Chrystia Freeland and our Liberal team recently presented Budget 2024, the next steps in our plan to build more homes, reduce the cost of living, and grow an economy that works for all Canadians.
Budget 2024 is all about delivering Fairness for Every Generation.
It is a plan that asks the ultra-wealthy to pay a bit more, so we can help younger generations have a fair shot at success, make it easier and more affordable for Canadians to rent or own a home, and grow the middle class.
Here’s our plan:
Solving the housing crisis
- Unlocking 3.87 million new homes.
- Creating a new Canadian Renters’ Bill of Rights so that renters can bargain fairly.
- Establishing the Tenant Protection Fund to better protect tenants against unfair rising rent payments, renovictions, or bad landlords.
- Making sure renters get credit for on-time rent payments to help them qualify for their first mortgage.
- Launching Canada Builds: a partnership with provinces and territories to build more rental housing across the country.
- Making it easier for builders to build apartments across Canada through the Apartment Construction Loan Program and removing the GST from new rental housing.
- Streamlining foreign credential recognition in the construction sector to help skilled trades workers build more homes.
- Incentivizing Canada’s educational institutions to build more student housing.
Lowering the cost of living
- Stabilizing the costs of groceries by strengthening competition in the grocery sector.
- Building more $10-a-day child care spaces.
- Launching a new National School Food Program to support 400,000 more kids every year.
- Cracking down on junk fees to make prices fairer and help middle-class Canadians keep more of their money in their pockets.
- Enhancing free and affordable banking options and capping certain fees at $10.
- Building on progress to strengthen the right to repair, so Canadians can repair their broken appliances and devices—and at a fair price.
Growing an Economy That Works for all Canadians
- Making the ultra-wealthy pay a little bit more so we can invest in affordable housing, deliver better public health care, and grow the middle class.
- Securing Canada’s AI advantage to help Canadian researchers, start-ups, and businesses access remain competitive.
- Launching the Indigenous Loan Guarantee Program to unlock access to capital for Indigenous communities.
- Boosting supports for Canadian businesses to purchase the equipment they need to boost productivity and compete in the economy of tomorrow.
- Providing further tax relief to secure the future of Canadian small businesses and create good jobs for generations to come.
- Helping increase access to mental health services for young Canadians through the new Youth Mental Health Fund.
- Delivering the Canada Disability Benefit to increase the financial well-being of over 600,000 persons with disabilities.
While we’re taking action, Pierre Poilievre is trying to stop our progress and cut investments to the middle class. He wants to cut support for families and seniors, stop building more homes for Canadians, and take Canada backward.
But we won’t let him. We’re going to deliver fairness for every generation.
Chip in now to support our progress