Mar 27, 2023 | For more information, contact Erik Rolfsen. Canadian finance minister Chrystia Freeland is to present the federal government's 2023 budget on ...
Allan Tupper](https://experts.news.ubc.ca/expert/allan-tupper/) Interview language(s): English, Hausa, Norwegian Jason Sutherland](https://experts.news.ubc.ca/expert/jason-sutherland/) Interview language(s): English, French Interview language(s): English Interview language(s): English, Spanish, Italian Canadian finance minister Chrystia Freeland is to present the federal government’s 2023 budget on Tuesday. Robert Godin](https://experts.news.ubc.ca/expert/robert-godin/) Werner Antweiler](https://experts.news.ubc.ca/expert/werner-antweiler/) Paul Kershaw](https://experts.news.ubc.ca/expert/paul-kershaw/) Email: Penny Gurstein](https://experts.news.ubc.ca/expert/penny-gurstein/)
Finance Minister Chrystia Freeland's 2023 budget will announce plans to save about $7-billion over five years through cuts to federal travel and reduced ...
“The thing that we believe the government needs to focus on is growth. Currently in Canada, only 50 per cent of a capital gain – such as the profit on a stock sale or an investment property – is taxable. A third category of spending will be under the heading of affordability measures, partly in response to cost-of-living pressures driven by inflation. On the tax front, outside experts are not expecting major changes on Tuesday. “It looks like one of the things we’ve asked for is going to be there,” he told reporters on Parliament Hill. Freeland’s](https://www.theglobeandmail.com/topics/chrystia-freeland/) budget will aim to show that the government is focused on fiscal responsibility after posting massive deficits during the pandemic. Because we’ve had a decade or two in which we haven’t been doing that well in terms of attracting new manufacturing investment to Canada.” There will be no obligation on recipients to spend the money on groceries. The budget will also lay out a detailed spending plan for increased The plan is meant to show that Ottawa will exceed last year’s target of finding $6-billion in internal savings over five years. The savings represent one side of what will be a challenging political balancing act for the government as it presents this year’s spending plan on Tuesday. and another on the
Canada's 2023 federal budget will see the Liberals attempt to respond to pressures from inflation, the United States and an uncertain economy.
“They’re not going to get everything on their wish list,” he says. Khan says the government could also “stagger” its promises, with spending ramping up in years three, four and five of its budget horizon. There are some sectors that are really hurting, tech being one of them. And so there are people hurting,” she says. It can’t just all be narrative.” He expects the Liberals will devote a fair bit of the budget text to the already announced health-care spending announced in February as a “victory lap” of sorts. As opposed to a newly elected government delivering a budget of change in its first spending plans, the Liberals will have to prove they still have ideas and can make progress on projects that matter to Canadians, Khan says. Despite all the pressures facing the Liberals in their third term in office, Khan says the Trudeau government will need to demonstrate that it’s still “got some fire in its belly” and can deliver results for Canadians. Despite restrictions on the government coffers, the Liberals will need to put a “down payment” on some of the clean energy priorities it has talked about for years, Khan says. But Bartlett adds that the government is facing “a lot of political pressure” to continue to spend to support vulnerable households. “Storm clouds” are gathering for a possible recession on the horizon, Khan notes, and the federal government will feel pressure to “keep some of their powder dry” for emergency spending to resuscitate the economy if the worst-case scenarios come to pass. Bartlett says that while government revenues generally see a boost amid high inflationary periods, the federal government is about to experience the “insidious” nature of rising price pressures on the downturn.
Canada's Finance Minister Chrystia Freeland is tabling her third federal budget. It is expected to include a new grocery rebate measure for lower-income ...
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Finance Minister Chrystia Freeland is set to table a federal budget in the House of Commons on Tuesday afternoon, which a federal source says will include ...
opens investigation into Tesla seat belts coming loose](https://www.ctvnews.ca/autos/u-s-opens-investigation-into-tesla-seat-belts-coming-loose-1.6332452) [Business](https://www.ctvnews.ca/business) [Federal government outlines $83B in clean economy tax credits in bid to compete with U.S. Lionel Messi scored a hat trick and surpassed 100 career goals for Argentina with three in the first half of Tuesday's international friendly against Curacao. Montreal police say they have identified two more victims found in the rubble of a fire in Old Montreal 12 days ago. Another American community is reeling after a shooter killed three 9-year-olds and three adults at a private Christian elementary school in Nashville. In his exclusive column for CTVNews.ca, Don Martin writes this 'startling change of heart' suggests the PMO is in panic mode and reflects badly on the prime minister's decision making. "While CFIB is pleased that the government is capping the hike in excise duties on beer (and) spirits … Joe Biden comes for a sleepover next week to make Canada the 18th country he has visited since being sworn in as U.S. More than 130,000 people have signed an e-petition calling on Canada to give transgender and non-binary people fleeing harmful laws in their home countries the right to claim asylum, but that's already possible in this country. For example, air passengers on a roundtrip domestic flight will pay $19.87, up from the current $14.96, and on international flights the rate will rise from $25.91 to $34.42. Not required to be spent at the grocery store, the rebate is being offered through the GST tax credit system and would see eligible couples with two children receive a payment of up to $467. In the near-term, we must contend with a slowing global economy, elevated interest rates around the world, and inflation that is still too high," Freeland writes in the foreword to the budget, of which all 255 pages were tabled in the House of Commons on Tuesday.
Finance Minister Chrystia Freeland is scheduled to announce this year's federal budget in the House of Commons Tuesday afternoon.
The GST tax credit is expected to cost Ottawa $2.5 billion. This is due to new spending and a worsening economy. Finance Minister Chrystia Freeland announced this year’s federal budget in the House of Commons Tuesday afternoon.