504 – 2024 Federal Budget: Unintended Consquences?
Debt Free in 30 · Doug Hoyes
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Show Notes
Doug and Ted sit down to chat about the 2024 federal budget. Believe it or not Doug actually read the entire budget! They discuss taxes, what a budget means, making tax filing automatic, government single sign-in portal, reducing CRA call centre wait times, NSF fees, free and affordable bank accounts, cell phone charges, credit reports, and payday loans. They also get into detail about how credit for paying rent will impact Canadians.
Timestamps:
00:00 Documentary announcement
02:37 Why should you care about the Federal budget?
03:00 Taxes
06:28 What is a budget?
08:07 Automatic tax filing for low-income Canadians
10:29 Single sign in portal for government services
11:35 Reduce CRA call centre wait times
12:07 NSF Fees
14:23 Free and affordable bank accounts
17:47 Cell phone fees
18:38 Credit for paying rent
24:12 Credit utilization for rent
26:10 Student housing
27:45 Credit bureaus
29:03 Payday loans
29:55 Final thoughts
Related Links:
Should Rent Be a Part of a Credit Score?: https://www.hoyes.com/blog/should-rent-be-a-part-of-a-credit-score/
Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html
TurboTax Personal Tax Calculator: https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator.jsp
Bretton Woods and Related Agreements Act: https://laws-lois.justice.gc.ca/eng/acts/b-7/index.html