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Highlights of 2013 federal budget brought down Thursday
Finance Minister Jim Flaherty (left) and Prime Minister Stephen Harper prepare toenter the House of Commons to deliver the federal budget on Parliament Hill in Ottawa on Thursday March 21, 2013. THE CANADIAN PRESS/Sean Kilpatrick
OTTAWA - Highlights from the federal budget tabled Thursday by Finance Minister Jim Flaherty:
— Revenues for 2013-14 forecast at $263.9 billion, spending at $282.6 billion, deficit at $18.7 billion.
— Deficit projected to drop to $6.6 billion in 2014-15 and become an $800-million surplus in 2015-16.
— Canada Job Grant program will be negotiated with provinces by next year to replace existing $500-million labour market agreements.
— Measures will be introduced to improve skills training for the disabled.
— New programs will promote apprenticeship.
— Two-year extension of an accelerated capital cost allowance to help manufacturers.
— Infrastructure spending of $47 billion over 10 years, starting next year.
— An improved tax break for families adopting children.
— $100 million over two years to support housing construction in Nunavut.
— Special tax break for first-time charitable donations to encourage young people to give.
— End to tariffs on baby clothes and sports gear, including skates, hockey sticks, skis and golf clubs.
— Canadian International Development Agency to be merged with Foreign Affairs.
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