The federal government has released its 2022 budget plan. Following several years of extraordinary government spending in response to the COVID-19 pandemic, this year’s budget attempts to address concerns about the increased cost of living and affordability issues for Canadians across the country, focusing on targeted investments in housing, innovation, and the green economy. The document also seeks to demonstrate the government’s desire to return to more “normal” levels of spending and address rising debt levels. This includes outlining new measures to increase government revenues.
Earnscliffe breaks down the budget by the numbers and looks at the major new initiatives that will be the focus of the next five years.