KeatsConnelly Cross-Border Weekly Best of the Web 2015-10-30

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

The first two articles highlighted this week focus on prognosticating what the Canadian election and dramatic change in government could mean both in Canada and the US. The final article reviews the new Canadian border tracking program and how this might impact snowbirds.

5 reasons the U.S. should care about Canada’s new prime minister (www.msn.com) – Canada just elected its first new leader after nearly a decade of Conservative Party rule. Here are five ways Liberal Party leader and soon-to-be Prime Minister Justin Trudeau is likely to affect policies in Canada and the United States. THE ECONOMY Trudeau, 43, has pledged to increase deficit spending on major infrastructure projects to kickstart Canada’s sagging economy. He says Canada’s fortunes won’t improve unless it chooses economic stimulus over a balanced budget, which he has vowed to achieve by 2020. A stronger Canada helps the USA because they are huge trading partners…

So long $10,000 TFSA, and other personal finance fallout from the federal election (www.financialpost.com) – As an advocate for Financial Independence, I fear the country’s collective “Findependence Day” will be postponed, at least for the nation’s more affluent. A scan of my Twitter feed last night (@JonChevreau) will no doubt reveal a certain amount of disappointment with the Liberal landslide, at least as it touches on taxation and retirement. For example, one of my early tweets was “Kiss goodbye to the annual $10,000 TFSA contribution.” It will certainly be disappointing if the Liberals follow through with their promise to cut the tax-free savings account annual contribution limit back to the $5,500 it was until the Conservatives hiked it earlier this year…

Five things you should know about the proposed border tracking program (www.theglobeandmail.com) – Canadians travelling south of the border should be aware of how a proposed border tracking system could impact their government benefits. Under the 2011 perimeter security pact, Canada and the United States agreed to set up co-ordinated systems to track entry and exit information from travellers at land borders. According to a recent news report by The Canadian Press, the federal government will use its planned border exit-tracking system to avoid paying hundreds of millions of dollars in social benefits now going to people who may no longer be eligible to receive them…

Come back in next week for more interesting news and articles. Enjoy your weekend!

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