Highlights of 2013 federal budget
Posted March 21, 2013 4:43 pm.
This article is more than 5 years old.
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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