19 votes

Prime Minister Mark Carney unveils $18 billion Canadian government-owned investment fund

6 comments

  1. [4]
    unkz
    Link
    I love the concept of sovereign wealth funds. Just another top tier Carney plan, and I’m here for it.

    I love the concept of sovereign wealth funds. Just another top tier Carney plan, and I’m here for it.

    10 votes
    1. [3]
      kingofsnake
      Link Parent
      I can't wait for my Premiere to try and call him out for copying the Heritage Trust fund - Alberta's wealth fund that could have been the size of Norway's had they properly taxed oil companies. Oops!!

      I can't wait for my Premiere to try and call him out for copying the Heritage Trust fund - Alberta's wealth fund that could have been the size of Norway's had they properly taxed oil companies.

      Oops!!

      3 votes
      1. [2]
        chocobean
        Link Parent
        Nenshi will be ready to call him out when that happens.

        Nenshi will be ready to call him out when that happens.

        1 vote
        1. kingofsnake
          Link Parent
          Here's hoping Alberta hears it. We still have a love affair with Danielle according to recent polls

          Here's hoping Alberta hears it. We still have a love affair with Danielle according to recent polls

          2 votes
  2. chocobean
    (edited )
    Link
    I saw the announcement a few days ago and although I'm slightly wary of Carney, this has enormous potential to be a historic winner move. I hope people remember the Ralph Bucks fiasco, where the...

    I saw the announcement a few days ago and although I'm slightly wary of Carney, this has enormous potential to be a historic winner move.

    I hope people remember the Ralph Bucks fiasco, where the Alberta provincial government, Conservative in name, blew a one time surplus instead of investing to prepare for the obvious oil industry boom bust cycle. And also their "we could've become Norway but blew it" fund.

    I hope federally, Canadians do much better, and our investments in ourselves pay off for generations. If there's one thing that's in Carney's wheelhouse that he can do well on it's this one.

    Edit:

    Honestly, between this, the also new Disability Tax Credits inclusivity changes (CBC), and investing in sovereign digital infrastructure, if Carney also enacts proportional representation election reform I'm ready to call him the greatest prime minister of all time.

    Click to expand DTC article quotes

    Statistics Canada's Canadian Survey on Disability identified about eight million Canadians age 15 and older who had a disability in 2022. Of those, about 40 per cent had a condition classified as severe or very severe.

    The Canadian Tax Observatory says about 84 per cent of the eight million people living with disabilities have not been able to qualify for the tax credit. Disability advocates have been pushing to make the qualification process easier.

    The benefit's maximum amount of $1,500 is not a large sum of money, and because it's a non-refundable tax credit people will only get the full amount if they earn about $27,000 a year.

    But a valid certification from the CRA is worth getting even if the person is unable to work, because the certification is also a necessary pre-condition to access 13 other programs designed to help people living with disabilities. [...]

    One of the proposed changes would streamline that process by immediately certifying people when a medical practitioner affirms they have at least one disability on a list that has been pre-approved for a kind of fast-track status.

    That means if a medical practitioner certifies that a patient has Alzheimer's disease or cystic fibrosis, they can skip the [16 total] pages and pages of reasons and circumstances that hamper their ability to work.

    8 votes