Close X
Wednesday, November 27, 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

B.C. to add 240 complex-care housing units in communities throughout the province

B.C. to add 240 complex-care housing units in communities throughout the province
British Columbia is planning to add 240 new units to its complex-care housing program, providing homes for people with mental-health and addictions challenges that overlap with other serious conditions. The Ministry of Mental Health and Addictions says in a statement 200 of the units will be located in Abbotsford, Burnaby, Kamloops, Kelowna, Nanaimo, New Westminster, Prince George, Sechelt, Surrey, Vancouver and Victoria.

B.C. to add 240 complex-care housing units in communities throughout the province

B.C. port terminal among sites blocked in co-ordinated pro-Palestinian protests

B.C. port terminal among sites blocked in co-ordinated pro-Palestinian protests
A blockade by pro-Palestinian protesters at a major port terminal in Metro Vancouver disrupted operations for several hours before dispersing on Monday. Terminal operator GCT Canada said the protesters' actions were illegal and stopped container trucks from accessing the Deltaport facility by blocking the Roberts Bank causeway for several hours.   

B.C. port terminal among sites blocked in co-ordinated pro-Palestinian protests

B.C. woman found dead after alleged abduction, man arrested: RCMP

B.C. woman found dead after alleged abduction, man arrested: RCMP
An RCMP investigation into the alleged abduction of a woman from Lumby, B.C., has turned into a probe of a suspicious death. Mounties say in a statement that officers with the North Okanagan detachment found the woman's body in a rural area on Sunday, and a man believed to have been involved was arrested in the vicinity. 

B.C. woman found dead after alleged abduction, man arrested: RCMP

B.C. celebrates 10 billion seedlings planted since 1930

B.C. celebrates 10 billion seedlings planted since 1930
British Columbia officials are celebrating the planting of 10 billion seedlings since reforestation efforts began nearly a century ago. A statement from the Forests Ministry says two billion of those seedlings have been planted in the last seven years.

B.C. celebrates 10 billion seedlings planted since 1930

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop
Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates. The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems last month, a 9.5-per-cent decline from March 2023.

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii
The B.C. government and the Council of Haida Nation have signed an agreement officially recognizing Haida Gwaii's Aboriginal title, more than two decades after the nation launched a legal action seeking formal recognition. 

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii