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The Liberal government's budget will make life a bit more expensive for you if you drink, smoke, or take public transit.
Finance Minister Bill Morneau unveiled the changes when he introduced the Liberal government's second budget in Parliament on Wednesday.
Here are the details:
- There will be a 2% increase in tax on alcohol, to be adjusted every year to keep up with inflation.
- The budget raises taxes on a bunch of different tobacco products. An increased tax on cigarettes, for example, will make a carton of smokes about half a dollar more expensive.
- It eliminates a public transit tax credit, which currently provides a 15% rebate to people using monthly or yearly transit passes. The change comes into effect on July 1.
- The budget also forces Uber and similar ride sharing services to charge sales tax, just like taxi cabs currently do.
Chris Wattie / Reuters