Housing aside, federal budget ignores ‘priorities’ of Ontario government

EDITOR’S NOTE: This article originally appeared on The Trillium, a Village Media website devoted to covering provincial politics at Queen’s Park.

Nor did it include any new funding for any of the priority infrastructure projects the Ontario PC government had asked for. The Trudeau government’s budget also promises to improve and advance consultation processes with Indigenous communities. The Ford government has been trying to win First Nations’ support for opening up the Ring of Fire. First Nations in the area are also expected to play a key role in the regional impact assessment.

The Trudeau government’s budget did not add any new funding to its Investing in Canada Infrastructure Program or the Canada Community-Building Fund — the federal government’s main infrastructure-funding stream. The federal government plans to spend a combined $56.1 billion on infrastructure projects through the two programs over the next decade, including $20.3 billion on projects in Ontario.

However, the Trudeau government’s 2024 budget proposes several tax changes, with the most significant aspect of the “improving tax fairness” portion of its budget being targeted at the highest-earning Canadians. The federal Liberals are proposing to increase the highest capital gains tax rate.

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