The federal government is unveiling $101.4 billion in new spending, aimed at both supporting the country through the third COVID-19 wave, and stimulating the economic recovery post-pandemic, in a historic budget presented by Deputy Prime Minister and Finance Minister Chrystia Freeland.
The federal government unveiled its long-awaited spring budget on Monday, with a focus on navigating taxpayers out of the third wave of the COVID-19 pandemic and embarking on the long road to economic recovery, with specific attention paid to the most vulnerable.
In the federal government’s first budget since the start of the pandemic, Deputy Prime Minister and Finance Minister Chrystia Freeland delivered a plan for $101.4 billion in new spending aimed at getting Canadian businesses through the COVID-19 pandemic and stimulating the economy afterwards.
The federal budget proposes a new tax on luxury goods such as yachts, personal aircraft and cars. The tax would be applied to cars and personal aircraft that retail over $100,000; and boats for personal use that retail over $250,000.
Reading the federal budget spending spree as it scrolls on for 720-plus pages, a certain numbness takes hold, writes Don Martin in his exclusive column for CTVNews.ca.
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