Federal budget 2022

With soaring housing costs on the minds of many, the Liberal government's plan to address housing and other challenges faced by Canadians will be released ...

With soaring housing costs on the minds of many, the Liberal government's plan to address housing and other challenges faced by Canadians will be released Thursday afternoon. With soaring housing costs on the minds of many, the Liberal government's plan to address housing and other challenges faced by Canadians will be released Thursday afternoon. Starting at 4 p.m. ET, specials will be hosted on CBC TV, CBC News Network and on CBC Radio, with Power & Politics providing analysis at 6 p.m. The pre-show, specials and analysis, including Finance Minister Chrystia Freeland's post-budget speech, will also be streamed in this story, and here.

Finance Minister Chrystia Freeland tabled the 2022 federal budget on Thursday. Here are some of the highlights:

- $1.7 billion over five years starting in 2022-23 to help make zero-emission vehicles more affordable for people. - $625 million over four years, starting in 2023-24, for child care, to help the provinces and territories build new facilities and make new investments. - $1 billion over five years, starting in 2022-23, to create an independent federal innovation and investment agency. - The defence budget got new money with more than $8 billion pledged over five years to better equip the Canadian Armed Forces, reinforce cybersecurity and support a culture of change. The funds are part of the government's commitment to Jordan's Principle, which started in 2016. The plan will start with children under 12 in 2022 at an initial cost of $300 million. - $20 million over five years, starting in 2022-23, for research to better understand dementia and support brain health research. - $20 million over two years, starting in 2022-23, to expand the New Horizons for Seniors Program to raise the quality of community participation for seniors. - $593.3 million over five years, starting in 2022-23, to help provinces and territories support projects to prevent gender-based violence and help survivors. - $329.4 million over six years, starting in 2022-23, to triple the size of the Agricultural Clean Technology Program - $20 million over five years, starting in 2022-23, to better understand the long-term impacts of COVID-19. THE CANADIAN PRESS/Justin Tang

EN DIRECT - La ministre des Finances s'apprête à déposer son budget à la Chambre des communes.

Les frais de logement, eux, ont monté de 6,6 % en février, ce qui correspond à la plus grande poussée depuis août 1983. Les prix des aliments ont augmenté de 7,4 % en février, selon Statistique Canada; c'est la hausse annuelle la plus marquée depuis mai 2009. Les prévisions du ratio dette- PIB, elles, ont été revues à la baisse pour s’établir à 48 % cette année. La dette devrait s’élever à 1250 milliards en 2022-2023. Rappelons que les provinces réclament depuis longtemps une hausse des transferts en santé. Ottawa entendra-t-il cette fois leurs appels répétés? En revanche, on ne s’attend pas à de nouveaux fonds pour lutter contre le coronavirus. C'est le seul pays du G7 dont les émissions ont augmenté depuis la signature de l'Accord de Paris en 2015. Entre 2018 et 2020, le Canada a fourni 14,5 fois plus de soutien à l’industrie des combustibles fossiles qu'à celle des énergies renouvelables.

Charts to help you understand new spending in the plan to boost the economy, spur innovation and make life more affordable.

After Ottawa announced in the 2021 budget that it would “examine” the hurdles to employee ownership trusts in Canada, this budget proposed the creation of a dedicated trust vehicle under the Income Tax Act. The budget said the program would be restricted to families with an income of less than $90,000 a year. As it stands small businesses enjoy a tax rate of 9 per cent on the first $500,000 of taxable income, which is lower than the 15 per cent corporate tax rate. However, once a small business’s capital employed in Canada reached $15-million, it loses access to the lower tax rate. The federal government is proposing more than $10-billion in new spending on a slew of housing-related initiatives, much of it aimed at increasing supply. That figure is set to jump another $500-million this year, though the budget didn’t provide a breakdown how much of that spending will be on lethal versus non-lethal support. Supply was particularly weak in Alberta, Manitoba and Ontario. To match its G7 peers in per-capita housing supply, Scotiabank estimated that Ontario would need an additional 1.2 million homes, underscoring the dearth of availability in major markets. Even with the increase in annual defence spending, which is projected to rise to around $41-billion in fiscal 2026-27, Canada will still fall short of the NATO target of 2 per cent of GDP. The government said it “remains committed” to its fiscal anchor of reducing federal debt as a proportion of gross domestic product. All told, Ottawa is sitting on a revenue windfall of roughly $85-billion over six years, relative to projections in late 2021. The words “affordable” and “affordability” combined for more than 100 mentions in the 2022 edition. If “middle class” and “innovation” were the buzzwords of past federal budgets, this year the focus was on consumer wallets.

«Le Canada n'a pas suffisamment de logements», a résumé la vice-première ministre Chrystia Freeland, qui consacre l'entièreté du premier chapitre de son budget ...

Le gouvernement Trudeau viendra aussi en aide aux premiers acheteurs. - 475 millions de dollars en 2022-2023 pour un versement ponctuel de 500 $ à ceux qui ont de la difficulté à trouver un logement abordable La crise du logement ne cessant de prendre de l’ampleur, un «effort national» de 10 milliards $ sur cinq sera mis de l’avant par le gouvernement fédéral, pour faciliter l’accès à la propriété et augmenter l’offre de logements abordables.

Le gouvernement Trudeau souhaite ainsi forcer le pas des provinces pour accélérer la réalisation de grands projets d'infrastructures. Jusqu'à présent, sur une ...

• À lire aussi: Voici 10 mesures du budget Freeland 2022 Voici 10 mesures du budget 2022www.journaldemontreal.com • À lire aussi: Budget fédéral 2022: des déficits mais moins dépensier

The federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, ...

But billions more could be heaped onto federal books to pay for pharmacare and dental care as part of a deal to have New Democrats prop up the minority government, and more for the military as part of an agreement with NATO allies to more quickly ratchet up defence spending. The economy has fared better than anticipated over the past few months, which along with higher prices for oil is expected to pad the government's bottom line and help offset any new spending to be announced. OTTAWA -- The federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies.

The New Democrats are confident there will be ``no surprises'' in the federal budget and that the Liberals will honour spending pledges made in their ...

The NDP also secured Liberal support for “moving forward” on taxing the profits that big banks and insurance companies made during the pandemic. In an interview with The Canadian Press, Blaikie said that “while some of the normal doubts continue to be there,” the party is “confident going into this budget that some of our priorities will be seriously reflected in the budget.” The NDP is also watching for “signals” in the budget that policies in the deal will move ahead swiftly. While Blaikie has not been told of the contents of the budget in advance, including on whether pledges will be honoured, he said he felt “confident they will be in there.” Daniel Blaikie, the NDP finance critic, is “confident” that a string of his party’s policy priorities requiring government funds will be in the budget and that the party will not be startled by unexpected omissions. The New Democrats are confident there will be “no surprises” in the federal budget and that the Liberals will honour spending pledges made in their confidence and supply pact.

Finance Minister Chrystia Freeland is expected to roll out more than $100 billion in new spending. Find out what the Liberals will spend on.

However, Trudeau’s government is likely to book a more conservative amount given extreme levels of uncertainty and volatility as a result of war in Europe. Freeland will also ban most foreigners from buying homes for two years to cool the nation’s housing market, a source told Bloomberg. Yet the government plans other measures that could potentially boost demand, ostensibly to help new homebuyers. The biggest ticket item is a US$4-billion accelerator fund that will give incentives to cities that create more supply. That gap was set to gradually decline to US$13.1-billion in 2026-27. Spending as a share of output was already poised to settle at the highest levels since the early 1990s, even before any new measures. The fiscal trajectory, however, may be little changed given federal coffers are awash in new revenue from inflation and high commodity prices.

It is Budget Day on Parliament Hill. The Trudeau Liberals are set to deliver their 2022 budget that is likely ...

The Liberal government is set to unveil their 2022 budget that is expected to promise billions in new spending.

Outstanding promises from the Liberals’ campaign platform add up to about $48.5 billion in net new spending, once including new revenues from things like an expected tax on excess bank profits. Their plan is presumed to address housing affordability and cost-of-living concerns, while boosting defence spending and reconciling some demands from an N-D-P pact-partner that wants things like subsidized dental care and an extra tax on the profits of big banks and insurance companies. The economy has fared better than anticipated over the past few months, which is expected to help offset any new spending to be announced.

Finance Minister Chrystia Freeland will table the federal budget later today — a plan to respond to a global climate of economic uncertainty that could ...

In addition to a laser-focus on housing, government sources say the budget will also detail some other priorities. "We need solutions and we're hoping that the budget will follow through on this commitment," Lee said. The party's platform said the government would earmark some $4 billion for municipalities that "grow housing supply faster than their historical average" — part of a plan to build 100,000 new middle-class homes in Canada's cities by 2024-25. Lee said the housing crunch "is really the number one issue that we have right now as a country." The Liberals pitched a plan to offset monthly mortgage costs by reducing the insurance premiums charged by the Canada Mortgage and Housing Corporation (CMHC) on some loans. Beyond that child care program, the budget is also expected to explain how the government intends to get more people into homes of their own.

The federal Liberals are set to unveil their latest budget on Thursday that aims to balance promises made in the 2021 election campaign, in the pact with ...

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The federal government unveiled its highly-anticipated spring budget on Thursday, with a focus on trying to make life more affordable for Canadians while ...

Meanwhile, Natural Resources Canada will see a $400 million investment over five years to do the same in suburban and remote communities. Budget 2022 addresses the mounting global angst as result of Russia’s invasion of Ukraine earlier this year. The program, which has offered purchase incentives of up to $5,000 since 2019, would also be expanded to include more vehicle models, including vans, trucks, and SUVs. The program will expand to under-18 year olds, seniors, and people living with a disability in 2023. The CMHC will receive another $1.5 billion over two years to extend the Rapid Housing Initiative. This is expected to create at least 6,000 new housing units. Beyond business investments and industry incentives, the document strives to make green energy choices more attractive to Canadians. The Canada Infrastructure Bank will invest $500 million, already set aside, in urban and commercial charging infrastructure. - The Liberals also intend to double the First-Time Home Buyers’ Tax Credit amount to $10,000 to help with steep closing costs. In the interim, they’ve targeted a few programs directly at Canadians to help with soaring home costs. - Only those under 12 years old will get first access in 2022. The budget estimates this proposal would cost $725 million. It would put approximately $1,500 back in Canadians’ pockets and would apply to homes purchased on or after Jan. 1, 2022.

L'incertitude économique mondiale et l'inflation record dopées par la guerre en Ukraine poussent le gouvernement Trudeau à freiner les dépenses.

Parmi les principales nouvelles dépenses, 10 milliards $ sur cinq ans pour faciliter l’accès à la propriété et augmenter l’offre de logements abordables. «Il n’y a pas un feu d’artifice de dépenses et quand il y a des nouvelles mesures de revenus pour les financer», remarque le fiscaliste de l’Université Sherbrooke, Luc Godbout, pour qui le budget est résolument marqué par la retenue. La ministre des Finances Chrystia Freeland a présenté jeudi un budget totalisant 29 milliards $ de nouvelles dépenses par rapport à la mise à jour économique de décembre, mais 49 milliards $ de nouveaux revenus.

Finance Minister Chrystia Freeland has tabled her second federal budget. Here are the highlights: HOME-BUYING HELP. The budget promises to introduce ...

The budget sets aside just over $5 million over five years to allow the RCMP to assist in community-led investigations into burial sites at former residential schools. To address a key commitment on reconciliation, the budget sets aside $210 million to help communities document, locate and memorialize burial sites at former residential schools. The government also plans to impose a sales mandate to ensure that at least 20 per cent of new light-duty vehicle sales will be zero-emission vehicles (ZEVs) by 2026; that market share is supposed to rise to at least 60 per cent by 2030 and 100 per cent by 2035. To help meet Canada's climate change targets, the budget offers $2.6 billion over five years to finance a new investment tax credit for businesses that spend money on carbon capture, utilization and storage (CCUS). The government also plans to extend incentives and expand eligibility for a program to entice more Canadians to buy electric cars, vans, trucks and SUVs, which will cost $1.7 billion over five years. The goal is to create 100,000 new housing units in the next five years. The program, which is to be fully implemented by 2025, is limited to families with incomes of less than $90,000 a year.

The budget includes support for the long-term stability of Canada's asylum system, the NASA Lunar Gateway project, and further research on the long-terms…

— $20 million over five years, starting in 2022-23, for research to better understand dementia and support brain health research. — $20 million over two years, starting in 2022-23, to expand the New Horizons for Seniors Program to raise the quality of community participation for seniors. — $100 million over five years, starting in 2022-23, to create a forthcoming federal action plan to support LGTBQ2 rights. — $329.4 million over six years, starting in 2022-23, to triple the size of the Agricultural Clean Technology Program — $20 million over five years, starting in 2022-23, to better understand the long-term impacts of COVID-19. — $593.3 million over five years, starting in 2022-23, to help provinces and territories support projects to prevent gender-based violence and help survivors.

La ministre des Finances, Chrystia Freeland, a présenté jeudi à la Chambre des communes un budget du Canada 2022 qu'elle a écrit à l'encre rouge orange.

Ottawa éliminera les droits d’accise sur la bière à faible teneur en alcool (0,5 % d’alcool par volume ou moins) dès le 1er juillet 2022. Les groupes de banques et d’assureurs-vie paieront notamment un impôt ponctuel de 15 % sur le revenu imposable supérieur à 1 milliard pour l’année d’imposition 2021, a-t-elle déterminé. S’ajoutent 875,2 millions sur cinq ans consacrés à la cybersécurité, par le biais du Centre de sécurité des télécommunications. Le budget prévoit 1,3 milliard de dollars en amortissement restant, puis des investissements de 1,4 milliard de dollars par année après les premiers cinq ans. Les personnes ayant un revenu annuel supérieur à 70 000 $ auront à payer une « quote-part ». Le gouvernement fédéral évalue le coût de ce nouveau programme — né de l’entente entre le Parti libéral du Canada et le Nouveau Parti démocratique (NPD) — à 5,3 milliards sur cinq ans, dont 300 millions en 2022-2023 et 600 millions en 2023-2024. Le gouvernement fédéral fournira 1,5 milliard supplémentaire sur deux ans (1 milliard en 2022-2023 et 500 millions 2023-2024) à la SCHL pour « construire rapidement » plus de 6000 nouveaux logements abordables.

Un nouveau CELI permettra aux acheteurs d'une première maison de protéger plus de 40 000 $ de l'impôt.

Ottawa promet aussi une aide ponctuelle de 500 $ aux personnes qui ont de la difficulté à trouver un logement à prix abordable. Il s’agit d’un obstacle majeur pour bon nombre de ceux qui cherchent à acheter une maison, surtout pour les jeunes. « Quand le prix des maisons augmente, le coût de la mise de fonds grimpe aussi. Pour ce qui est des acheteurs, Ottawa prévoit créer, avec la collaboration des provinces et territoires, une charte des droits des acheteurs et un plan national pour mettre fin aux offres à l’aveugle, qui empêchent les acheteurs éventuels de connaître les offres des autres acheteurs. Pour répondre à la demande croissante de logements au pays, la ministre des Finances Chrystia Freeland consacrera 4 milliards de dollars sur cinq ans à compter de 202-2023 pour la construction de 100 000 nouveaux logements. Qu’il s’agisse de la pénurie de logements à prix abordable ou des maisons unifamiliales en ville à un million de dollars, la crise du logement est une réalité désormais incontournable pour des millions de Canadiens.

The 2022 federal budget outlined a few measures that could help Canadians struggling with the soaring cost of living, including plans for a one-time $500 ...

Dental care will then be rolled out to those under the age of 18, seniors and people living with a disability in 2023. Starting with the youngest Canadians, kids under 12 in households with an income of less than $70,000 annually should have access to dental care before the end of 2022. The federal government’s 280-page 2022 budget document outlined a couple of measures to help with the cost of living for Canadians.

The Canadian government recently announced its decision to enter negotiations with American aerospace giant Lockheed Martin to buy 88 F-35 fighter jets.

But Trudeau’s topsy-turvy relationship with the F-35 will continue to be mocked. The new defence budget measures announced by Freeland are in fact designed to strengthen these commitments. These developments are troubling and disorienting, but the fundamentals of Canada’s defence are not necessarily shifting dramatically. In Canadian politics, however, those strings are largely immaterial because dependence on the U.S. and its military power has long been a huge net benefit. This requires aligning goals and commitments with necessarily limited resources. Something similar happened to Turkey in 2019 after its government decided to buy a Russian missile defence system. Those failing to comply will likely be removed from the program. In 2017, the Trudeau government launched what it called an “ open and transparent” competition for fighter jets. The deal was unusual, but its logic made sense, especially to the Canadian government. This all but guaranteed the F-35’s win. That’s because network effects, as economists call them, generate not only profits for contractors but also international power and influence. This is the second time Ottawa has chosen the stealthy aircraft.

In the 2022 federal budget, the government is unveiling $60 billion in new spending over the next five years, aimed at 'targeted,' initiatives to build the ...

Canada’s debt as a percentage of the GDP is projected at 45.1 per cent in 2022-23 The first phase coming in 2022 will offer dental care to children under the age of 12, with a budgeted cost of $300 million. One key new policy is moving to make it illegal for foreigners to buy any residential properties in Canada for the next two years. The government says it will be targeting three dollars of private capital for every dollar invested Exceptions would apply for “certain life circumstances” such as death, the birth of a child, or divorce. “We already have a government that has announced about $10 billion in defense spending, that they actually haven't spent… The foreign buyers ban will apply to condos, apartments, and single residential units. And we’ve had a very rapid improvement in the economy overall… “The fiscal situation in terms of revenues and expenses is improved from what we had in the economic update. and it's done in a fiscally responsible framework,” said Prime Minister Justin Trudeau on his way into the chamber for Freeland’s budget speech. And the third element is an investment in productivity.” As Canadians face a cost of living crunch, tackling housing affordability is a main feature of Thursday’s federal budget.

A new alternative minimum tax? Currently, the top federal tax rate of 33 per cent kicks in at income of more than $221,708 for 2022. The budget didn't introduce ...

Finally, as predicted, the government has shut down the non-Canadian-controlled private corporation (CCPC) planning that some taxpayers have been using to avoid paying the additional refundable corporate income tax that they would otherwise pay on investment income earned in those corporations. Specifically, profits from the sale of residential real estate, including a rental property, that was owned for less than 12 months would be deemed business income. It’s expected that individuals will be able to open an FHSA and start contributing at some point in 2023. Unlike registered retirement savings plan (RRSP) or tax-free savings account (TFSA) contributions, unused annual contribution room cannot be carried forward, meaning an individual contributing less than $8,000 in a given year would still face an annual limit of $8,000 in subsequent years. Individuals can only participate once in their lifetime and, once the funds are withdrawn to purchase a home, the FHSA must be closed within one year from the first withdrawal. Currently, the top federal tax rate of 33 per cent kicks in at income of more than $221,708 for 2022.

La crise du logement ne cessant de prendre de l'ampleur, un « effort national » de 10 milliards $ sur cinq sera mis de l'avant.

Le gouvernement Trudeau viendra aussi en aide aux premiers acheteurs. - 475 millions de dollars en 2022-2023 pour un versement ponctuel de 500 $ à ceux qui ont de la difficulté à trouver un logement abordable La crise du logement ne cessant de prendre de l’ampleur, un «effort national» de 10 milliards $ sur cinq sera mis de l’avant par le gouvernement fédéral, pour faciliter l’accès à la propriété et augmenter l’offre de logements abordables.

La crise du logement ne cessant de prendre de l'ampleur, un « effort national » de 10 milliards $ sur cinq sera mis de l'avant par le gouvernement fédéral, ...

- 475 millions de dollars en 2022-2023 pour un versement ponctuel de 500 $ à ceux qui ont de la difficulté à trouver un logement abordable Le gouvernement Trudeau viendra aussi en aide aux premiers acheteurs. - Instaurer un crédit d’impôt pour la rénovation d’habitations multigénérationnelles, permettant de recevoir jusqu’à 7 500 $ pour la construction d’un logement secondaire

Finance Minister Chrystia Freeland's budget targets climate, affordable housing and includes $5.3-billion for a national dental care program.

He predicted that the new housing measures will drive up wages in the country’s already tight labour market. As promised during last year’s election campaign, the Liberal government is imposing a tax on property flipping that will affect those who buy and sell homes within a year. Future first-time home buyers will get RRSP-style tax rebates when they contribute, and the money will be able to grow tax-free. “We will invest in building more homes and bringing down the barriers that keep them from being built.” Ottawa will set up a $15-billion Canada Growth Fund to lure domestic and international capital to invest in the green economy. A senior government official who briefed reporters said the OECD data show that Canada faces a serious challenge and must take a more direct approach in attracting foreign investment throughout the economy, particularly as the oil and gas sector becomes a smaller source of global investment. “So now is the time to focus – with smart investments and a clarity of purpose on growing our economy.” About two-thirds of the fiscal gain – or $56.6-billion – has been devoted to new spending. It shows Canada is projected to have the lowest per-capita GDP growth among OECD countries. A planned bank tax has been altered from an initial proposal outlined in the Liberal Party’s 2021 election platform. That is a faster rate of decline than had been projected in December or in the government’s 2021 budget. The minority Liberal government is facing increasing criticism from Bay Street. Some bank CEOs have expressed concern about Ottawa’s approach to economic and fiscal matters.

NDP Leader Jagmeet Singh says his caucus will support the 2022 federal budget.

That definition alone significantly changed the entire outlook on the affordability of homes that are going to be built,” Singh said. The budget also promises to reform the Rental Construction Financing Initiative to include an increased focus on affordability. We fought for an additional $4 billion…in addition to what the government was going to do.” While those $4 billion were promised by the Liberals in the last election, two additional housing-related measures were not. Pharmacare was another high-profile NDP priority, with the two parties agreeing to continue making progress on a universal national pharmacare plan. The budget expects to bring in roughly $6.1 billion over five years from new taxes on banks and financial institutions, another NDP ask.

From investments in dental care to a first-time home buyers tax-free savings account, the new federal budget could affect the lives of Albertans in ...

"I do believe there's an opportunity for the economy to grow with the new tech investment being attracted to the province, but we still need a really well thought out plan to support the working people in these industries," she said. "It would be such a nice balanced market for everybody if people would just get more comfortable putting their homes on the market." "Alberta is poised to lead the country in growth this year, however, this budget does little to promote business investment attraction, increase productivity and provide increased market access opportunities for Alberta," the finance minister said. "There's nothing for them to choose from. 'People are sometimes generally surprised how ill they are getting despite getting two doses of vaccine," Dr. Lynora Saxinger said. Federal contributions to provincial health systems grows in line with a three-year moving average of nominal gross domestic product. “We are encouraged by the federal government’s response and increased incentives around carbon capture, utilization and storage technology," Toews said. "Or you are forced to make a really difficult choice to pay for something and then what are you not paying for. So, we really just need more inventory." "Provinces are increasing investments from their own budgets," he added. Like if it's a choice between rent and dealing with a cavity, what do you do?" "The federal budget does not provide Canadians," she said, "with the support for healthcare that we all need in order to repair the long-term and probably multi-generational damage that has been inflicted as a result of the COVID-19 pandemic."

The 2022 federal budget had a host of housing announcements, including a new tax-free savings account for first-time buyers and plans to ramp up the pace of ...

The budget did set out new rules to tax property flippers. The TFFHSA is expected to roll out in 2023. Families trying to buy a house have been let down. If buying as part of a household, each individual putting money towards the purchase of a home can save in their own TFFHSA. It’s supply.” Families struggling to pay their bills have been let down. The budget includes plans for a federal review to find out more about what role large corporate landlords play in the market and the impact on renters and homeowners. The Liberal government started off its budget document preamble saying that Canada is in the grips of a “housing shortage” and claimed increasing the supply of homes is the most effective way to make housing more affordable for Canadians. “In terms of removing a key barrier to access to the ownership market, this looks to be a very significant measure.” The federal government says it’s exploring options to make the program “more flexible and responsive” to the needs of prospective homebuyers. Sahir Khan, executive vice-president at the University of Ottawa’s Institute of Fiscal Studies and Democracy, says the TFFHSA looks to be a “pretty generous measure” in the 2022 budget. The 2022 budget includes plans to create a new Tax-Free First Home Savings Account (TFFHSA) to help Canadians struggling to get into the housing market save for the cost of a down payment.

The federal government outlined its plans to tackle sky-high housing costs in Thursday's budget — including a temporary ban on foreign buyers, ...

On the supply side, the budget laid out an ambitious plan to build a lot of housing, and fast. "They're not the cause of rising home prices or rapidly rising home prices, but it's still a good policy to put forward." "While the budget is acknowledging there's a crisis, it's failing to recognize that our country is really addicted now to high and rising home values." The new program adopts the most appealing parts of those two programs by giving savers a tax rebate for contributing and also allowing those savings to grow without being taxed on the gain. Currently, Canadians can use anything from a savings account to an RRSP or TFSA to save for their first home — but all come with a certain amount of tax restrictions. RRSPs provide a tax rebate when people contribute, but any money withdrawn under the existing Home Buyer's plan must be replenished later without the tax break.

The Liberals have promised to add $875.2 million over five years to the planned government cybersecurity-related spending, according to the latest proposed ...

To support Canadian research to combat misinformation and disinformation, the budget proposes giving the Privy Council Office $10 million over five years to continue co-ordinating, developing, and implementing government-wide measures designed to fight these threats. The additional funding to prevent and respond to attacks on critical infrastructure, including hospitals, is also welcome. Global Affairs Canada would get $13.4 million over five years, starting in the new fiscal year that begins at the end of April, with $2.8 million per year ongoing after that. The budget also proposes funding to fight online misinformation from adversaries. The CSE is a division within the Defence Department that is responsible for protecting federal IT networks; The budget still has to be passed by Parliament.

Dans son budget fédéral présenté jeudi, le gouvernement Trudeau annonce la création du CELIAPP pour aider les premiers acheteurs immobiliers.

Mais en ce moment, essayez de trouver un marché équilibré, il n’y en a pas», déclare M. Larochelle. • À lire aussi: Budget fédéral 2022: CELIAPP et autres mesures pour les premiers acheteurs Dans son budget fédéral présenté jeudi, le gouvernement Trudeau annonce la création du CELIAPP pour aider les premiers acheteurs immobiliers à économiser pour leur mise de fonds.

Over six months since the Liberals committed to creating a menstrual equity fund, the federal government has proposed the pilot project in its 2022 budget.

Gabrielle Trepanier, another advocacy co-chair with Bleed The North, said she thinks there is absolutely a need for a full consultation, to make sure the program is successful for every type of person it is trying to reach. Hiebert of Changing the Flow said consultations would be worth doing if they’re meant to find out what people using the fund would need, and to use those findings to better meet those needs. The Liberal government created a public consultation process on providing menstrual products in federally regulated workplaces that came to a close in September 2021. MP Karen Vecchio, the Conservative critic for women and gender equality, said Tuesday that she does not support a subsidy for menstrual products, and would want to approach the problem differently. Ien said on March 22 in the House of Commons that she is consulting with organizations about menstrual equity to inform their work. Starting in 2022, the government would give $25 million over two years to create a national pilot that helps make menstrual products available to Canadians.