Canada's federal budget is expected to see an increase in taxes as the government aims to meet its fiscal targets. The upcoming budget is anticipated to include measures that will generate additional revenue to support the country's economic recovery and address the ongoing challenges posed by the COVID-19 pandemic.
The decision to raise taxes comes as Canada grapples with the need to balance its budget while also providing necessary support to individuals and businesses affected by the pandemic. The government is likely to introduce tax hikes on high-income earners and corporations in order to boost government revenue.
