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Chrystia Freeland Announces New Taxes to Fund School Lunch Program



In unveiling its latest federal budget, the Trudeau government has proposed significant fiscal changes, sparking debate over its economic strategy. Finance Minister Chrystia Freeland outlined plans to increase taxes on corporations and wealthy Canadians, specifically targeting capital gains on investment properties. The government asserts these measures will support investments in programs like a new school lunch initiative, funded by the anticipated $39.2 billion in new spending as elections approach. Critics, including former Bank of Canada Governor David Dodge, argue that the direction of these policies may harm economic growth. This budget comes amid rising disapproval from within the business community and Liberal supporters, questioning the sustainability of the government's financial management.





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