Voyageur 28
Voyageur 28
News for residents of the “11th province”: Canadians abroad.
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Retirees Face New Pressures from Policy Shifts
Canada's economic policies, including increased capital gains taxes and stringent regulatory changes across banking, telecommunications, and energy sectors, are making retirees and investors look abroad for better returns. The 2024 federal budget's capital gains tax adjustments are reducing the attractiveness of domestic equity, with many choosing to diversify internationally to protect their investments. The last few weeks has seen more and more talk about diminishing local investment opportunities and potential impacts on retirement income.
Read more: The Globe and Mail
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Is More Gov’t Needed to Address Challenges?
In a pre-budget rollout, Finance Minister Chrystia Freeland talked about the need for Canada to fulfill its promise to younger generations. She argued for increased federal involvement in addressing issues like housing, health care, and climate change. Freeland spoke on the importance of a strong federal government to counter provincial actions that often undermine national initiatives. The argument is made that, rather than scaling back, the federal government should adopt a more vigorous role, akin to Pierre Trudeau's era, to tackle pressing challenges and maintain national unity. More Canada, not less.
Read more: National Observer