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1998 Canadian federal budget

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1998 (1998) Budget of the Canadian Federal Government
Presented24 February 1998
Parliament36th
PartyLiberal
Finance ministerPaul Martin
Total revenue165.520 billion[1]
Total expenditures159.741 billion[1]
Surplus$5.779 billion[1]
‹ 1997
1999

The Canadian federal budget for fiscal year 1998–1999 was a presented by Minister of Finance Paul Martin in the House of Commons of Canada on 24 February 1998.[2]

Taxes

Personal income taxes

Despite no explicit mention in the budget itself, the Labour-sponsored venture capital corporation tax credit maximum yearly amount was increased from $525 to $750 starting in fiscal year 1998.[3]

References

  1. ^ a b c "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
  2. ^ "La Presse". numerique.banq.qc.ca. 25 February 1998. Archived from the original on 2020-06-25. Retrieved 2020-06-17.
  3. ^ Income Tax Budget Amendments Act, 1998, S.C. 1999, c. 22, s. 49(4)