Chrystia Freeland abandons budget balance plan, adding $50 billion in debt

The government is also providing an extra GST credit for low-income Canadians, at a cost of $2.5 billion, to help with the rising cost of groceries, as inflation continues to surge.

The tax credits are Canada’s answer to the U.S. inflation reduction act, a legislative suite of proposals that the government had feared would suck in almost all new investment in green projects for initiatives like nuclear and hydrogen. Freeland said even with that additional spending, Canada still has a lower debt to GDP ratio than any other G7 nation.

The tax credits for non-emitting sources can include both new and refurbishment projects for power plants, as well as for any power lines to connect provinces. The credits can also be claimed by provincially owned utilities such as Hydro Quebec, which are typically excluded from credit programs.Article content

She is completely lost. Despite her arrogance, I actually feel bad for her. This government is an unmitigated disaster.

No surprise there.

I’m so surprised!😱 Also, wasn’t the budget supposed to balance itself!?🤡🌎

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