making it a more attractive option for investors.

Will the Highway 413 project be completed before the next election?

—It is uncertain whether the project will be completed before the next election, as it still faces challenges, opposition, and potential delays.

00:01The federal government released its budget, with a major focus on housing.

04:48The federal government reached a compromise with the provincial government on the controversial Highway 413 project.

12:59The federal government plans to increase the inclusion rate of the capital gains tax.

13:57The federal government is changing the tax treatment of rental housing.

16:41The future of the Highway 413 project remains uncertain, as it may face challenges and opposition leading up to the next election.