The Trudeau government released its 2024 budget with a promise to bring “fairness for every generation” by pledging billions on housing and introducing a new capital gains tax on the wealthy, as part of its strategy to win back younger voters. But former Liberal deputy prime minister John Manley doubts the major spending geared at … Read more
Foreign aid groups are hailing the federal Liberal government’s return to a policy of increasing humanitarian and development spending each year, while asking for a plan to push allies to reverse a global decline in aid. “It was a good moment for Canada to step up and show global leadership by making this commitment of … Read more
Higher interest rates last year contributed to the largest gap in income inequality since 2015, according to a new Statistics Canada report. The findings come one day after the federal government tabled its 2024 budget, which one economist says won’t make many short-term differences in Canadians’ bank accounts. The StatCan report released Wednesday said Canada’s … Read more
The federal government plans to push ahead with its crackdown on short-term rentals in Canada in an effort to alleviate the country’s housing crisis, but Airbnb says home-sharing regulations are not the solution. As part of the 2024 federal budget that was unveiled Tuesday, Ottawa has recommitted to spending $50 million to help municipalities limit … Read more
The Liberal government delivered a federal budget on Tuesday geared towards young Canadians, proposing a spending plan that promises to do everything from make it easier to buy a first home to crack down on costly concert ticket fees. “We are acting today to ensure fairness for every generation,” Finance Minister and Deputy Prime Minister … Read more
If your boss calls, texts or emails after hours, a change being proposed in Budget 2024 could give some Canadian workers the right to ignore them. Ottawa plans to introduce the “right to disconnect” to protect federally regulated workers from constant ringing and pinging off hours. The Liberal government unveiled the proposed amendment to the … Read more
The federal government plans to “urgently return” money collected through the carbon price’s fuel charge to small businesses, making good on a commitment from 2019 to return that money. Billed as the Canada Carbon Rebate for Small Businesses, the plan involves more than $2.5 billion that has been collected through the federal fuel charge in … Read more
With the number of stolen cars in Canada surging, Ottawa is bringing in stiffer penalties for auto theft as part of Budget 2024. The federal government is creating new criminal offences to crack down on organized crime, calling it the driving force behind the rise. It will also add new offences related to violent car … Read more
By Staff The Canadian Press Posted April 16, 2024 4:21 pm Updated April 16, 2024 5:36 pm 1 min read Descrease article font size Increase article font size Here are some key numbers from the Liberal government’s federal budget: $535 billion: Total government spending for the 2024-25 financial year. $39.8 billion: The total deficit, just … Read more
The federal government is providing up to $5 billion in loan guarantees to help Indigenous communities invest in natural resource and energy products. But when it comes to a promise to close what advocates say is a sprawling Indigenous infrastructure gap, Ottawa is short more than $420 billion. Teased in last year’s fall economic statement, … Read more
