The federal budget came down just hours after the province delivered its 2022 budget.
It includes funding—$475 million—for a one-time direct payment of $500 for Canadians who are facing challenges with housing affordability. The details, including eligibility requirements, are yet to be announced.
A dental care program for children under the age of 12 will be introduced this year for families with an annual income of $70,000 or less. That program is expected to be expanded to children up to the age of 18, seniors and people living with a disability by 2023, with full implementation by 2025 with certain limitations.
A big focus of this year’s federal budget is the rising cost of housing in many parts of the country. Ottawa’s plan includes a two-year moratorium on the foreign purchase of residential properties in Canada, which has been driving up markets to unaffordable levels in many parts of the country.
Defence spending will increase by $6.1 billion over five years, $500 million in military aid is being provided to Ukraine, and another $1 billion in loans is being offered to the Ukraine government.
