Prime Minister Justin Trudeau has already said the budget will not boost taxes on the middle class. The news of the tax increase was first reported by French language public broadcaster Radio-Canada.
(Reporting by Reuters Ottawa bureau)
Real-time Estimate TTMZero 06:21:21 2024-05-16 am EDT | 5-day change | 1st Jan Change | ||
1.481 CAD | +0.06% | +0.40% | +1.33% |
May. 12 | Canadian police arrest fourth man for murder of Sikh leader Nijjar | RE |
May. 09 | Canadian business groups urge government to scrap capital gains tax hike | RE |
OTTAWA, April 15 (Reuters) - The federal budget that Canada's Liberal government is due to present on Tuesday will increase taxes on the wealthiest individuals, a source familiar with the matter said on Monday, but gave no details.
Prime Minister Justin Trudeau has already said the budget will not boost taxes on the middle class. The news of the tax increase was first reported by French language public broadcaster Radio-Canada.
(Reporting by Reuters Ottawa bureau)