This briefing looks at Budget 2013, and concludes that the federal government remains on track to balance its books by 2015–16 as promised.
Federal Budget 2013
Federal Budget 2013
Canadian Economic Analysis
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- Softer economic growth means the government had little room for new measures in Budget 2013. Still, by reducing spending and eliminating tax loopholes, the government has managed to dredge up enough funds for a few new initiatives.
- Intent on getting unemployed Canadians back to work, the federal government announced its plan to take control of some of the funding it currently ships to the provinces for job training.
- In Budget 2013, the government committed to continue funding to municipalities for infrastructure. It has also extended tax benefits for manufacturers.
- Consumer should soon see lower prices for baby clothes and sporting equipment, as the federal government will eliminate tariffs, some as high as 20 per cent, on these imports.
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