2008 Canadian federal budget

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2008 (2008) Budget of the Canadian Federal Government
Canadian Fed Govt revenues - 2008.png
Presented February 27, 2008
Parliament 39th
Party Conservative
Finance minister Jim Flaherty
Total revenue C$236.4 billion[1]
Total expenditures C$237.4 billion[1]
Program Spending C$206.76 billion[1]
Debt payment C$30.7 billion[1]
Deficit C$5.8 billion[2]
Debt C$458.7 billion[1]
Website http://www.budget.gc.ca/2008/pdf/plan-eng.pdf Responsible Leadership

Numbers in italics are projections.


The Canadian federal budget for the 2008-2009 fiscal year was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on February 26, 2008.[3]

The budget included a surplus of $10.2 billion to be applied to pay down federal debt, and the introduction of the Tax-Free Savings Account (TFSA).[4]


  1. ^ a b c d e Department of Finance Canada (January 27, 2009). "Canada's Economic Action Plan: Budget 2009" (PDF). Department of Finance Canada. Archived (PDF) from the original on 2009-05-22. Retrieved 2009-05-08. 
  2. ^ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. 18 March 2014. Retrieved 25 April 2015. 
  3. ^ "CBC News In Depth: Federal Budget 2008". cbc.ca. 2008-02-26. Archived from the original on 3 March 2009. Retrieved 2009-02-17. 
  4. ^ "Small change for tighter times". The Globe and Mail. 2008-02-27. Archived from the original on 18 February 2009. Retrieved 2009-02-17. 

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