2022 Federal Budget

April 12th, 2022

Friends & Partners,

Late last week the 2022 Federal Budget was presented in the House of Commons. The $408.4 billion budget includes an estimated $52.8 billion in deficit spending, adding to the federal debt.

We wanted to share a small breakdown of some of the major points in the budget, and share some next steps with you.

Here is a breakdown of some of the major points in the budget:

HOUSING: Over the next 5 years $6.5 billion dollars will be spent on creating 6000 affordable housing units across the country and developing a Canadian Housing and Mortgage corporation to support provinces and municipalities by helping subsidize the creation of affordable housing.

MILITARY: The budget included $8 billion over a five-year period to equip the Canadian Armed Forces with better equipment and training for national cybersecurity.

CLEAN ENERGY: This year’s budget focuses on investing into electric vehicles and charging stations to reduce carbon emissions from traditional vehicles. The government has committed $1.7 billion over 5 years to increasing electric vehicle affordability and $500 million over 5 years to develop 1500 new electric vehicle charging stations across the country.

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HEALTHCARE: The government pledged $5.3 billion over the next 5 years, plus an ongoing yearly $1.7 billion yearly to establish universal dental care, as a result of the Liberal-NDP alliance, despite healthcare being governed provincially.

SOCIAL SERVICES: Social services spending laid out in this budget includes a 6-year $4 billion commitment to removing barriers Indigenous children face in receiving education, healthcare etc. The budget also committed $625 million over four years to support provinces in implementing a $10 a day childcare.

Read The Full Budget Here

See A More In Depth Budget Breakdown Here

What Happens Next?

Now, Members of Parliament have 4 days of debate on the budget. In this time the Conservatives get to bring forward a proposed amendment to the budget, and the Bloc Quebecois will propose a sub amendment-both of these will be voted on by all MP’s. At the end of Day 4 the full budget plus amendments are voted on- if passed it is implemented, if it doesn’t pass it is treated as a non-confidence vote triggering an election.

Due to the new Liberal- NDP agreement, the budget is set to pass its vote- however, it is still important to reach out to Members of Parliament to express any concerns you may have about the government’s current spending habits and plans.

MEMBER OF PARLIAMENT CONTACTS:

You can find MPs by postal code here.

You can find a list of all MP’s and Senators here.

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