News
2010 Federal Budget

Friday, March 12, 2010

2010 Federal Budget Overview
On Thursday, March 4, 2010, Federal Finance Minister Jim Flaherty delivered his fifth budget since assuming the finance portfolio.  Although it completes the government’s tax relief and spending provisions announced in last January’s “Economic Action Plan” to help stimulate the economy, it is a more restrained Budget than the past few years.  The Budget contains no major surprises or significant shifts in government economic or fiscal policy. Specifically, it does not propose to raise taxes or cut major transfers for health care, education or pensioners.  Instead, the Budget relies on cuts to defense spending and foreign aid, along with future departmental spending freezes, to attempt to reduce the deficit by 2015.

For more information see the full article here…