Global National: April 16, 2024 | Highlights from Canada's 2024 federal budget

In tonight's top story: federal government has released its 2024 budget, taking aim at improving affordability amid Canada's slowing economy, and an uphill road for the Liberals in the polls. David Akin looks at the highlights from the new fiscal plan, including its focus on helping younger Canadians.
Finance Minister Chrystia Freeland has tabled her fourth federal budget, which is forecasted to leave a $39.8-billion deficit. Global National's Dawna Friesen speaks with Freeland about the increase in the capital gains tax, the country's productivity problem and the criticism to the Liberals' spending policies.
NDP Leader Jagmeet Singh expressed disappointment in the federal government's 2024 budget, saying the Liberals "ignored the opportunity to take on corporate greed." Mercedes Stephenson breaks down Singh's comments on the budget and whether they could hint at the NDP voting against it.
As Israel pledges to respond to Iran's drone and missile attack, the Middle East remains on edge as it remains unclear what that retaliation will look like. Crystal Goomansingh looks at how Israel's allies are continuing their calls for de-escalation, as the country's two top military officials signal the opposite.
Plus, Manitoba RCMP have arrested three 17-year-old boys, all of whom are high school hockey players, in relation to two separate reports of hazing at a hotel in Winnipeg. Melissa Ridgen looks at what is known so far about the investigation.
For more info, please go to globalnews.ca/news/10427644/b...
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[@claing17]

All empty promises and lies.

[@kevinfisher466]

it doesnt matter which party it is.

[@tehabnorm]

No matter the color you wish to be your controller.

[@huhwhat9759]

@kevinfisher466 left wing or right wing your flapping on the back of the same beast

[@Millwright4life]

Disgusting budget. Wasteful spending from this trash government. We Canadians don’t accept this budget

[@patricktruelove464]

Except it’s what the Conservatives have been screaming for. “Do something to provide affordable housing!!!”

[@wifferstess2824]

And should not. Calling it "Fairness for all generations" is disingenuous because the deficits and debt are passed onto future generations.

[@jkb358]

​@@patricktruelove464the corrupt authoritarian Trudeau regime caused the housing crisis and every crisis in canada

[@jackwaterman-lw4co]

The PCs are no more conservative than MAGA. Conservatives never support new taxes "for the collective good". There are a few necessary evils the government provides, like the military, sanitation, law; almost everything else is better handled privately. This slave caliphate Joey created is monstrous.

[@ZenCorvus]

Patrick, wrong, keep trying though bud you children are cute trying

[@kevinlatulippe6944]

They have just screwed all next generations

[@lance0625]

how?

[@yamerhammer20069]

​@@lance0625 reckless spending, corruption..

[@BDee3126]

They screwed those who are going to be born here in the next two decades😂😂

[@kevinfisher466]

all governments do that. every side of the same corporate coin.

[@paulinegauthier1867]

And we Canadians who are alive now!

[@rickvervoort9536]

Canadian taxpayers pay more money to service the debt than they do for healthcare. Let that sink in.

[@patricktruelove464]

That’s why they’re upping taxes for the rich. About time.

[@davedismantled]

@@patricktruelove464 Don't you think that reducing the debt might be a better solution?

[@eternity2444]

How can they reduce the debt if they need to send billions to other countries

[@nnf9431]

@@patricktruelove464 The rich have so many resources to avoid this new tax increase that it won't really do anything. The budget didn't address anything to make Canada more productive and that will be this government's biggest downfall.

[@Steven9567]

@@patricktruelove464 why you want the rich to be tax so badly why don't you demand less tax for the lower class

[@nnf9431]

This is a trash budget, vote these losers out already.

[@Chap17]

Is there a better alternative...they r all in bed together 😢

[@merc340sr]

Somebody, get rid of of Chrystia Freeland, please!

[@manfrednemeczek4108]

yes. So annoying

[@Magnolia7932]

The politicians will get richer using the Taxpayers money. They so creative to hire more staff helping them with the new initiatives with the delusional ideas. It's a huge waste.

[@awad7391]

they need to go. immediately.

[@aspiringastronaut9992]

No one will own anything…see….fair

[@martinmezzabotta5267]

What a waste of paper

[@BrendaMcLaughlin-xe5dj]

The Budget Disaster 2024 is not fair for the youngest Canadians. Homes by 2031 is too late!

[@Eusantdac]

Building homes is not a thing for the federal gov't to do usually. Building homes falls under provincial jurisdiction. Try to do some research before You speak out and look like a fool.

[@davedismantled]

@@EusantdacActually, building homes falls to developers and trade workers (carpenters, plumbers, electricians, etc.). Name one government at any level, or group of politicians that are "building homes". Government just gets in the way, adds costs and usually roadblocks things. Try to do some thinking, before you open your mouth and remove all doubt that you are the fool.

[@BrendaMcLaughlin-xe5dj]

​@Eusantdac Regardless of who ultimately builds the homes, we have people living in the streets of one of the coldest countries in the world. My point is 2031 is too late. This country has the resources and needs to cut immigration until homes are built. Our youngest generation is suffering the most. Liberals are not cutting through the red tape to build they are throwing money to corporations to build rental properties.

[@TC-dg5pm]

@@Eusantdac F O O L

[@justadildeau]

Reported this video for misinformation

[@kevinfisher466]

list the info then Plz

[@justadildeau]

@kevinfisher466 if you can't figure it out, go back to bed. I'm not your mommy, it's not my job to hold your hand.

[@peccant]

Just because you disagree with reporting doesn't mean it's misinformation o.o

[@tehabnorm]

If you read the newspaper you're misinformed if you don't read the newspaper you're uninformed Mark Twain Thankfully today child can easily become a better journalist than what is presented.

[@justadildeau]

@@peccantyou shouldn't be agreeing with reporting It should be facts, not bias

[@danboden9873]

Taxation without representation or an opposition these days.

[@chucksurgeonertribute2113]

Why does he have to raise taxes again. When will he stop.

[@big_red_machine3547]

That’s why there was aggressive “boom-stick” control

[@BDee3126]

Trudeaus gotta go!

[@CP-012]

How do we put an end to this dumpster fire?

[@40zed]

is this a late aprils fools joke?

[@big_red_machine3547]

Say goodbye to those 40,000 high taxed rich people lol

[@DougJohns]

You are all FIRED ! This government needs to go!!!!!!!!!

[@paulinegauthier1867]

This budget's not worth the paper it's written on...😢

[@user-fx9gi8em9l]

2,254 Views , 15 Likes - Pretty well says it all. Wonder how many thumbs down there are ?

[@BonnieDoon84]

Yay we all get to be poor for generations!

[@Dani-sm8jp]

When Freeland speaks, it feels like I’m back in junior kindergarten 🙄

[@kathyrae7859]

She talks that way to make us think she is smart and we are stupid. It is suppose to be a psychological trick to make you think that she actually knows what she is talking about, and that she is there to help you.

[@davedismantled]

For 40,000 people to pay for that debt over 5 years is about $95,000 per year, per person. I don't think most people, even if they are "rich", want almost $100,000 taken out of their pocket every year, to be redistributed to other people. I wonder how many of the 40,000 will be in Canada after year 1. If you are that rich, you can move anywhere, right?

[@sigmahuxxer6429]

If rich people want to exploit workers of Canada they must at least pay a proportional tax rate to do so

[@nhuynh555]

If they move someone else will take their place.

[@gravityhypernova]

You did the math. Now compare your income to the average of $8.9 million for the top 0.01%, and $1.6 million of the next 0.09%. (Stats Can High Income Tax Filers in Canada 2020)

[@dvil9]

My exact thoughts!

[@patricktruelove464]

Capital gains tax mostly targets windfall profits, so it doesn’t feel like it’s coming out of your pocket. You’re just getting a bit less. Yes wealthy people can move but they won’t. People like living in Canada.

[@npcimknot958]

Fairness for every gen is LITERALLY TO NOT burden the next gen with the mistakes you make. STOP TAXING anf taking our money

[@daniellesullivan1703]

I see nothing for seniors or vetrans

[@livetohuntandfish8700]

Build Affordable homes....does Freeland even know what the cost of Lumber and building materials and labor to build is today?

[@burakozkan2064]

Sooo... health care?

[@BDee3126]

The boomers can wait for it while they sit in their nice big houses.

[@hollyt4527]

As a small business owner, my capital gain, when I sell my business building is my ONLY form of pension on which I can retire. Unlike a gov't employee who receives a great pension without clawbacks! It's been my "blood, sweat, and tears" along with endless hours of hard work that made my business work. The government hasn't helped anywhere along the way. So why now do they get to just take more? Canada's small business environment is dying in a painful process.

[@littlechange1659]

As an even smaller business owner, my tiny bit of savings is my pension. These creeps are throwing more and more people under the bus to waste money on their voters. I’m retirement age and broke. Simple home, payed off before Trudeau ever was in power. Don’t travel, don’t drink, don’t do drugs, don’t gamble, Walmart or second hand clothes, drive a wreck, can’t afford meds or insurance, went to cheaper food of poorer quality, can’t afford post secondary education for my kids. These people have absolutely destroyed Canada. I think on purpose, no one is that incompetent.

[@ccheg3949]

WOW, what a liar!!

[@colingoldthorpe5918]

God help this country….in 8 years they dug a hole so big it the country will take never get out of it….

[@patricktruelove464]

Except that the country isn't in a hole. It's one of the most successful in the world.

[@justadildeau]

Reported this video for misinformation.

[@agodelianshock9422]

I advocate for a budget compromise system: Opposition party can mark line items as "wants" instead of needs, and if the country is in a deficit, the governing party needs to choose which "wants" to cut in order to reach a surplus. The Liberals can do this too when they become an opposition party. They can cut any line item, but the "wants" system favors a compromise and an actual use for opposition in Canada.

[@zacharyrosmanitz7547]

hire this guy in parliament

[@ikeanderson6466]

Smarter than 99% of the politicians.

[@DS1945-bj4bt]

Your comment points to a system of rational thinking, fairness, and balance. Do you realize how impossible that is? How will Justin ever get his skim?

[@manfrednemeczek4108]

In 1987 I was 27 years old and I bought my first house in Toronto for 130K with 15K down. I was making 25 dollars per hour as a carpenter. That house recently sold again for 1.3 million. 10X what I paid for it. Today a carpenter makes 50 dollars an hour which is 2X what I made back then. This sums up the entire mess that has been created for our young people. Not fair.

[@HUHA84]

Thank you for saying that.

[@rickbateman2401]

The promise to focus on younger Canadians means they are in for one massive tax bill. The promise to tax the wealthiest will result in exactly what happened in other countries that do this - the wealthiest will move or find ways to hide their money and the tax burden on the rest of us will go up. The massive spending will drive inflation up even higher and at the end of the day all Canadians will get is more government employees not providing useful services.

[@charlesl1136]

She said “ economic illiterate “ 😂 it seemed to be a precise description of her!

[@michaeld663]

Increase Capital gains tax won't work. People will just take out loans against their assets then default to avoid the tax.

[@big_red_machine3547]

No. They will be forced to see their stocks and assets in that case, unless I’m missing something

[@tonysweet6451]

$19B by taxing rich for the next 5 years? Didn't CRA say last time that going after defrauded $15B doesn't worth it?

[@thoughtsarethings3760]

Where are these billions coming from 😅😅😅 I just got to wake up from this nightmare government

[@sigmahuxxer6429]

These billions are coming from billionaires exploiting workers such as yourself!

[@guymiller2842]

How about eliminating government pensions. That money could be used to help the future generations of Canadians. After all the rest of us have to plan for retirement. This government just killed that.

[@big_red_machine3547]

I wouldn’t mind paying a bit more tax if I didn’t despise the Freeland Trudeau Singh love triangle at a deep deep , deep level

[@patricktruelove464]

Why? They're doing good stuff.

[@brianoconner3090]

A finance minister with no educational background in finance nor experience is itself a joke.

[@jeffl4554]

That 0.1% INDIVIDUALS mostly are small entrepreneurs created local jobs for millions of Canadians and the top talent engineers and IT workers. Over-taxing capital gain on their hard earned savings/investment will simply make them leaving Canada, or end up with a good lawyer/accountant who understands all the tricks government allows for tax evasion. How about taxing corporate entities like big banks and the energy industries? Raise tax on them and add that 19 BILLIONS easy! Why not mention?

[@ArenAurelius]

⛽ $189.9/l today and the War with Iran hasn't started yet.

[@user-yb6zp3om4k]

4 million homes built with that little money? so they are putting in 1/1000 of the cost of each home?

[@ingridhl4559]

I have another idea How about taxing the rich and cut the military spending to zero.

[@daviddiehl5792]

Canada is broken and we need a leadership help

[@namli2436]

Build more home But bring more immigrants and foreign students in End up the same thing Nonsense program Be realistic

[@banalpedant41]

To be fair [and realistic} many of our non-foreign Canadian-born "students" are literally dying from drug addictions and this country, like it or not needs educated youth for our future. How would any government support building a few million homes without a workforce/thriving economy? It's a sad fact but I can't help noticing the people that really want to work and work hard are often foreigners. Just look at who populates a majority of Canada's homeless. A large majority of them are Cdn born folks.

[@nhuynh555]

Sing always posturing like hes gonna risk his pension.

[@aleksanderkuncwicz7277]

People should spend billions on housing in Alberta it might flood next the ocean one day.

[@crediblehawkin]

ok wheres my 60k 3 bedroom house. that what my dad paid for it. oh thats right carbon tax sigh

[@commonsense6869]

So they are going to increase the tax on capital gains, at a time when rental housing is already tight. Who is going to buy a second home to rent out now?!

[@kathyrae7859]

You can build millions of homes and it won’t fix the housing crisis. We don’t have a housing crisis we have a rent crisis and affordable housing crisis. If you can’t afford to rent, you sure as heck can’t afford to buy. Our homeless rate is going up due to the fact people can’t afford the rent. The key word is AFFORDABLE housing and rent.

[@snazeevid9802]

PLEASE PLEASE PLEASE.... Lets get a new government. A government that knows whats numbers mean...

[@BDee3126]

The great jobs for skilled and young Canadians are the ones down south! Love the US!

[@user-qq4zg4gg3w]

Rich people pay little or no tax: The use Trusts, Incorporate, put Head Quarters on off-shore tax havens.

[@jumbome7420]

More incompetent spending.

[@Cheetor89]

How dare the Minister of Finance bring up John Diefenbaker, the PM who canceled the Avro Arrow, Canada's great achievement and give him Diefenbaker high praise. To me John Diefenbaker is one of the most worst PMs Canada has ever had, Justin Trudeau is #1 for worst.

[@HelnoIaint]

These criminals needed to be jailed

[@northernlight696]

Ditch the Witch! - Flush the Turd! Make yourself heard!

[@ZenCorvus]

More spending, higher taxes, higher cost of living, canada ruined more.

[@prashantadas2717]

The Canadians doing great

[@zinajamel5576]

waste of money , we need this budget for us for chidren , hospitals, education .

[@icedteabygoodhost]

"Provincial legislatures are responsible for such activities as education, health care, social welfare, and highways"

[@user-ju7qt2sq2w]

@@icedteabygoodhost How condescending!

[@Chap17]

The vast majority have nothing Ms. Freeland 😂🎉the ones who do took risk, and worked for it....yup penalize them because they didnt want to be government dependent .. how about cut your salary first❤

[@Thebeardedcanucks]

Freeland is still working on her full potential.

[@georgesimon6041]

Of ZERO

[@loretacpa]

40 000 people will bring in 19 billion in capital gain?

[@patricktruelove464]

Over 5 years, yes

[@SenorBeavis-qn3gy]

Not if they move

[@patricktruelove464]

@@SenorBeavis-qn3gy That’s what they always threaten. It never seems to happen.

[@SenorBeavis-qn3gy]

@@patricktruelove464 they actually do leave. Look at Kevin O'Leary lives in Boston

[@patricktruelove464]

@@SenorBeavis-qn3gy He’s disgraced in Canada after the drowning scandal. He can’t live here.

[@HUHA84]

Don't we have another budget for Israel and Ukraine?

[@steveyeo3697]

Reminds me of a bobblehead

[@airborne_12v]

Fail No more spending call a federal election 🗳️

[@daniellesullivan1703]

Pharma care what does that cover??????

[@slavikrogozins691]

We definitely should replace government with open source AI

[@katygonzalez2309]

Let the people come in undermine the quality of people becoming impossible to live here

[@christopherhuddart8960]

Answer the basic question CF!

[@justiceleague9658]

Fairness for every generation TO BE TAX SLAVES

[@8bitsloweh]

Kiss small businesses gone

[@twu905]

Education, education, education. This is how the government can improve productivity and earning power in Canada. Not just university graduates, but college graduates as well. We need a lot more trades people. AI is great. But you need STEM people to develop that technology.

[@guymiller2842]

Election!!!! NOW!!!!!!!!!!!!!!

[@tehabnorm]

30000 views , 200 likes .. i think the writing is on the wall.

[@thedonald1887]

bobblehead

[@ericwolf2641]

Ha ha... The Finance Minister promising billions for new homes, yet sitting next to her is the environment minister who won't build more roads😆😆 This isn't going to end well...

[@teresawilson3893]

This country is dying.

[@LockedInWithLovebirds]

This is all Jagmeet's fault. He can end this any time he wishes.

[@tcmazz]

Just answer the question - Loss cause!

[@rockyjohnson9243]

So going after the higher earners will come down on the lower ones by the way of higher costs of the products and services they provide. When will the governments learn that you can't take money from the rich that they won't get back from the poor. This in the end will cause more inflation or for some of these company's to pack up and leave to greener pastures.

[@mbogucki1]

Well "Trickle Down" economics didn't work either.

[@davedismantled]

Do you understand what inflation actually is? Higher costs loosely linked to taxation is not inflation, just so you know.

[@shauncameron8390]

@@mbogucki1 Yet the left still practice it.

[@eternity2444]

Inflation is when your dollar becomes less worthy. If no one wants your dollar, its value will go down, it will be worth less in terms of other currencies. Remember that we buy stuff made in other coubtries. We pay them our dollars. What do they buy from us? What is Canada producing and selling to the rest of the world? other countries need our dollars to buy stuff from us. If we sell less, they don't want our dollars as much. The value of our dollar comes down and our imports of stuff from other countries become more expensive. Our prices of stuff sold in stores rise. We call it inflation.

[@bff1586]

Deserves the resignation of Justin Toxic FEAST COTTAGE HOUSE Trudeau and eating debt FAMINE Freeland.

[@nightowlrecordingstudio6437]

These comments are very entertaining, and comical on the budget. The new Olympic clothing line is the big story here. I don’t get the “Canadian proud” feeling, as the old simple red and white style gave.. I don’t think I even saw a leaf now that I think about it💁‍♂️ 🇨🇦🇨🇦🇨🇦

[@ArKay-nj2nh]

2,254 Views , 15 Likes - Pretty well says it all. Wonder how many thumbs down there are ? 🤣

[@ccheg3949]

Does she ever zip it?? Bla blah blah blah blah!!!

[@BDee3126]

4:54 Global News got Ursula on for an interview holy cow!😮😳

[@moospeed813]

If you believe Justin Trujoke, Jughead Singh, and Chrystia Creepland, I feel sorry for you.

[@GregoryJByrne]

"This generation shall not pass away until all these things come to pass." Come to Jesus!

[@fahqahsowl6498]

re: The Olympic outfits... Those were subdued???

[@Bobcagon]

No point in going to check out what CBC You Tube comments say…. As usual they turn comments off because they don’t want to hear what you have to say. They will take that $40,000,000 tax payer donation though.

[@slavikrogozins691]

Canada us maybe least mest up in g7 but g7 is not doing too well. Compair to history or globaly not to defective bunch.

[@denzilcaldeira]

This Election I tend to be a Common Sense Conversative rather than a Nonsense Liberal....Period 🙂

[@roystapleton677]

Global is turning into cbc

[@winstonsmith935]

What’s yours is mine says Trudeau.

[@EndofDays-7777]

Pure Mockery.

[@shakyjake2133]

Can't wait to vote out this dumpster fire.

[@kimmartino5556]

She talks like Canadians are just game board peices.