Federal budget 2024: Freeland to present new spending plan [Video]

Canadians will learn Tuesday the entirety of the federal Liberal government’s new spending plans – and how they intend to pay for them – when Deputy Prime Minister and Finance Minister Chrystia Freeland tables the 2024 federal budget.

Vowing to not grow the deficit while maintaining other fiscal guardrails, heading into budget day there are strong indications that in order to help finance what’s been a weeks-long blitz resulting in nearly $40 billion in promised measures, the Liberals will unveil new or higher taxes for wealthier Canadians or corporate Canada.

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Remarking on the expectation of some form of individual wealth tax, and or excess profit taxes in today’s budget, former Bank of Canada governor David Dodgesaid the fiscal document is “likely to be the worst” in decades and “pointing us in the wrong direction,” when it …