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Budget 2024: Capital gains hike coming as the wealthy asked to pay more

Deficit is projected to be $39.8 billion for the 2024-25 fiscal year
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Canadian Press

Finance Minister Chrystia Freeland delivered a federal budget Tuesday that keeps the deficit capped at $40 billion, thanks to higher-than-expected government revenues and new taxes that largely offset billions in new spending.

Freeland presented the federal budget in the House of Commons in the afternoon, which pledges $53 billion in new spending that she says is focused on economic justice for younger generations.

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