2024 Federal Budget: Unintended Consequences‪?‬ Debt Free in 30

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