Close X
Sunday, November 24, 2024
ADVT 
National

Poll suggests half of Canadians have negative opinion of latest Liberal budget

Darpan News Desk The Canadian Press, 24 Apr, 2024 10:09 AM
  • Poll suggests half of Canadians have negative opinion of latest Liberal budget

A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.

Just shy of half the respondents to Leger's latest survey said they had a negative opinion of the federal budget, which was presented last Tuesday. 

Only 21 per cent said they had a positive opinion, and one-third of respondents said they didn't know or preferred not to answer. 

Still, 65 per cent of those surveyed said the plan to spend $8.5 billion on housing, aimed at building 3.9 million homes by 2031, is good for the country. 

The Liberals made a series of announcements in the weeks leading up to the budget, with a heavy emphasis on housing measures. 

When asked about the response to the budget at a press conference on Wednesday, Prime Minister Justin Trudeau said his government is focused on "fairness for every generation."

"I am confident that as Canadians see these measures happening, they will start being more optimistic about our economy," he said.

Leger's poll of 1,522 Canadians last weekend can't be assigned a margin of error because online surveys are not considered truly random samples. 

People in Alberta were most likely to say they had a very negative impression of the budget, with 42 per cent selecting that option compared to 25 per cent across the entire country. 

More than half of the people who took the poll said they are in favour of the government's plans to spend more on energy efficiency, national defence and student-loan forgiveness for health care and education workers. 

And 56 per cent said they think the increase to the capital gains tax inclusion rate — a move that's estimated to raise another $19.4 billion in revenue over the next four years — is a good thing. 

The Liberals are billing the change as critical to their plan to improve generational fairness by taxing the ultra-rich. 

It has drawn criticism, including from the Canadian Medical Association, which warned on Tuesday that it could affect the country's ability to recruit and keep physicians.

The budget proposes to make two-thirds of capital gains — the profit made on the sale of assets — taxable, rather than half. For individuals, this would apply to profits above $250,000, but there is no lower threshold for corporations. 

The medical association said many doctors will face higher taxes because they have incorporated their practices and used those companies to save for retirement.

While the Liberals are aiming changes to the capital gains tax at younger Canadians including millennials and gen-Zers, Leger's poll found it had the support of 60 per cent of respondents over the age of 55 — the highest among any age group.

People between 18 and 35 were least likely to support the Liberal plan to spend another $73 billion on defence in the next two decades. Just 45 per cent of respondents in that age group said ramping up defence spending is good for the country, compared with 70 per cent of people over the age of 55.

Leger also asked questions about the country's fiscal future.

Almost half the respondents, 47 per cent, said they want to see the government cut back on spending and programs to get the budget balanced as quickly as possible. 

Just 16 per cent said spending more and running large deficits is the best plan for the next five years, and 14 per cent want to see the government increase taxes to bring the deficit down. 

MORE National ARTICLES

Hit and run in Victoria

Hit and run in Victoria
Police in Victoria are looking for a suspect who drove a stolen vehicle into a residence, causing significant property damage before fleeing the scene. Police say a resident from the home reported the crash on March 25, and investigators could not find the suspect despite help from a police dog unit.  

Hit and run in Victoria

B.C. man convicted of child exploitation for involvement in international porn ring

B.C. man convicted of child exploitation for involvement in international porn ring
A British Columbia man has been convicted for his involvement in an international online group dedicated to trafficking child pornography. The province's RCMP division says in a release that 34-year-old Joel Andy Daigle from Surrey was charged with child exploitation in April 2020 and has been sentenced to an 18-month conditional term to be served in the community.

B.C. man convicted of child exploitation for involvement in international porn ring

Lamborghini 'joyride' by 13-year-old ends in total writeoff: West Vancouver police

Lamborghini 'joyride' by 13-year-old ends in total writeoff: West Vancouver police
Police in West Vancouver say a “joyride” by a 13-year-old in a Lamborghini set off a single-vehicle crash that resulted in a total writeoff by the insurance company. Police say in a news release issued Wednesday that they were called to a report of a crash last week and found the Lamborghini Huracan badly damaged in a ditch.

Lamborghini 'joyride' by 13-year-old ends in total writeoff: West Vancouver police

Woman found dead in South Vancouver

Woman found dead in South Vancouver
Police say a woman has been found dead in south Vancouver. An investigation is now underway in an area near the Fraserview Golf Course. 

Woman found dead in South Vancouver

Decline in home sales: GVREB

Decline in home sales: GVREB
Greater Vancouver's real estate board says there were about 24-hundred home sales in the region last month. It represents a 4.7 per cent decrease from the roughly 25-hundred sales recorded in March last year. 

Decline in home sales: GVREB

B.C. government targets 'profiteers' with legislation to bring in flipping tax

B.C. government targets 'profiteers' with legislation to bring in flipping tax
Finance Minister Katrine Conroy told the legislature that the tax is aimed at speculators who use housing only to turn a quick profit and it will make "profiteers think twice about a practice that inflates housing costs during a housing crisis."

B.C. government targets 'profiteers' with legislation to bring in flipping tax