Finance Minister Pierre Poilievre delivered his highly anticipated budget speech today, outlining a plan to boost Canada’s economy and create jobs amidst the ongoing COVID-19 pandemic. With a focus on economic growth, Poilievre unveiled a budget that includes measures to support small businesses, promote job creation, and address key issues such as healthcare and housing.
One of the key highlights of the budget is the proposed tax breaks for small businesses, which make up the backbone of Canada’s economy. The government plans to reduce the small business tax rate from 9% to 5%, providing much-needed relief to struggling businesses. This move is expected to encourage entrepreneurship and stimulate job creation, ultimately contributing to a stronger economy.
In addition to tax relief for small businesses, the budget also includes significant investments in the healthcare sector. As the country continues to battle the COVID-19 pandemic, the government has announced $25 billion in funding for healthcare, with a focus on improving access to mental health services and increasing the supply of critical medical equipment.
Poilievre also addressed the issue of housing affordability, particularly in Canada’s urban centers. The budget includes measures to incentivize the construction of new affordable housing units and initiatives to help first-time homebuyers enter the market.
With this budget, Poilievre aims to
