Canada’s Budget Dangers Ahead

Inflation and the case against increasing taxes

Minister of Finance Chrystia Freeland delivers the 2020 fiscal update in the House of Commons on Nov. 30, 2020. The Liberals will deliver the first budget in two years on April 19. The Canadian Press/Sean Kilpatrick

Commentary

The Liberal government’s budget finally comes down on April 19, the first in two years. On April 5, The Financial Post evaluated the case for and against a capital gains tax on the sale of a principal residence, and on April 9 Terence Corcoran commented that other tax increases seem certain.