Federal Budget to Raise Taxes on Wealthy Canadians

Tuesday's federal budget will introduce a tax hike for the wealthiest Canadians, affecting less than 1% of the population, according to Radio-Canada sources. Prime Minister Trudeau's recent pre-budget announcements total over $38 billion in commitments. Finance Minister Chrystia Freeland has confirmed no tax increases for the middle class. Last year, tax changes targeted Canadians earning over $300,000. The finance committee also proposed a windfall tax on profitable companies to double the GST rebate.