March 19, 2019
In the worst kept secret since “who shot J.R.?”, the federal Liberal Government’s budget released on March 19, 2019 (“Budget 2019”) focused on investing in the middle class, a.k.a the promise to spend millions on the largest voter groups - millennials and seniors. Trying to distract such voters from the SNC-Lavalin affair and recent resignations, the Government’s pre-election budget involves millions of dollars in promises to the middle class. Here are three things everyone needs to know about Budget 2019:
1. Spend, Spend, Spend
Budget 2019’s first objective is to increase housing affordability and proposes a “First-Time Buyer Incentive” which is a shared equity mortgage. Eligible buyers would receive funding–5% or 10% of the home purchase price—from the Government designed to increase the down payment on the home and lower monthly mortgage costs. The 10% is for newly constructed homes, designed to encourage construction to address housing...
Read More »