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Budget 2021: Government unveils $101.4B in new spending, with deficit declining
The federal government is unveiling $101.4 billion in new spending, aimed at both supporting the country through the third COVID-19 wave, and stimulating the economic recovery post-pandemic, in a historic budget presented by Deputy Prime Minister and Finance Minister Chrystia Freeland.
How the 2021 federal budget impacts you
The federal government unveiled its long-awaited spring budget on Monday, with a focus on navigating taxpayers out of the third wave of the COVID-19 pandemic and embarking on the long road to economic recovery, with specific attention paid to the most vulnerable.
Luxury tax on yachts, cars and personal aircraft laid out in new federal budget
The federal budget proposes a new tax on luxury goods such as yachts, personal aircraft and cars. The tax would be applied to cars and personal aircraft that retail over $100,000; and boats for personal use that retail over $250,000.
New taxes on vaping products, tobacco proposed in federal budget
The new federal budget announces the government’s intention to introduce a “new taxation framework” on vaping products, and to boost taxes on tobacco cigarettes, starting in 2022.
Quick highlights from the federal budget
The federal budget features major new funding for child care, long-term care, bio-manufacturing and many other sectors.
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