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Federal budget will include tax hike for wealthy Canadians, sources say

Federal budget will include tax hike for wealthy Canadians, sources say

Federal budget will include tax hike for wealthy Canadians, sources say
Apr 15, 2024 45 secs

Politics Tuesday's federal budget will include a tax increase on the richest Canadians, sources tell Radio-Canada.

It's not clear exactly what form the tax measure will take but senior Liberal sources have told Radio-Canada that it will affect less than 1 per cent of Canadians.

It's not clear exactly what form the tax measure will take but senior Liberal sources have told Radio-Canada that it will affect less than 1 per cent of Canadians.

"We remain absolutely committed to being there for hardworking middle-class Canadians, and then we won't raise taxes on them," she said last week.

In last year's federal budget, the Liberals introduced significant changes to the alternative minimum tax rate.

The House of Commons finance committee has recommended the federal government implement a windfall tax on companies in all sectors that generate "oversized" profits during crises, as well as grocery giants, to fund another doubling of the GST rebate.

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