Published 3 months ago

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

The Canadian government is increasing taxes on the wealthiest citizens, raising nearly $20 billion in revenue over five years.
The federal budget pledges $53 billion in new spending focused on economic justice for younger generations.
The Liberal government is facing a decline in polls due to concerns over the cost of living in Canada.

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CTV News

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.

3 months ago·Canada

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CBC News

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

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.

3 months ago·Canada

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Associated Press News

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

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.

3 months ago·United States

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Global News

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

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

3 months ago·Toronto, Canada

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abc News

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

3 months ago·United States

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KIFI

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

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.…

3 months ago·Idaho Falls, United States

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

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

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

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

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

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

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

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

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

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

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

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

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

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