"Canada's New Budget: Capital Gains Tax Hike Targets Housing Crisis and Appeals to Gen Z"

Canada plans to raise capital gains taxes on businesses and wealthy individuals to fund new spending initiatives aimed at addressing housing affordability and supporting young people. The tax change, which will apply to both companies and individual taxpayers, is expected to generate billions in revenue for the government. The move comes as Prime Minister Justin Trudeau's administration faces declining popularity due to concerns over high housing costs. The budget also includes significant increases in program spending, leading to higher borrowing and public debt charges, while aiming to keep the deficit under control.