Finance Minister Chrystia Freeland today tabled a 400-page-plus budget her government is pitching as a balm for anxious millennials and Generation Z. The budget proposes more than $52 billion in new spending over five years - and a focus on getting more affordable houses built. Here are some of the notable funding initiatives and legislative commitments in budget 2024.
Finance Minister Chrystia Freeland’s fourth budget delivers a big-ticket housing program for millennials and Generation Z voters — a multi-billion dollar commitment to be paid for in part with a tax hike on the rich and corporate Canada.
OTTAWA - With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers: Winner: Small businesses Carbon tax rebates for small businesses are coming, five years after consumers began receiving their share. The measure is “a big relief,” says Dan Kelly of the Canadian Federation of Independent Businesses, which represents the sector. The budget says as many as 600,000 small firms would be eligible for a share of $2.5 billion. ...
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Still trending here in Canada is the federal budget after it was tabled by the Liberals in the House of Commons on Thursday. Prime Minister Justin Trudeau is accusing the Conservatives of siding with multi-millionaires and standing against fairness, after the Tories said they won’t support the proposed budget. In it, the Liberals included a […]
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Finance Minister Chrystia Freeland is promising billions in new spending in the federal budget, while also laying more taxes on the highest earners. Freeland announced this year’s federal budget inside the House of Commons Tuesday afternoon. After weeks of teasing many budgetary items, the Liberal government unveiled its plans on how it intends to offset […]
Canada's legal cannabis industry is not getting any excise-tax relief from
OTTAWA - Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights: Housing In hopes of building nearly 3.9 million new homes across Canada by 2031, the government plans to: increase the capital cost allowance rate for apartments from four to 10 per cent, allowing builders larger tax writeoffs; extend the mortgage amortization period to 30 years for first-time homebuyers purchasing new builds; make more public lands available for...
Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.
Conservatives Call For House Hearing On Google Gemini Ahead Of 2024 Election Authored by Eric Lundrum via American Greatness, Conservative activists have been calling for the House GOP to hold congressional hearings regarding the threat of Google Gemini, Google’s artificial intelligence (AI) program, and its left-wing biases ahead of the 2024 election. As reported by Just The News, a letter signed by multiple conservative groups was sent to Congressman Jim Jordan (R-Ohio),...
Local developers are calling the multibillion-dollar affordable housing measures in the 2024 federal budget “a good start” but say much work remains before any real impact is felt. The Liberal government on Tuesday committed to spending $8.5 billion on various housing programs to build nearly 3.9 million residences across the nation by 2031. “Overall, you […]
Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government
Canadian Prime Minister Justin Trudeau is imposing higher taxes on the