Justin Trudeau's government unveiled new taxes on the richest, to finance housing in particular, and to attract younger people hit by the increasing cost of living. It forecasts more than 20 billion Canadian dollars in revenue over five years, mainly thanks to this new tax system.
Most of the new spending is aimed at the education, housing, and jobs sectors, all pressure points for young voters. The government is also counting on a slowdown in its economy in 2024, but believes it can avoid recession despite relatively high interest rates which are weighing on the economy. The government has also committed, in the context of a housing crisis, to building 3.87 million additional homes by 2031 "at a pace and on a scale not seen since the post-Second World War," declared the minister in Parliament.