Well, it's difficult to say for certain. However, the GST holiday that was recently announced is in this fiscal year. The $250 cheques, if they were approved by Parliament, would probably be in the next fiscal year, so there is a possibility that it will not significantly affect the capacity of the government to meet its fiscal anchor. However, based on our assessment, it is quite possible that the declining debt-to-GDP ratio anchor will be at a high risk this year and, next.... It's also quite a possibility if the increase in the capital gains inclusion rate does not materialize. Then the fiscal anchor of a declining debt-to-GDP ratio would be more than jeopardized: It would be, probably, busted this fiscal year.
On December 3rd, 2024. See this statement in context.