Federal Budget 2022 : Making sense of what’s next

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered Budget 2022 – A Plan to Grow Our Economy and Make Life More Affordable on April 7, 2022.

The first federal budget since the 2021 federal election and the second since the Covid-19 pandemic began.

Budget 2022 is influenced by a range of factors, including the Liberal government’s spending promises from the election, new spending promises made through the supply-and-confidence agreement with the NDP, the need to balance pandemic relief spending, an affordable housing crisis, a redoubled focus on addressing climate change, and ongoing global economic uncertainty against the backdrop of the invasion of Ukraine.

For more information on the tax measures announced in the 2022-2023 budget, please download our Tax Bulletin.