Economic and Tax Highlights from the 2022 Federal Budget
On April 7, 2022, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland delivered her second Federal Budget. The 2022 Federal Budget entitled, “A Plan to Grow Our Economy and Make Life More Affordable” focused primarily on housing, the climate, jobs and growth, and affordability.
Budget 2022 outlined critical steps needed by the government to advance their long-term objectives of building a stronger and more resilient economy, one that generates shared prosperity, while maintaining long-term fiscal sustainability.
Initial thoughts shared by Canadian economists and corporate leaders indicated it was a fiscally responsible budget, and different in tone from past Federal Budgets delivered by this government.
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