immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

General Motors and Contingency Fund

: The federal contingency fund drops to $1 billion in 2015-16, returning to $3 billion by 2019, according to Toronto Star. The small business tax rate drops from 11 per cent to 9 per cent by 2019. The sale of the government General Motors shares, purchased in 2009 as part of an effort to help the auto industry weather the storm in the wake of the 2008 recession, generated a net gain of $2.1 billion. An additional $11.8 billion for the Canadian military over 10 years, starting in 2017. Changing the rules governing registered retirement income funds, or RRIFs, to allow seniors to preserve their retirement nest eggs for longer. Up to $360.3 million for the extended and expanded mission against the Islamic State of Iraq and the Levant, and $7.1 million for the recently announced military training mission in Ukraine.$23 million over four years to upgrade security at Canada military bases.$292.6 million over five years for the RCMP, the Canadian Security Intelligence Service and Communications Security Establishment to fight terrorism and enforce the government new anti-terror law.$12.5 million over five years, followed by an additional $2.5 million a year, for the Security Intelligence Review Committee, which oversees CSIS.$58 million over five years to better protect computer networks and critical infrastructure against cyberattacks, and $36.4 million over five years to address cybersecurity threats.$60.4 million over three years to buttress Parliament Hill security, $27 million over give years for tighter security at federal court and registry offices, and $10 million over five years for Ottawa police. (www.immigrantscanada.com). As reported in the news.