Prime Minister Mark Carney and the Liberal Government unveiled one of the most anticipated federal budgets in recent memory. It was a budget that features a record high deficit of nearly $80 billion and massive spending in areas such as defense and infrastructure. There are small personal tax measures, but the real focus seems to be on stimulating the Canadian economy in the face of unprecedented economic threats from our neighbor to the south.

 

I’m attaching a link to a summary of measures contained in the budget. Overall, I like what I see. As I said to clients at the economic presentation I hosted last week with economist, David Campbell, that despite the short-term difficulties we may face, I remain extremely optimistic about how Canada will respond in the medium and long term.

 

See the link below to learn more:

Federal budget 2025: A summary of key measures that may impact you

 

 

 

Please don’t hesitate to reach out if you have any questions.