Federal Political Update

New Federal Cabinet Ministers important to rental housing issues On October 26, Prime Minister Trudeau’s new cabinet was sworn in. This e-Newsletter sets out some background on the main six Ministers who are of particular relevance to Canada’s rental housing providers. Chrystia Freeland is returning as the Minister of Finance, and Deputy Prime Minister. She has been the Deputy Prime Minister of Canada since 2019, and Minister of Finance since August 2020. Ms. Freeland was first elected as a Member of Parliament from Toronto in July 2013. She was elected as the MP for University—Rosedale in October 2015, [...]

What does the outcome of the Federal Election mean for rental housing providers? The re-election of the Liberals with a minority government will probably lead largely to a continuation of the government’s previous policies. However, we will not know for several weeks who is appointed the new minister responsible for housing. The Liberals promised to raise the Home Buyer’s tax credit from $5,000 to $10,000, and to introduce a First time Home Savings Accounts to allow tax-free savings of up to $40,000 to help prospective home buyers to accumulate their down payments. Other promises were an Accelerator fund to [...]

Election too close to call - vote today! Polls are showing one of the tightest elections in recent memory. The Conservatives and Liberals are neck-and-neck in the race to win the most seats in Parliament. The NDP or the Bloc Quebecois could hold the balance of power. Strategic voting on the left may give the Liberals an unanticipated surge. It's anybody's game. Your vote may matter now more than ever. Make sure to vote today, Monday, September 20, to have your voice heard. For information about your riding or voting place, visit https://www.elections.ca/home.aspx. [...]

Where do the main parties stand on energy issues? Canada’s federal general election 2021 will take place on September 20. CFAA does not endorse political parties, since we have to work with whichever party or parties form the government. However, in order to inform CFAA’s members of the main parties’ positions on rental housing issues, CFAA compares their positions. This e-Newsletter compares the parties' energy positions. Past eNewsletters discussed housing and tax issues. Visit https://cfaa-fcapi.org/election-platform-comparison-energy/ to see more details, and CFAA's positions on the various issues. The Conservatives’ energy platform goal is to reduce carbon emissions by 30% of 2005 [...]