Canadian Financial News - Saving For A Down Payment

Canadian Financial News

There’s always a lot going on in the financial sector, so i thought i’d begin doing weekly roundups of important items for you to read.

1. The Liberal Party of Canada announced two new policies on Monday, which included a change in tax brackets, which they’re calling a “Tax Break for the Middle Class” and a reform of benefit programs for families into a new “Canada Child Benefit.”  – MoneySense

2. Critics denounced the passing of the Anti-Terrorism Act in the House of Commons last week, saying the legislation will impede on Canadians’ freedom of expression and religion. With all the uproar, a key change in the Income Tax Act went largely unnoticed. Under Bill C-51, the Canada Revenue Agency (CRA) has been given permission to share your income tax filings with 13 additional government agencies.  – MoneySense

3. Consumer advocates are raising concerns about the escalating use of home equity lines of credit, warning that many people are finding it hard to resist the temptation of such a huge and easily accessible borrowing option. – Globe & Mail