The government of Canadian Prime Minister Justin Trudeau on Tuesday unveiled a federal budget that seeks to woo young voters while asking the wealthy to pay higher taxes. 'Today, it is possible for a carpenter or a nurse to pay tax at a higher marginal rate than a multi-millionaire,' Freeland told lawmakers.
The government of Canadian Prime Minister Justin Trudeau on Tuesday unveiled a federal budget that seeks to woo young voters while asking the wealthy to pay higher taxes.
Most of the new spending is directed at education, housing and jobs -- all pressure points for young voters. The Liberal government also pledged amid a housing crunch to build an additional 3.87 million new homes by 2031"at a pace and scale not seen since after the Second Inflation came down from a recent high to 2.9 percent in the month, but it is still too high to bring relief in interest rates set by the Bank of Canada.
To help offset the boost in social spending, the budget calls for increased capital gains taxes on the wealthiest Canadians.
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