Federal budget: some of the highlights

Prime Minister Justin Trudeau, Deputy Prime Minister, left, and Minister of Finance Chrystia Freeland hold copies of the federal budget as they pose for a photo before its tabling, on Parliament Hill in Ottawa, on Tuesday, April 16, 2024. THE CANADIAN PRESS/Justin TangIn hopes of building nearly 3.9 million new homes across Canada by 2031, the government plans to:

Excise taxes on tobacco and vaping products are going up: $4 on a carton of cigarettes and by 12 per cent on vape supplies - for a total of nearly $1.7 billion in revenue over five years.The government will spend $48 million over four years and $15.8 million thereafter to forgive the loans of early childhood educators.

It will cost $52 million over five years to enact and enforce the new Online Harms Act, which requires large online platforms to act responsibly, and creates a new commission and ombudsperson for digital safety.$273.6 million over six years for community outreach, law enforcement, counter-radicalization and victim support;

And it is creating several new parks and wildlife preserves, including in British Columbia, Prince Edward Island and Windsor, Ont.A 10 per cent tax credit for the cost of buildings used for key parts of the electric-vehicle supply chain over the next 10 years; The budget also includes $150 million over three years for an Emergency Treatment Fund to help municipalities and Indigenous communities deal with the opioid crisis.

It also includes $743.5 million over five years to strengthen the asylum system and streamline the claims and removal processes .Ottawa is setting aside $2.4 billion in the upcoming budget to build capacity in artificial intelligence.

Source: News Formal (newsformal.com)

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