2010 Canadian federal budget

2010 (2010) Budget of the Canadian Federal Government
Presented March 4, 2010
Parliament 40th
Party Conservative
Finance minister Jim Flaherty
Total revenue C $231.4 billion[1]
Total expenditures C$280.5 billion[1]
Deficit C$33.3 billion[2]
‹ 2009
2011 ›

The Canadian federal budget for the 2010-2011 fiscal year (April 1, 2010 - March 31, 2011) was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament.[3]

Areas of direction

  • $3.2 billion in personal income tax relief.
  • Over $4 billion in actions to create and protect jobs.
  • $7.7 billion in infrastructure stimulus to create jobs.
  • Nearly $2 billion to help create the "Economy of Tomorrow"
  • $2.2 billion to support industries and communities.
  • Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs.[4]
  • Youth-related spending of $108-million

During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of nickel to reduce manufacturing costs.[5]

The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.[6]

Notes

  1. 1 2 A 10-year timeline of revenues and spending The Globe and Mail Thursday, Mar. 04, 2010
  2. ↑ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. 18 March 2014. Retrieved 25 April 2015.
  3. ↑ Dearing 2010.
  4. ↑ McMurdy 2010.
  5. ↑ Chase 2010.
  6. ↑ https://www.thestar.com/news/canada/2010/06/08/conservative_budget_passes_thanks_to_30_liberal_absentees.html

References

  • Chase, Steven (5 March 2010). "Some change for a dollar: Money you can launder". The Globe and Mail. Retrieved 14 March 2014.
  • Dearing, Stephanie (30 December 2009). "Harper moves to prorogue Canadian parliament until March 2010". Digital Journal.
  • McMurdy, Deirdre (4 March 2010). "Budget 2010 a tightrope act for Canada". MSN Canada.
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