Highlights from the 2013 federal budget
Federal Finance Minister Jim Flaherty tabled his 2013 budget Thursday. Click for a look at some of the hightlights.
Deficit grows in the short-term but on track to balanced budget, says Flaherty
Federal Finance Minister Jim Flaherty tabled his 2013 budget Thursday. Here is a look at some of the hightlights:
- $900 millionin new spending, no new taxes or tax cuts
- $400 millionin revenue from closed tax loopholes and enforcement
- Deficit grows to $18.7 billionup $2.2 billionfrom November update
- Creation of a new Canada Job Grant next year to train workers
- New 10-year, $14.4 billion infrastructure fund starting in 2014
- $241 million overfive years for First Nations skills training
- $1 billion over 5 years for aerospace industry and research
- Snitch line and rewards to catch international tax cheats
- CIDA wrapped into renamed Foreign Affairs, Trade and Development
- Gas tax fund for cities to increasetwo per centeach year
- Tariffs eliminated for most imported sports goods, kids clothing
- For small business, extension of EI credit for new hires
- $119 million overfive years to transition homeless off the streets
- "Super" tax credit to encourage young Canadians to donate
- Expanded tax credit for adoption-related expenses
- $8 million to refurbish Toronto's Massey Hall concert venue
- Sick leave on the table in public sector labour talks
- Refund for veterans funerals and burials doubled to $7,376