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Compare Canadian Fed Budget highlights
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To
22/03/2011 22:06:02
General information
Forum:
Politics
Category:
Budgets
Miscellaneous
Thread ID:
01504617
Message ID:
01504646
Views:
44
You guys have an enviable government. Maybe part of it is politicians not thinking they are waging jihad against the other party.

>From http://www.cbcnews.ca
>
>On the economy:
>
>- No tax hikes or cuts, no major new spending programs and no substantial spending cuts.
>
>- Keeps government on track for a balanced budget within six years through the combination of economic growth and spending restraints. The end of the federal stimulus program, by itself, will cut the 2011-12 deficit to $27.6 billion from a revised $40.5 billion in 2010-11.
>
>- Economic growth (real gross domestic product) of 2.9 per cent, based on the average outlook of private sector economists.
>
>- Government acknowledging risk of global uncertainty by downgrading predicted growth in nominal GDP to $10 billion over previous year, from economists' projection of $20 billion.
>
>For families and seniors:
>
>- A family caregiver tax credit of up to $300 for people caring for infirm spouses, common-law partners and children.
>
>- A tax credit on children's art programs, amounting to $75 on $500 spent
>
>- A top-up for the lowest third of seniors receiving the Guaranteed Income Supplement, up to $50 a month for singles and $70 a month for couples
>
>For communities and cities:
>
>- Tax credit equal to $450 a year for volunteer firefighters in rural areas
>
>- Forgiveness of student loans of up to $40,000 for new doctors and $20,000 for nurses in remote and rural areas
>
>- Legislation to enshrine as permanent the annual $2 billion Gas Tax transfer for municipal infrastructure
>
>For business and workers:
>
>- A hiring credit that provides a one-year EI break of up to $1,000 for 525,000 small businesses.
>
>- Continuation of the temporary accelerated capital cost allowance on machinery and equipment
>
>- A "Helmets to Hardhats" program to help ex-military members to find work in the construction industry.
>
>- Elimination of mandatory retirement for federally regulated employees
>
>- Creation of 10 new Canada Excellence Research Chairs at universities and 30 industrial research chairs at colleges and polytechniques
>
>- No change in plan to cut corporate taxes to 15 per cent by 2012.
>
>Other initiatives:
>
>- Return — for one year — of the ecoEnergy Home Retrofit program to encourage residential energy efficiency
>
>- Renewal of the $22-million Own the Podium program to support elite Olympic athletes.
>
>- $100 million over five years for the Canadian Food Inspection Agency to improve food inspection capacity.
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