Professional Documents
Culture Documents
Federal Budget 2011
Federal Budget 2011
Federal Budget 2011
Personal Corporate Other excise taxes Other revenues Our plan does not say “yes” to every
income tax income tax /duties $10.9 $27.5 demand; it does not contain massive
$119.9 $32.1 Customs import new spending—because that’s not
EI premium
duties $3.8 revenues $18.9 leadership. Leadership is about
Reintroducing ecoEnergy tax
finding a balance between needs. credit for homeowners to
(figures in GST — Finance Minister Jim Flaherty invest in energy efficiency
billions of Other $30.1
Federal Budget 2011-12
$252M
dollars) income
Breaking
tax $5.8
$228M
TOTAL $249.1
down the For repairs to bridges in Montreal
$150M
budget
DEFICIT $29.6 BILLION REVENUES BILLION To build a highway from Inuvik, N.W.T.
to Tuktoyaktuk on the Arctic Ocean
r you
What it means fo $278.7
SINGLE PERSON
TOTAL
EXPENSES
s here.
BILLION $100M
To improve Canada’s food
No cuts or increase inspection system
FAMILIES
• No new taxes. up to
• New tax credit of the
$500 per child fo
r on
$80M
Industrial research assistance
llin g in art or
cost of enro program to help colleges and
mus ic pr og ra m s. businesses collaborate
caregiver
• A $2,000 family g for
$72M
rin
credit for those ca w
m m on -la
spouses, co
ers an d ch ild ren with Fiscal
partn
special need s. Lim its arrangements To repair storm-damaged
ov ed on am ou nt $16.9 small craft harbours
rem
im for
caregivers can cla x credit.
$65M
Direct program
med ica l ex pe ns e ta Children’s Cities and Other expenses
benefits communities $1.6 $119.1
SENIORS -boost to Employment
$13.1 $2.0 More money for CBC to develop
“high quality” programming
$300 milli on
me Public debt Insurance
Guaranteed Incoto Alternative payments
$50M
en t, up an extra charges $19.5 Federal transfer
Su pp lem gle for standing programs
$600 pe r year fo r sin
$33.0 support for health and
tra $840 Elderly benefits — $3.1
seniors and an exor couples. other social programs
For Perimeter Institute for Theoretical
per year for seni $38.0 $38.7 Physics in Waterloo, Ont.
Figures may not add up due to rounding
REVENUES/EXPENSES
billions
BUDGETARY BALANCE
billions
DEBT-TO-GDP
per cent of GDP
70
$50M
$300 $10 projected
Agricultural Innovation fund
$34M
’09-’10 ’10-’11 ’11-’12 ’12-’13 ’13-’14 ’14-’15 60
0
250 -$0.3
50
200 -10 Enhance federal
-$9.5 40 student loans program
150 -20
-$19.4 30
100
revenues
-30
-$29.6 Return to budgetary 20 $27M
expenses -40
balance in 2015-16 Improving Canada’s weather services
50 +$4.2B 10
-$40.5
0
’09-’10 ’10-’11 ’11-’12 ’12-’13 ’13-’14 ’14-’15 ’15-’16
-50 0
’95-’96 ’00-’01 ’05-’06 ’10-’11 ’15-’16
$25M
projected -60 -$55.6 projected For Harbourfront Centre in Toronto