Budget 2024: Fairness for Every Generation

Solving the Housing Crisis

  • Unlocking 3.87 million new homes.
  • Creating a new Canadian Renters’ Bill of Rights so that renters can bargain fairly.
  • Establishing the Tenant Protection Fund to better protect tenants against unfair rising rent payments, renovictions, or bad landlords.
  • Making sure renters get credit for on-time rent payments to help them qualify for their first mortgage.
  • Launching Canada Builds: a partnership with provinces and territories to build more rental housing across the country.
  • Making it easier for builders to build apartments across Canada through the Apartment Construction Loan Program and removing the GST from new rental housing.
  • Streamlining foreign credential recognition in the construction sector to help skilled trades workers build more homes.
  • Incentivizing Canada’s educational institutions to build more student housing.

Lowering the Cost of Living

  • Stabilizing the costs of groceries by strengthening competition in the grocery sector.
  • Building more $10-a-day child care spaces.
  • Launching a new National School Food Program to support 400,000 more kids every year.
  • Cracking down on junk fees to make prices fairer and help middle-class Canadians keep more of their money in their pockets.
  • Enhancing free and affordable banking options and capping certain fees at $10.
  • Building on progress to strengthen the right to repair, so Canadians can repair their broken appliances and devices—and at a fair price.

and Growing an Economy that Works for All Canadians

  • Making the ultra-wealthy pay a little bit more so we can invest in affordable housing, deliver better public health care, and grow the middle class.
  • Securing Canada’s AI advantage to help Canadian researchers, start-ups, and businesses access remain competitive.
  • Launching the Indigenous Loan Guarantee Program to unlock access to capital for Indigenous communities.
  • Boosting supports for Canadian businesses to purchase the equipment they need to boost productivity and compete in the economy of tomorrow.
  • Providing further tax relief to secure the future of Canadian small businesses and create good jobs for generations to come.
  • Helping increase access to mental health services for young Canadians through the new Youth Mental Health Fund.
  • Delivering the Canada Disability Benefit to increase the financial well-being of over 600,000 persons with disabilities.