Federal budget 2024: Some of the winners and losers [Video]

OTTAWA –

With a variety of fiscal and policy measures announced in the federal budget, here’s a look at some of the winners and losers:

Winner: Small businesses

Carbon tax rebates for small businesses are coming, five years after consumers began receiving their share. The measure is “a big relief,” says Dan Kelly of the Canadian Federation of Independent Businesses, which represents the sector. The budget says as many as 600,000 small firms would be eligible for a share of $2.5 billion.

• CTV News’ special coverage of the federal budget begins 4 p.m. ET on CTVNews.ca, CTV News Channel and the CTV News app

Loser: tobacco industry

The federal government will collect an additional $4 per carton of 200 cigarettes starting Wednesday, on top of the $1.49 added on April 1 as part of an automatic inflation adjustment. For vaping products, singled out in the budget as a public-health issue affecting younger Canadians who have been …