Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget — but won’t say if corporations or the wealthy are in for the same treatment.
“Young Canadians need us to make those investments — investments in housing, investments in affordability, investments in productivity and growth,” Freeland said. The Liberal government has been facing mounting pressures to rein in spending in order to avoid fuelling inflation or delaying rate cuts by the Bank of Canada. A slow economy is also weighing on government revenues, meaning there’s fewer dollars to put toward new initiatives.
The House of Commons finance committee has also recommended a windfall tax on companies in all sectors that generate “oversized” profits during crises, as well as grocery giants, to fund another doubling of the GST rebate. Conservative MPs on the committee did not support the pre-budget recommendations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National school food program awaits federal decisionFramework on finance minister Freeland’s desk, no indication yet on whether it will be adopted
Source: TerraceStandard - 🏆 24. / 68 Read more »
Freeland doesn't rule out new taxes on wealthy or corporate Canada in upcoming budgetDeputy Prime Minister and Minister of Finance, Chrystia Freeland listens to a speaker during a news conference for a housing announcement in Vancouver, B.C., Wednesday, March 27, 2024.
Source: CBCPolitics - 🏆 79. / 51 Read more »
Freeland doesn't rule out new taxes on wealthy or corporate Canada in upcoming budgetOTTAWA — Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget — but won't say if corporations or the wealthy are in for the same treatment.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Freeland doesn't rule out new taxes on wealthy or corporate Canada in upcoming budgetOTTAWA — Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget — but won't say if corporations or the wealthy are in for the same treatment.
Source: PGCitizen - 🏆 65. / 51 Read more »
Freeland doesn't rule out new taxes on wealthy or corporate Canada in upcoming budgetOTTAWA — Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget — but won't say if corporations or the wealthy are in for the same treatment.
Source: timescolonist - 🏆 15. / 75 Read more »
Freeland doesn't rule out new taxes on wealthy or corporate Canada in upcoming budgetOTTAWA — Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget — but won't say if corporations or...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »