2022 Federal Budget Summary

On April 7, 2022, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable.

The budget proposes measures to help Canadians buy their first home, including by introducing the Tax-Free First Home Savings Account and doubling the First-Time Home Buyers’ Tax Credit. It also aims to cut taxes for Canada’s growing small businesses and includes new incentives for the development of clean technologies and carbon capture, utilization, and storage.

Read the highlights of the 2022 budget in our summary.