2011 Canadian federal budget

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2011 (2011) Budget of the Canadian Federal Government
2010
2012
Presented March 22, 2011, then again June
Passed Passed
Parliament 41st
Party Conservative
Finance Minister Jim Flaherty
Total revenue C$235.6 billion[1]
Total expenditures C$276.0 billion[1]
Program Spending C$278.7 billion[1]
Debt payment C$33.0 billion[1]
Deficit C$29.6 billion[1]
Debt C$586.0 billion[1]
Website http://www.budget.gc.ca/2011/plan/Budget2011-eng.pdf The Next Phase of Canada's Economic Action Plan—A Low-Tax Plan for Jobs and Growth
Numbers in italics are projections.

The Canadian federal budget for the 2011-2012 fiscal year was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on March 22, 2011, then again in June following a May 2 election.

On June 13, "the budget passed by a vote of 167 to 131, with four Bloc Québécois MPs voting in support and the other opposition parties voting against it" [2]

Proposals[edit]

  • Increasing the Guaranteed Income Supplement (GIS) for seniors who rely Old Age Security and the GIS.
  • Tax credits for family caregivers, children's arts and crafts programs and Volunteer fire-fighters.
  • Student loan forgiveness for doctors and nurses who re-locate to remote or rural areas.
  • "Strengthening the Charitable Sector" - measures to enhance the ability of Canadians to give with confidence to charities, and to help ensure that more resources are available for legitimate charities.
  • Increase in the EI premium tax from 1.78% to 1.83% affective January 1, 2012

Opposition[edit]

All three opposition parties rejected the budget in statements made after the budget speech:

A motion of non-confidence was passed on March 25, 2011. While this motion, which found the government in contempt of Parliament, did not relate specifically to the budget, it had the practical effect of dissolving parliament and killing any legislation under consideration. An election was held May 2, 2011. The Conservatives went from a minority position in the House of Commons to a majority, paving the way for the re-introduction of the measures contained in the budget.

References[edit]

  1. ^ a b c d e f Government of Canada, Department of Finance. "Budget 2011 - Chapter 5: Plan for Returning to Balanced Budgets". Retrieved 2011-03-23. 
  2. ^ "Federal budget passes House of Commons vote". CBC News. June 13, 2011. 
  3. ^ Fitzpatrick, CBC News Posted: 4:06 PM ET Last Updated: Mar 22, 2011 10:29 PM ET, Meagan (Mar 22, 2011). "Opposition leaders reject federal budget". CBC.ca (Canadian Broadcasting Corporation). Retrieved Mar 23, 2011. 
  4. ^ "Jack Layton Does Not Support the Federal Budget". eCanadaNow.ca. eCanadaNow. March 23, 2011. Retrieved March 23, 2011. 
  5. ^ Smith, Joanna (March 23, 2011). "Why Layton said ‘no’ to federal budget". The Toronto Star (Toronto: Torstar). Retrieved March 23, 2011. 

External links[edit]