Reaction on King Charles throne speech, First Time Home Buyers GST Rebate

[00:00:02] Speaker A: And now news takeaway. [00:00:08] Speaker B: The news takeaway segment Good morning. [00:00:12] Speaker A: Welcome Just PG Good morning Connect now connect Good morning. [00:00:24] Speaker B: That's more important Parliament actually Speaker elect King Charles finally member Parliament's name Minister's name Parliament House of Commons roughly third of the mps. [00:00:58] Speaker A: Yeah. So question period Pela question period Hoega House of Commons so matlab House of Commons which officially House of Commons House of Commons the which guy Apostle debate Finance Minister Franco Philippe Champagne Notice of Ways and Means motion present first time home buyers dollar so details naked program Middle class income tax cut promise election campaign Quick takes Odivid Zikar Kita Carbon tax on Mukambal Torti Consumer carbon tax so aid a notice of Ways and Means motion. [00:03:14] Speaker B: The talk of the town Prime Minister Justin Trudeau Justin Trudeau Bots are actually dignitaries Kim Campbell but Justin Trudeau. [00:03:45] Speaker A: So which orange stripes because it was the King and the Queen royal visits e.g. queen Camilla King Charles throne speech she was only wearing a hat, not a tiara. The queen symbolism Royal visits. [00:04:36] Speaker B: Social media retirement runners actually yes. [00:05:01] Speaker A: It was a break from protocol. [00:05:20] Speaker B: Prime Minister Mark. [00:05:26] Speaker A: Dynamics so did he a throne speech Senate under renovation so it's right now in a makeshift building railway building temporary makeshift arrangement. So Senators House of Commons symbolism King DUI House of Commons King Charles III title King Charles King Charles I House of Commons British House of Commons So Canadian House of Commons. No, no, no. Sorry again British House of Commons Parliament took over but then monarchy was reinstated of the black rod House of Commons Senator the House of Commons It's a very short walk away from each other. It's pretty chilled out. [00:07:54] Speaker B: Oh actually Markarney the brother. [00:07:56] Speaker A: Yes Sean Carney Kensington palace bank of England the Governor. [00:08:14] Speaker B: Prime Minister Markarney of course the Arkiti Gaisi per King Charles in consultation who in itself was symbolic of this thing. US President Donald Trump Prime Minister Markarney Canada is not for sale that was considered symbolic Symbolically King Kanyu is cheese Canada sovereign U.S. president Donald Trump. [00:09:15] Speaker A: So throughout King Charles Barbar Canada the uniqueness Canada the identity Canada the sovereignty sovereign as the king as sovereign Sovereign Shop Taam Canada the sovereignty sovereign Prime Minister and the President of the United States, for example, have begun defining a new economic and security relationship between Canada and the U.S. rooted in mutual respect and founded on common interest to deliver transformational benefits for both sovereign nations. The government will protect Canada's sovereignty by rebuilding, rearming and reinvesting in the Canadian armed forces. The government will discharge its duty to protect Canadian Canadians and their sovereign rights from wherever challenges may come important at home or Abroad Canadians sovereignty King Charles Canada the uniqueness unique identity and they have always had the greatest admiration for Canada's unique identity, which is recognized across the world. Every time I come to Canada, a little more Canada seeps into my bloodstream and from there straight to my heart. National pride unity Canada has become bold, ambitious, innovative country speech I think he ended it with these words. As the anthem reminds us, the true north is indeed strong and free. [00:11:51] Speaker B: Throne speech or basically second World War closest ally US Trade relationships Throne speech Priorities list Priorities platform promises Prime Minister Markarney the KD platform promises income tax. [00:12:34] Speaker A: First. [00:12:34] Speaker B: Time home buyers internal trade within Canada United Canada. [00:12:56] Speaker A: So exactly same sentence multiple times is sentenced to King Charles throne speech with Shamal Kita All Canadians can give themselves far more than any foreign power or any continent can ever take away. So exactly he sentence Canada us the relationship at the same time it's an incredible opportunity for Canada as well. [00:13:48] Speaker B: And of course opposition Conservative Party the leader Parliament King Charles the throne speech delivered of course being an opposition leader. [00:14:25] Speaker A: Excuse me Throne speech House of Commons it was only a message not a plan so it was basically Mark Arni did he joint mandate letter Cabinet Priorities so mandate letter that becomes the throne speech for you? [00:15:44] Speaker B: Yes so. [00:15:51] Speaker A: Donald Trump. [00:16:05] Speaker B: Positive indications for example strong independent Canadian economy interprovincial trade barriers. [00:16:25] Speaker A: Canadian sovereignty Throne speech a matter of confidence Throne speech confidence so strong bargaining position so most likely NDP calculation Conservative throne speech King deliver Kitiya Donald Trump the tariffs the threat NDP most likely is going to support this throne speech Elizabeth maybe. [00:18:11] Speaker B: First time home buyers so first time home buyer conditions property property cooperative housing corporation first time home buyer GST rebate eligible. [00:19:13] Speaker A: Election campaign agreement Ostai Meija agreement sign Kita J to see Kadi Sari Nami Kadu Sarija construction substantially complete construction agreement agreement real estate industry first time home buyers boss projects construction so sale Sari Rooki Hoisi they did a builders nature developers income tax cut the near middle class income tax cut O Canada interprovincial trade barriers first time home buyers should watch this year Notice of Ways and Means motion present Francois Philippe Champagne proposals income tax cutwala carbon tax. [00:22:44] Speaker B: Eligibility conditions permanent residential common law partner common law partner first time home Barney consider Kitaja so that's the. [00:23:11] Speaker A: Definition for home first time home buyer Canadian citizen Yes so a first time home buyer the definition linear manner. [00:23:31] Speaker B: Phase out. [00:24:17] Speaker A: So percentage percent of the pharaoh rebate these are hogi so formula is percentage. [00:25:08] Speaker B: Condominiums housing residential unit residential unit builder condominium townhouse single family home whatsoever residential unit so residential unit first time home buyer. [00:25:37] Speaker A: Of course first time home. [00:25:40] Speaker B: Buyer that's it simple as that and J to ADE spouse common law partner first time home buyer GST rebate and as Jimmy assignment agreement agreement first time home buyers rebate Nahimidoki yeah. [00:26:21] Speaker A: Agreement sign hona developer okay thank you so Jeddah first time home buyer agreement first time home buyer first time home buyer first time home buyer background clearly first time home buyers definition is purpose clearly to see Canadian citizen if these three conditions are fulfilled then you are considered to be first time Mumbai so I don't think it matters before you apply for citizenship if you are a PR you. [00:27:52] Speaker B: Are a priority first time home buyer GST rebate so Jeddah brand new property first time home buyer. [00:29:00] Speaker A: Or do they have to wait for 12 months first time home buyer he considered of course that's true if the first time buyer buys 1 year old home less than 1 million can then GST applicable no that's not applicable. [00:29:35] Speaker B: Income tax Finance Minister France for Philip Champagne tax cut middle class tax cut something. [00:30:13] Speaker A: Yes one year old income tax expert so Liberals Navy Conservatives so Liberals notice of ways and means and ways and means that represent Kita Gyan this is one of the proposals Canadians know by million Canadians know the father. [00:31:10] Speaker B: Canadians know the father income tax part. [00:31:24] Speaker A: Of course yes so billion dollar. [00:31:41] Speaker B: Yes. [00:32:01] Speaker A: Ugly bracket so effectively income tax calculate. [00:32:39] Speaker B: Yes. [00:32:50] Speaker A: Income tax bracket. [00:32:56] Speaker B: Questions first time home buyers mortgage brokers. [00:33:15] Speaker A: Only doesn't matter Canada first time home buyer. [00:33:19] Speaker B: In Canada Prime Minister Mark Carney Kanyo Sanket European defense rearmament plan the. [00:33:50] Speaker A: Yeah so throne speech Canada which participate as Europe re arms so timeline speech expect something concrete so Liberal party the leader Banesan by default defense. [00:34:55] Speaker B: United States capital spending that's not smart United States Canada depends for defense spending subsidized that is not smart. [00:35:35] Speaker A: That'S not smart important decisions NATO summit is one of those events plus Donald Trump engineer tariffs so NATO leaders so European mulk defense trillion dollar. [00:36:35] Speaker B: $1.25 trillion trillion dollars. [00:36:39] Speaker A: So defense procurement program Lakhdala so collective procurement yes Donald Trump multiple times important trade partner. [00:37:58] Speaker B: Prime Minister Mark Karnin speech President Donald Trump social media Golden Dome. [00:38:17] Speaker A: Visual Golden Dome project basically space based defense system a missile defense system ambitious project Donald Trump up to $1 trillion Khacha Hosada Donald Trump x Upanjata billion dollar Karani Donald Trump Canadians fair share billion in how many years Per year For how many years Canada is considering this offer so clearly Canada economy said so Canada is definitely considering the Golden Dome body so we'll see. Most likely she will accept. [00:40:50] Speaker B: NATO Secretary General Mark Ruth Defense spending members the a military alliance defense spending. [00:41:22] Speaker A: 10% direct spending defense defense related activities. So so Canada spent 1.34% of the GDP on defense billion dollar by 2032 because we want to do it by 2030 multiple times. David McGinty Defense Minister Naoi Karane Public Safety Defense Golden Dome Project Europe Definitely some big announcement is coming very soon. Most likely investment hoagie ASI GDP the Kinney percent defense. So that still remains to be seen. [00:42:51] Speaker B: Absolutely. He is absolutely fine. Hale and hearty healthy program. Thank you so much. [00:43:43] Speaker A: Thank you. Thank you very much.