The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.”
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22.
The plan calls for $27.2 billion over the next five years to reduce daycare costs.
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation.
Budget 2021 includes $30 billion over five years for national childcare.
The government says $101 billion in stimulus spending is required for “sustained economic recovery.”
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999.
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998.
At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7.