US EditionFreeland'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.
48 Articles
48 Articles
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.
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 says will only affect 0.1% of Canad…
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.…
castanet.net
$535B budget projects $39.8B deficit, aims to restore economic fairness
The 2024 federal budget will provide "generational fairness" to younger Canadians by raising taxes on those who have already capitalized on Canada's economic strengths, Finance Minister Chrystia Freeland said Tuesday as she tabled the document in the House of Commons. The budget comes ...
Montreal Gazette
Financial Post2024 federal budget: Liberals aim to hit the brakes on car theft with new criminal offences
Propose new charges for the use of violence while stealing a vehicle and for links to organized crime, as well as laundering money for the benefit of a criminal organization.
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