has higher deficits, higher spending and higher taxes for the country’s wealthiest people. Finance Minister Chrystia Freeland introduced the budget as a spending plan designed for younger Canadians. Freeland tabled the budget Tuesday after already having revealed much of its contents in the weeks before. In her budget speech, Freeland said younger generations need help given the swift rise in housing costs and other inflationary pressures.
First, we’re building more affordable homes. Because the best way to make home prices more affordable is to increase supply—and quickly. That’s why we’re cutting red tape and reforming zoning. We’re building more apartments and affordable housing across the country and unlocking public lands and vacant government offices to build homes for Canadians.
Second, we’re making life cost less. We’re strengthening Canada’s social safety net for every generation. $10‑a‑day child care is already saving young parents thousands of dollars a year—and offering more young Canadians the possibility of starting their own family. New programs to help with the cost of going to the dentist and pharmacy, including the cost of contraceptives and insulin, will further ease the financial burden.
We are making Canada’s tax system more fair by asking the wealthiest to pay their fair share — so we can invest in prosperity for every generation, and because it would be irresponsible and unfair to pass on more debt to the next generations.