Tag: Budget

Budget Says Some Paper Currency Will No Longer Be Legal Tender – Politics – CBC News

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The Liberal government announced Tuesday — in an item buried deep in its 367-page 2018 budget document — that some paper currency will no longer be accepted as legal tender. The $1000 bank note will no longer be legal tender, pending the introduction of legislative changes. The Bank of Canada will still accept the bills for an exchange. (Bank of Canada) While the Bank of Canada stopped printing the $1,000 note in 2000, there are still about 700,000 of those bills still in circulation across the country. As part of a plan…

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Trudeau Government Hiking Taxes On Smokes, Booze, Pursues Tax Cheats | CTV Atlantic News

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OTTAWA — Canadians who drink, smoke and rely on public transit will be paying more thanks to changes in the federal budget. The increased sin taxes are effective Thursday and will put an additional $55 million from tobacco and $30 million from alcohol in government coffers in the 2017-18 fiscal year. The excise duty rate on cigarettes is increasing to $21.56 per 200 cigarettes from $21.03. For alcohol, the excise duty rates are going up two per cent and starting next year will be adjusted every April 1, based on…

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Coast Guard Sends Cutter to Washington | The Maritime Executive

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On Monday, shortly after news broke of a potential $1.3 billion dollar budget cut for the United States Coast Guard, the service announced the deployment of its newest vessel to Washington for a series of official tours. In a media advisory, the Coast Guard said that the Sentinel-class cutter Lawrence Lawson and her crew would be at the D.C. Fireboat Pier on Wednesday for a press tour, a short stopover before her official commissioning at Cape May, New Jersey. The Coast Guard says that the Sentinel-class Fast Response Cutter offers…

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