How the 2022 federal budget impacts you

The federal government unveiled its highly-anticipated spring budget on Thursday, with a focus on trying to make life more affordable for Canadians while attempting to rein in pandemic-level spending.

CTVNews.ca analyzed the document and identified key items that, if passed in Parliament, would aim to bring relief to some would-be home owners, support those struggling with dental bills, help incentivize greener choices, progress reconciliation and inclusivity, and provide some solace to Canadians concerned about an increasingly unstable world sparked by the war in Ukraine.

Here’s how the Liberals’ budget may impact or be of interest to you:

The budget acknowledges that Canadians are struggling with the costs of living and, namely, the ability to afford a home. The Liberals attribute this problem primarily to a supply shortage and have committed to double construction of new housing over the next decade through Budget 2022 initiatives in conjunction with provincial and municipal programs. In the interim, they’ve targeted a few programs directly at Canadians to help with soaring home costs.

One of the big-ticket items in Budget 2022 is a proposal to establish a national dental care plan, which the Liberals had already agreed to prioritize following the signing of their confidence-and-supply agreement with the NDP. As it stands today, a third of Canadians don’t have insurance for dental care.