Government budget articles
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Some of the key highlights from the Liberal government's 2024 federal budget
OTTAWA - Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights: Housing In hopes of building nearly 3.9 million new homes across Canada by 2031, the government plans to: increase the capital cost allowance rate for apartments from four to 10 per cent, allowing builders larger tax writeoffs; extend the mortgage amortization period to 30 years for first-time homebuyers purchasing new builds; make more public lands available for...
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PM Orpo, government enter "extremely difficult" budget talks
On Monday morning government parties agreed on the need to make more savings, but not on how to find the money.
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Premiers want return to co-operation with federal government with new budget
OTTAWA - Canada's premiers are warning the federal government not to overreach into their jurisdictions when it comes to delivering the programs laid out in Ottawa's latest budget. In a letter responding to the Liberals' budget, the premiers say they worry new federal programs are eventually going to be downloaded onto provinces and territories. They also say the housing crisis cannot be solved by the federal government working with municipalities alone. Prime Minister Justin Trudeau...