2011 Canadian federal budget

2011 (2011) Budget of the Canadian Federal Government
Presented March 22, 2011, then again June 6, 2011
Passed June 13, 2011
Parliament 41st
Party Conservative
Finance minister Jim Flaherty
Total revenue C$235.6 billion[1]‡
Total expenditures C$276.0 billion[1]
Program Spending C$278.7 billion[1]
Debt payment C$33.0 billion[1]
Deficit C$26.2 billion[2]
Debt C$586.0 billion[1]
Website http://www.budget.gc.ca/2011/plan/Budget2011-eng.pdf The Next Phase of Canada's Economic Action Plan—A Low-Tax Plan for Jobs and Growth

‡Numbers in italics are projections.

‹ 2010
2012 ›

The Canadian federal budget for the 2011–2012 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 22, 2011, then again in June 6 following a May 2 election.

On June 13, "the budget passed by a vote of 167 to 131, with four Bloc Québécois MPs voting in support and the other opposition parties voting against it".[3]

Proposals

  • Increasing the Guaranteed Income Supplement (GIS) for seniors who rely Old Age Security and the GIS.
  • Tax credits for family caregivers, children's arts and crafts programs and volunteer fire-fighters.
  • Student loan forgiveness for doctors and nurses who re-locate to remote or rural areas.
  • "Strengthening the Charitable Sector" - measures to enhance the ability of Canadians to give with confidence to charities, and to help ensure that more resources are available for legitimate charities.
  • Increase in the EI premium tax from 1.78% to 1.83, effective January 1, 2012

Opposition

All three opposition parties rejected the budget in statements made after the budget speech:

A motion of non-confidence was passed on March 25, 2011. While this motion, which found the government in contempt of Parliament, did not relate specifically to the budget, it had the practical effect of dissolving parliament and killing any legislation under consideration. An election was held May 2, 2011. The Conservatives went from a minority position in the House of Commons to a majority, paving the way for the re-introduction of the measures contained in the budget.

References

  1. 1 2 3 4 5 Government of Canada, Department of Finance. "Budget 2011 - Chapter 5: Plan for Returning to Balanced Budgets". Retrieved 2011-03-23.
  2. ↑ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
  3. ↑ "Federal budget passes House of Commons vote". CBC News. June 13, 2011.
  4. ↑ Fitzpatrick, Meagan (Mar 22, 2011). "Opposition leaders reject federal budget". CBC.ca. Canadian Broadcasting Corporation. Retrieved Mar 23, 2011.
  5. ↑ "Jack Layton Does Not Support the Federal Budget". eCanadaNow.ca. eCanadaNow. March 23, 2011. Retrieved March 23, 2011.
  6. ↑ Smith, Joanna (March 23, 2011). "Why Layton said 'no' to federal budget". The Toronto Star. Toronto: Torstar. Retrieved March 23, 2011.
  • "Alternative Federal Budget 2011". Canadian Centre for Policy Alternatives. Archived from the original on 3 May 2011. Retrieved 2011-03-22.
  • "KPMG-2011 Canadian Federal Budget". 2011-11-02. Retrieved 2011-03-22.
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