The 2024 Federal Budget of Canada addresses various issues concerning both Canadians and newcomers, such as affordable housing, immigration, inflation, and the recognition of foreign credentials. Named "Fairness for Every Generation," the budget emphasizes strategies for expanding housing supply, reducing costs, and promoting shared economic growth. It outlines plans to unlock 3.87 million new homes by 2031, aiming to address the affordability crisis in the housing market.
Additionally, the budget highlights the need to align immigration policies with housing capacity to alleviate pressure on the housing market. It also focuses on combating inflation by implementing measures to lower everyday costs for Canadians and holding corporations accountable.
The budget includes initiatives to improve access to affordable groceries, enhance internet connectivity in rural and remote areas, and reduce banking fees. Furthermore, it emphasizes investing in skills development and innovation to create high-paying jobs and promote economic growth. Overall, the budget aims to build a Canada where everyone has a fair chance at a good life and economic prosperity.
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