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Please see the discussion on the talk page. | The Canadian federal budget for the 2007-2008 fiscal year was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on March 19, 2007. The federal budget included $14 billion in new spending and $5.7 billion in tax cuts. This is the current Conservative government's second budget, and its implementation depends on the support of at least one of the opposition parties. This budget is expected to pass with the support of the Bloc Québécois's members. The 2006 budget also had the support of the Bloc but not the NDP or Liberals. However, due to a procedural mixup that budget passed with unanimous support. Image File history File links Current_event_marker. ...
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The House of Commons (French: Chambre des communes) is a component of the Parliament of Canada, along with the Sovereign (represented by the Governor General) and the Senate. ...
The Minister of Finance is one of the most important positions in the Cabinet of Canada. ...
Hon. ...
March 19 is the 78th day of the year in the Gregorian calendar (79th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ...
In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending, expected government revenue, and forecasted economic conditions for the upcoming year. ...
The initial seat distribution of the 39th Canadian Parliament Stephen Harper is the Prime Minister of the 39th Parliament. ...
The Bloc Québécois is a centre-left federal political party in Canada that is devoted to the promotion of sovereignty for Quebec. ...
Jim Flaherty pauses while presenting the budget to parliament, as Rona Ambrose looks on. ...
The New Democratic Party (NDP; Nouveau Parti démocratique in French) is a political party in Canada with a progressive social democratic philosophy that contests elections at both the federal and provincial levels. ...
The Liberal Party of Canada (French: ), colloquially known as the Grits (originally Clear Grits), is a Canadian federal political party. ...
Some of the key items in the budget are:
- Introduce a $2,000 tax credit per child under the age of 18
- Provide $39 billion in new funding for health, education and infrastructure to improve the fiscal balance between the federal and provincial governments
- Creating a new National Anti-Drug Strategy to crack down on gangs and the drug trade
- Additional funding for RCMP programs to combat child predators on the internet
- $4.5 billion to clean up Canada's environment and combat climate change
- $612 million to reduce patient wait times in the health care system
- Give up to $2000 to those who purchase low emissions vehicles, while taxing up to $4000 on inefficient ones (excludes trucks)
- Introduce a Working Income Tax Benefit of up to $1000 for families and $500 for individuals to help up to 1.2 million Canadians stay off welfare
- $250 million per year for provinces to be spent on the creation of new child care spaces
- Increase post-secondary education funding by 40%
These expenditures and cuts have led to some belief that this is pre-election budget, aimed at enticing voters. [1] An election is a decision making process where people choose people to hold official offices. ...
Opposition
The Liberal Party of Canada and the New Democratic Party announced shortly following the presentation of the budget that they will not support in its current form. The Liberal Party of Canada (French: ), colloquially known as the Grits (originally Clear Grits), is a Canadian federal political party. ...
The New Democratic Party (NDP; Nouveau Parti démocratique in French) is a political party in Canada with a progressive social democratic philosophy that contests elections at both the federal and provincial levels. ...
Green Party of Canada leader Elizabeth May stated in an interview that, if her party were to hold seats in Parliament, they would not support the budget as it does not adequately address the issue of climate change. Recent opinion polls have shown support for the Greens at 13% nationally, fuelling speculation that they may win seats in the next general election. The Green Party of Canada is a Canadian federal political party founded in 1983. ...
Elizabeth May at the June 21, 2006, leadership debate of the Green Party of Canada. ...
Nova Scotian politicians have criticized the new equalization plan, as it cuts back payments on the assumption that various offshore programmes will result in increased revenues. Rodney MacDonald has stated that this situation is caused the by the few Nova Scotian seats in the Federal Cabinet. [2] This is expected to be a cut of approximately 5 million dollars. [3] Motto: Munit Haec et Altera Vincit (Latin: One defends and the other conquers) Official languages English, French (Canadian Gaelic) [] Capital Halifax Largest city Halifax Regional Municipality Lieutenant-Governor Mayann E. Francis Premier Rodney MacDonald (PC) Parliamentary representation - House seats - Senate seats 11 10 Area Total - Land - Water (% of total) Ranked...
Rodney Joseph MacDonald, MLA (born January 2, 1972) is an educator and politician and the current Premier of Nova Scotia, Canada. ...
Parti Quebecois leader Andre Boisclair spoke in opposition to the budget, saying that the new money for Quebec was part of an effort to buy votes for the federalist Liberal Party of Quebec before the March 26th 2007 provincial election.[4] The Parti Québécois or PQ is a left wing political party that advocates national sovereignty for Quebec from Canada. ...
Official leadership campaign picture of André Boisclair. ...
The Parti libéral du Québec (Liberal Party of Quebec), or PLQ, is a liberal political party in the Canadian province of Quebec. ...
March 26 is the 85th day of the year in the Gregorian Calendar (86th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ...
The Quebec general election of 2007 will be held in the province of Quebec, Canada, on March 26, 2007. ...
References - ^ http://thechronicleherald.ca/Canada/565500.html "Federal budget could be prelude to election" Halifax Chronicle-Herald.ca,
- ^ http://www.cbc.ca/canada/nova-scotia/story/2007/03/20/ns-fedbudget.html "Equalization Plan unfair, Macdonald says", CBC.ca
- ^ http://thechronicleherald.ca/Front/565615.html "No fiscal fairness for N.S.", Halifax Chronicle-Herald
- ^ http://news.yahoo.com/s/nm/20070320/wl_canada_nm/canada_quebec_election_col_4 "Ottawa's cash stirs up Quebec election campaign", Reuters
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- CBC's report on the budget.
The Chronicle-Herald is a broadsheet published in Halifax, Nova Scotia. ...
Canadian Broadcasting Corporation Cipher-block chaining ...
The Chronicle-Herald is a broadsheet published in Halifax, Nova Scotia. ...
Reuters Group plc (LSE: RTR and NASDAQ: RTRSY); pron. ...
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