Finance Minister Chrystia Freeland's budget focuses on housing, greening the economy.
CBC NewsFor sale signs in Toronto’s Beaches neighbourhood are pictured on April 7, 2022 — budget day in Canada. The federal spending plan brings in $10 billion over five years in housing initiatives.HOME-BUYING HELP
The budget promises to introduce tax-free savings accounts that would give first-time home buyers the chance to save up to $40,000. Contributions would be tax-deductible and withdrawals to buy a first home would not be taxed. The program is expected to provide $725 million in support over five years.The government is launching a new housing accelerator fund — worth $4 billion over five years — to help municipalities speed up housing development.
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