Justin Trudeau's government is forecasting 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 has also committed, in the context of a housing crisis, to building 3.87 million additional homes by 2031. With the rising cost of living being a major concern for most Canadians, Chrystia Freeland's budget presents a series of new spending to reduce household bills. It 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. To do this, Ottawa wants to build 3.9 million homes, a pace not seen since the post-Second World War, declared Budget Minister Chrystia Freldon in Parliament on Tuesday. The latter promised "fairness for every generation" and "hard work isn't paying off."