Federal budget to include tax hikes for wealthiest Canadians, some corporations

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Several bank economists have warned that measures will run counter to government’s goal of boosting productivity

Deputy Prime Minister and Minister of Finance Chrystia Freeland takes a few steps in her new pair of shoes from direct-to-consumer footwear company Maguire, with company founders Myriam Belzile-Maguire, second from right, and Romy Belzile-Maguire, right, during a pre-budget photo op in her office in Ottawa on April 15.

She told reporters she had ruled out raising taxes on middle-class Canadians, but declined to comment on the fortunes of corporations and wealthy individuals. The NDP, which has an agreement with the Liberals to support them Much of the budget policy rolled out so far has been under the slogan “fairness for every generation,” a nod to the younger demographics who are the most affected by Canada’s rising cost of living and

“We want to see lower costs for Canadians and we want to see big corporations start paying their fair share,” he said., Mr. Dodge said it is “exactly the wrong thing” to tax the people and corporations that the government needs to make investments that will boost productivity, and ultimately improve wages over the medium term.

 

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