Canada’s finance minister said on Monday, November 2, that Thursday’s budget will try to simplify taxes for small and medium-sized firms. François-Philippe Champagne did not list the changes. A senior government source told CBC that the November 5 budget is also expected to include new affordability measures, business tax incentives, and spending on infrastructure, defence, and culture.
The same account says the budget should explain earlier plans, including private investment in the four largest airports and a pledge to balance the operating budget a year early. Those are descriptions of what is expected, not measures already passed. A productivity deduction estimated at $36 billion over five years was announced in September; Monday did not create it. No grocery, rent, or fuel price was reduced in either report.
Will Thursday’s budget lower a Canadian household bill on November 2? No change taking effect Monday was announced. The verified news is a preview of measures still due to be tabled on November 5.