During the 2015 election campaign, the Liberals promised to expand the HBP to allow those affected by major life events to borrow a down payment from their RRSPs without incurring a penalty
Canada’s jobless rate drops to 5.9%
Central bank signals more hikes likely over time
Child-benefit payments will start rising with the cost of living two years earlier than initially promised
The Working Income Tax Benefit will also likely be increased
The money could be used to pay down the deficit, or to fund new spending
Retail sales contract in August
Only 3% of the “most wealthy” privately owned corporations will have to pay higher taxes
Firms expect faster sales growth
Most provinces face bigger fiscal woes, says a report from the federal budget watchdog