What Carney's federal budget includes for everyday Canadians

Rumour's

#cdnpolitics #cdnpoli #GlobalNews The 2025 federal budget was delivered Tuesday as many Canadians continue to struggle with the cost of living.   Youth unemployment is also at its highest rate since 2010, excluding the COVID-19 pandemic. But as Anne Gaviola explains, there weren't a lot of nuggets that appealed to everyday Canadians.

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00:00Our senior business correspondent Anne Gaviola has been looking for what's in this budget for

00:04individual Canadians. Anne. Well, Donna, the budget re-announced some commitments like the

00:10middle class tax cut and scrapping the consumer carbon tax. But in terms of new things, not a lot

00:15of nuggets in the budget to appeal to everyday Canadians. There are items that are framed as

00:20lowering costs and protecting consumers that won't actually cost the federal government all that much,

00:25like a pledge to review bank fees and what financial institutions charge to send e-transfers

00:31and use ATMs. Also, a change that could be important to households living paycheck to paycheck.

00:37The feds are set to change the amount of money Canadians can immediately access from a deposited

00:42check, bumping it up to $150 from $100. The plan is also to allow faster access to funds deposited

00:50electronically. So a shortening of that waiting period. On the housing front, we already knew

00:56about the removal of GST for first-time homebuyers, as well as the Build Canada Homes Fund of more than

01:02$13 billion over five years. But surprisingly, nothing more or new aimed at improving housing

01:09affordability. Donna? White and Gaviola, thank you.

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