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.


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Budget 2024 prioritizes housing while taxing highest earners, deficit projected at $39.8B

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.

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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.

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Freeland's new federal budget hikes taxes on the rich to cover billions in new spending

OTTAWA, Ontario — Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget.

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Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government

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The Liberal government’s 2024 federal budget includes tax changes and efforts to make life more affordable for millennial and gen Z Canadians.

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Budget 2024 tries to sell youth a more affordable life with billions in spending - National

OTTAWA, Ontario (AP) — Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital gains above $250,000 Canadian would rise from half to two-thirds, which the federal government will only affect 0.1% of Canadians.…

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OTTAWA, Ontario (AP) — Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital gains above $250,000 Canadian would rise from half to two-thirds, which the federal government says will only affect 0.1% of Canad…

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OTTAWA – Finance Minister Chrystia Freeland delivered a federal budget Tuesday that keeps the deficit capped at $40 billion, thanks to higher-than-expected government revenues and new taxes that largely offset […]

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Winnipeg

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Liberals raise capital gains tax on wealthiest Canadians to pay for agenda

(Bloomberg) — 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 helping young people.

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Leon Cooperman

Allianz

Canada Hikes Capital Gains Tax to Raise Billions for Housing

Deficits will be $10.3 billion higher than originally planned, as companies and investors hit with more taxes

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Canada's budget 2024: Freeland's budget targets rich Canadians for new spending

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Freeland's new federal budget hikes taxes on the rich to cover billions in new spending

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