2024 Federal Budget: Could it Hurt Canadians More than Help

In this episode we discuss the 2024 federal budget. 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 are among the focal points of our discussion. Additionally, we look into how credit for paying rent will affect 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?: www.hoyes.com/blog/should-ren...
Federal Budget 2024: budget.canada.ca/2024/home-ac...
TurboTax Personal Tax Calculator: turbotax.intuit.ca/tax-resour...
Bretton Woods and Related Agreements Act: laws-lois.justice.gc.ca/eng/a...
#FederalBudget #CanadianFederalBudget #Budget #News #federalbudget

[@seansmith3267]

Excellent show and thanks for "exposing" the pitfalls of the recent budget and talking about the credit building with rent.

[@bubbajay1934]

If my kids are over 18, and still living at home, will I be able to report positive credit reports to the bureau to boost their credit rating?