OTTAWA – Highlights from the federal budget tabled Thursday by Finance Minister Jim Flaherty:
- Revenues for 2013-14 forecast at $263.9 billion, spending at $282.6 billion, deficit at $18.7 billion
- Deficit projected to drop to $6.6 billion in 2014-15 and become an $800-million surplus in 2015-16
- Canada Job Grant program will be negotiated with provinces by next year to replace existing $500-million labour market agreements
- Measures will be introduced to improve skills training for the disabled
- New programs will promote apprenticeship
- Two-year extension of an accelerated capital cost allowance to help manufacturers
- Infrastructure spending of $47 billion over 10 years, starting next year
- An improved tax break for families adopting children
- $100 million over two years to support housing construction in Nunavut
- Special tax break for first-time charitable donations to encourage young people to give
- End to tariffs on baby clothes and sports gear, including skates, hockey sticks, skis and golf clubs
- Canadian International Development Agency to be merged with Foreign Affairs
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So, they hope to create a more competitive environment for financial services after asking Manulife to stop being so competitive. We will not tax income trusts. Does he have no shame? Mr. Flaherty should be recognized and remembered as the bold-faced liar that he is.