In hopes of building nearly 3.9 million new homes across Canada by 2031, the federal government plans to allow builders larger tax write-offs by increasing the capital cost allowance rate for apartments from four to 10 per cent. Pembroke Mayor Ron Gervais tells myFM news that he hopes they decision pays off locally.
The budget includes 535-billion-dollars in total spending along with a 39.8-billion-dollar deficit. While he understands there is lots that need attention, Pembroke Mayor Ron Gervais was hoping for more support for lower tier governments facing big ticket items.
The budget also includes $250 million spread over over two years that will be applied to address the “urgent issue” of homeless encampments.
(Written by: Kyle Robinson)