In this episode, host Jason Pereira discusses the Federal Budget with Guy Anderson. He is a portfolio manager mainly focused on financial planning.
Episode Highlights:
- 01.37: Jason shares that they have the first budget in two years from this government.
- 02.14: Guy agrees with Jason introduction on the Federal Budget. He says that it was indeed huge, it is $101 billion in new funding initiative.
- 04.10: Jason points out with introduction of child care program, we can expect an expansion in the workforce and also in the number of work hours.
- 05.45: Jason talks about numerous programs that were going to expire in June. They have now been extended. Canada Recovery Caregiving Benefit, Rent Subsidy and Wage Subsidy for Businesses are some of the benefits that were extended.
- 06.51: Jason talks about the $450 million VC funding pool being put together for the next 5 years. Number of start-ups leading by women or people of colour being funded by the VC is extremely low in number.
- 08.10: They discusses the cut in tax for businesses that are working on reducing emission.
- 9.28: Jason shares his views on minimum wage increase. He thinks that this is not a huge headline unlike in the US.
- 10.40: Guy points towards the other side of the it i.e.; increase in hiring programs.
- 11.24: They discuss what the budget means to life science and how that affects business owners.
- 12.00: Guy is a little surprised on the bump-up in the senior security amount.
- 15.42: Jason sees a big boost in the re-sale market of luxury cars.
- 17.22: Guy talks about the vacant home tax. Jason discusses how property tax in this country is low as compared to others.
3 Key Points:
- Jason and Guy discusses the cost benefit of the budget, also talks about the national day care and early child care program.
- They talk about what the budget means by COVID relief?
- Jason says “There is not much to talk about tax as the government played a bit safe on that front.” He breakdown the tax breakages and also talks about the new taxes.
Tweetable Quotes:
- “The fact that money is now being allocated to women and people of colour to empower them is a great idea.” - Jason Pereira
- “Due to COVID, small business have been really hurt.” - Guy Anderson
- “Enjoy the spending bonanza budget, next one will probably be not so friendly. - Jason Pereira
Resources Mentioned:
Transcript
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