2021 Federal Budget

April 22, 2021

On April 19, 2021, the Federal Government released its 2021 Federal Budget, the first Federal Budget since 2019.

Overall, the 2021 budget minimizes short-term tax changes and moves from pandemic emergency response to recovery assistance.  The Government announced it will invest more than $101 billion in net new spending over the next three years, including roughly $30 billion over the next five years to build a national childcare system (in the next 18 months there could be a reduction of up to 50 percent in average childcare fees, with a stated goal to drive down costs within five years to just $10 a day per child, nationwide).

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