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(Dirk Meissner/CP)OTTAWA – The Trudeau government is planning to spend billions more on the navy’s four wayward submarines to keep them operating into the 2030s.
The plan to extend the lives of the troubled vessels is included in the Liberals’ new defence policy and comes following calls from senior naval officers to save the controversial ships from the scrap heap.
The actual price of the plan was not revealed in the policy document, which was released to much fanfare last week, and National Defence refused to provide a price tag following multiple requests.
That is despite assertions from the Liberal government that the defence policy was fully costed and following promises of full transparency when it came to the overall plan.
“Detailed costing will be provided in the Defence Investment Plan to be published in due course,” National Defence spokesman Daniel Le Bouthillier said in an email.
Defence sources, however, have told The Canadian Press that keeping the submarines in the water for another decade will cost upwards of $2…
Canada's millionaire club swells, along with share of nation's wealth
– theglobeandmail.com
Is a foreign buyers tax needed? Generations disagree
– moneysense.ca
It’s been of the hottest topics this year in provincial politics in both British Columbia and Ontario. How do you cool an overheated real estate market? Both provinces have implemented a 15 per cent foreign buyers tax as a partial solution. Different generations are likely reacting very differently to the new levy, according to a poll conducted as part of The Canada Project. Baby boomers and millennials have different opinions on the efficacy of this tax and how it will affect their ability to purchase a home.
Fully 82 per cent of baby boomers said they either “support or “strongly support” the foreign buyers tax compared to millennial respondents where only 69 per cent did so. It’s an odd outcome. Foreign buyers actually raise house prices, thus helping boomers, who are more likely to be homeowners, and hurting millennials, who are more likely to be looking for a first home.
So what’s happening here? “What this shows is that people aren’t making the connection with how the foreign buyers tax will affect their bottom line,” says Romana King, Director of Content at Zolo…
