There will also be new money, from windfall revenue gains this year, to help some Canadians cope with the rising cost of living
The story, which cited an unnamed government official, didn’t elaborate on the plan that will be part of Finance Minister Chrystia Freeland’s budget update on Thursday. A person familiar with the document told Bloomberg News the report was accurate, without providing additional details.
There will also be new money to help some Canadians cope with the rising cost of living. Freeland will use some of windfall revenue gains this year toward helping students and low-income workers, according to the Globe and Mail, citing unnamed government sources. In March, Trudeau struck a power-sharing deal with the left-leaning New Democratic Party, which pledged to support his Liberals in the minority parliament in exchange for more spending on social programs.
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Liberals to propose corporate stock buyback tax in fall economic statement, source saysThursday’s fiscal update is widely expected to include Canada’s response to U.S. President Joe Biden’s Inflation Reduction Act, which also included a one-per-cent tax on corporate stock buybacks
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