budget 2022

Finance Minister Chrystia Freeland’s second pandemic budget turns Canada’s fiscal focus to making life more affordable and giving a long-needed boost to Canadian productivity.

Ottawa is preparing to spend $4.3 billion over seven years to help improve Indigenous housing, while also giving more to help communities contend with the harmful past of residential schools.

Officials also acknowledged that even with an additional $8 billion, Canada will remain far short of NATO’s spending target, even as other allies dramatically ramp up their own military investments following Russia’s invasion of Ukraine.

The cash will come through existing dollars baked into the government’s fiscal framework.  

The single biggest climate item in Budget 2022 is the controversial carbon capture investment tax credit, followed by funding for electric vehicles and charging infrastructure.

The biggest extension to health care by far in this budget was a national dental care program. This went from obscurity to policy in a matter of months due to its inclusion in the Liberal-NDP agreement.

The federal Liberals are set to unveil their latest spending plan today, April 7, 2022, that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies.

Affordability, housing, education, mental health support, climate change. Do youth have anything to hope for in the federal budget out Thursday? A polling expert, youth advocate and student union rep weigh in on what matters.

With the budget on the horizon, we won’t have long to wait to see if the fine print matches the expectations.

Canada’s new climate plan is banking on carbon capture to cut nearly 13 per cent of the oil and gas sector’s projected greenhouse gas emissions by 2030. But a new report reveals billions of public dollars already spent on the technology aren’t yielding substantial reductions.