Federal budget prioritizes housing while taxing highest earners, deficit projected at $39.8B
CP24 -

In an effort to level the playing field for young people, in the 2024 federal budget, the government is targeting Canada's highest earners with new taxes in order to help offset billions in new spending to enhance the country's housing supply and social supports. Aiming to give Canadian millennials and Generation Z "a fair chance at a middle class life," Deputy Prime Minister and Finance Minister Chrystia Freeland's budget outlines how the Liberals plan to allocate $39.2 billion in net-new...

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