Building a Stronger Economic Future: Key Takeaways from Federal Budget 2022

  • Victoria Guo, Director, Research, GRI
Ottawa Canadian Parliament

ABOUT THIS REPORT:

Finance Minister Chrystia Freeland delivered the federal budget (“Budget 2022”) on Thursday, April 7th, 2022. “A Plan to Grow Our Economy and Make Life More Affordable,” Budget 2022 sets out the federal government’s new spending plan of $56 billion over the next six years. A total of $9.5 billion for the 2022-2023 fiscal year will mainly focus on increasing housing supply, addressing climate change and labor shortages, and supporting Indigenous reconciliation and national defense.