Thank the gods Carney cut the luxury yacht tax, eh?
No longer will people buying a yacht worth over a quarter of a million dollars be saddled with a luxury tax. Ditto your private jet or helicopter with a value above $100,000. Whew.
Corporations will enjoy a “super-reduction” of more than 2% points to Canada’s marginal effective tax rate, and the 1% tax on foreign-owned vacant housing is gone.
Trudeau's proposed increase to the inclusion rate on the capital gains tax is also scrapped.
At least they didn't call it the Canada Strong & Free & Proud Budget. #cdnpoli