11°c A few clouds
18°c Sunny
The Canadian Press - ONLINE EDITION
Five ways the federal budget may affect you
Copies of the Federal Budget are pilled on a desk on Parliament Hill in Ottawa on Thursday March 21, 2013. THE CANADIAN PRESS/Adrian Wyld
OTTAWA - FIVE WAYS THE FEDERAL BUDGET MAY AFFECT YOU
1. If you play sports, equipment might be cheaper.
The government is eliminating the tariff on imported sports equipment. That could save you anywhere from 2.5 per cent to 20 per cent of the cost of golf clubs, snowboards, hockey equipment and exercise devices. Provided, of course, the retailer passes those cost savings on to you.
2. If you're a new parent, baby clothes might be cheaper.
That same tariff reduction could also see a reduction of 18 per cent off the price of imported baby clothes.
3. If you require or use home care services, you'll save money.
The government is broadening its GST/HST exemption to include homemaker services like bathing, feeding and other personal care. A potential boon for people with disabilities and families caring for aging parents.
4. If you roll your own cigarettes, be prepared to pay more.
The special duty rate attached to tobacco used for chewing and in roll-your-own cigarettes is gone. That means a near-doubling of the duty costs, from $2.89 per 50 grams to $5.31.
5. If you want to adopt, the process might be cheaper.
Some expenses related to adoption already get tax breaks; the government is extending those breaks to items like mandatory adoption courses. And it applies to all adoptions finalized after 2012.
More Business
- Back to Top
- Return to Business
Poll
Most Popular Business
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- New owner for lumber stores
- Creative industries can fuel a city's economic engine
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Mortgage lobby group says Canadian housing starts will plunge 25-30 per cent by 2015
- Emerging economies seen as key
- Manitoba Movers
- Ex-Ford Motors executives charged in tortures of union workers during Argentina's dictatorship
- North American markets climb on gold, energy gains and positive Fed speeches
- A closer look at the 3 new game consoles from Microsoft, Nintendo and Sony
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Creative industries can fuel a city's economic engine
- New owner for lumber stores
- Bridging the gap
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Ex-'Pegger seeks to grow local businesses
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Local boy leads Great-West
- New owner for lumber stores
- Developers to unveil plans for bold downtown tower
- Bridging the gap
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Ex-'Pegger seeks to grow local businesses
- Boreal Forest conservation negotiations end in failure after three years
- Portage, Winnipeg law firms join forces
- There are lots of I's in 'team'
- Canadian telecom company Telus signs deal to buy Mobilicity for $373 million
- Experts urge buyers to take precautions when buying used cars and trucks
- New owner for lumber stores
- Ex-'Pegger seeks to grow local businesses
- Bridging the gap
- Diversification spurs Exchange Income's growth
- Late deal in workplace sex-harassment case
- Developers to unveil plans for bold downtown tower
- More than a new boss
- Transcona transformation
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- There are lots of I's in 'team'
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- New owner for lumber stores
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.