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Published: April 24, 2024
A new poll indicated that liberals did not win over other voters with their latest budget, despite widespread support for their plan to build millions of homes.
Half of the respondents in the latest Leger poll said they had a negative opinion of the federal budget, which was presented last Tuesday.
Only 21 percent said they had a positive opinion, while one-third of respondents said they did not know or preferred not to answer.
However, 65 percent of those surveyed said the $8.5 billion spending plan on housing, which aims to build 3.9 million homes by 2031, is good for the country.
The Leger poll of 1,522 Canadians conducted last weekend cannot be assigned a margin of error as online surveys are not truly random samples.
A majority of people in Alberta confirmed they have a very negative impression of the budget, with 42 percent choosing this option compared to 25 percent nationwide.
More than half of those surveyed said they support the government's plans to spend more on energy efficiency, national defense, and relief for students in healthcare and education.
56 percent said they believe the increase in the capital gains tax inclusion rate - a step estimated to raise $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 enhance intergenerational fairness by taxing the wealthy.
This has drawn criticism, including from the Canadian Medical Association, which warned on Tuesday that it could affect the country's ability to recruit and retain doctors.
The budget suggests taxing two-thirds of capital gains - the profit earned from the sale of assets - instead of half for individuals, applying to gains over $250,000, but there is no lower threshold for corporations.
The medical association stated that many doctors will face higher taxes because they incorporated their practices and used those corporations for retirement savings.
While the liberals aim for changes to the capital gains tax for younger Canadians including millennials and Gen Z, the Leger poll found it received support from 60 percent of respondents over the age of 55 - the highest among any age group.
People aged 18 to 35 were less likely to support the liberal plan to spend $73 billion on defense over the next two decades, with only 45 percent of respondents in that age group saying that increasing defense spending is good for the country, compared to 70 percent of those over 55.
Leger also asked questions about the country’s financial future.
Nearly half of respondents, 47 percent, said they want to see the government cut spending and programs to balance the budget as soon as possible.
Only 16 percent said that spending more and running a large deficit is the best plan for the next five years, and 14 percent want to see the government increase taxes to reduce the deficit.
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