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$56 Billion in new spending is proposed over the next six years
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The ratio of federal debt to GDP is projected to decline to 41.5% in 2026/27, down from more than 45% currently
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$5.3 Billion for national dental program for low-income Canadians, including children and seniors
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$10 Billion ear-marked to make housing more affordable with support for Canada Mortgage and Housing Corporation, affordable housing units, renovation tax credits and a tax-free first home savings account
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$7.5 Billion for climate initiatives like greener buildings and neighbourhoods, electric vehicle mandates, charging infrastructure, and credits for investments in “green technology” to reach net-zero emissions by 2050
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$6.1 Billion dedicated to increased defense spending
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$10.6 Billion to support reconciliation with Indigenous peoples and provide health, social and educational services to First Nations youth, water treatment and housing
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Corporate income tax raised from 15% to 16.5%, a surtax on banking profits over $1 Billion for the 2021 tax year, and 18% tax rate on profits over $1 Billion
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Phasing out of the small business tax rate and introduction of a dedicated trust vehicle to encourage employee ownership at small businesses
