Mortgage Broker

Spring 2014

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

Issue link:

Contents of this Issue


Page 13 of 47

14 | spring 2014 MortgageBroker Canada's federal budget is always a source of useful information for all business sectors, including the mortgage industry; however, finding it takes time and patience. e government tends to emphasize the big picture positives as former (late) finance minister Jim Flaherty did when he presented the latest budget in February. He highlighted programs such as the Canada Apprentice Loan, the Canada Job Grant and Job Matching Service as well as $1.5 billion over the next decade for the Canada First Research Excellence Fund. Media commentators on the other hand focus on issues that tend to have the biggest impact on consumers and the general public. e Globe and Mail, for example, selected "10 key priorities" including higher taxes on tobacco products, less "red tape" for cra beer breweries, changes to Senate pension rules, the creation of a Canada First Research Excellence Fund for post- secondary institutions, extending student aid to apprentices in their first Red Seal training program (a certification that provides Canada-wide mobility for skilled workers), and legislative changes to regulate Bitcoin. While priorities like these may interest a wide range of Canadians, digging deeper in the budget documents oen reveals information that is equally important to specific business sectors, such as mortgage brokers. While much of this information comes from government-generated publications and one has to appreciate it accordingly, here are some of the gems. Digging into the federal budget unearths some gems of interest to the mortgage brokering community Federal Budget Priorities By Ray Basi p14-17_FinancialPriority.indd 14 14-05-08 2:37 PM

Articles in this issue

Links on this page

Archives of this issue

view archives of Mortgage Broker - Spring 2014