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2004 Canadian Federal Budget
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the House of Commons of Canada on March 23, 2004 by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien. The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt. Taxes Personal income taxes * The Education Tax Credit is extended to individuals pursuing post-secondary education that is related to their current employment (if not already reimbursed by the employer) ; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
37th Canadian Parliament
The 37th Canadian Parliament was in session from January 29, 2001, until May 23, 2004. The membership was set by the 2000 federal election on November 27, 2000, and it changed only somewhat due to resignations and by-elections until it was dissolved prior to the 2004 election. It was controlled by a Liberal Party majority, led first by Prime Minister Jean Chrétien and the 26th Canadian Ministry, and then by Prime Minister Paul Martin and the 27th Canadian Ministry. The Official Opposition was formed by first the Canadian Alliance, led by Stockwell Day and then by Stephen Harper, and then by its successor party, the Conservative Party, also led by Harper. The Speaker was Peter Milliken. See also list of Canadian electoral districts 1996-2003 for a list of the ridings in this parliament. There were three sessions of the 37th Parliament: Party standings The party standings as of the election and as of dissolution were as follows: In 2001, 13 MPs opposed to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Child Benefit
The Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source o ... National Child Benefit (NCB) initiative aims to help children living in poverty. The program is a partnership between federal, provincial and territorial governments and First Nations in Canada. The federal government provides monthly payments to low-income families with children, and the others design and deliver benefits and services to meet the needs of families with children in each jurisdiction. See also * Child poverty in Canada External links Official NCB website{{Economy of Canada footer Welfare in Canada Social security in Canada Child Tax Benefit Childhood in Canada Federal assistance in Canada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Budgets
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Canadian Federal Budget
The 2005 Canadian federal budget was the budget of the Government of Canada for the 2005–2006 fiscal year. It was presented on February 23, 2005, by Finance Minister Ralph Goodale. It was the first Canadian federal budget presented by a minority government since the budget of the Joe Clark Progressive Conservative government in 1979, which was defeated by the opposition parties. Having fewer than half the seats in the House of Commons of Canada meant that the governing Liberal Party of Canada had to win the support of members of other parties for the 2005 budget to pass. Without that support, the budget would have been defeated, and new elections would likely have been called. In the 2005–06 fiscal year, the government had a large surplus of expected revenues over expenses, making the government able to fund a wide array of new initiatives. The budget bill (C-43) received Royal Assent on June 28, 2005. In order to gain the necessary support of the New Democratic Party (N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004 Canadian Federal Election
The 2004 Canadian federal election was held on June 28, 2004, to elect members to the House of Commons of Canada of the 38th Parliament of Canada. The Liberal government of Prime Minister Paul Martin lost its majority government, majority but was able to continue in office as a minority government after the election. This was the first election contested by the newly amalgamated Conservative Party of Canada, after it was formed by the two centre-right politics, right-of-centre parties, the Progressive Conservative Party of Canada, Progressive Conservative Party and the Canadian Alliance. On May 23, 2004, the Governor General of Canada, governor general, Adrienne Clarkson, on the advice of Martin, ordered the dissolution of the House of Commons, triggering an snap election, early election despite the Liberals being only three and a half years into their five-year mandate. Earlier, the election result was widely expected to be a fourth consecutive majority government for the Libe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Democratic Party Of Canada
The New Democratic Party (NDP; french: Nouveau Parti démocratique, NPD) is a federal political party in Canada. Widely described as social democratic,The party is widely described as social democratic: * * * * * * * * * * * * the party occupies the left, to centre-left on the political spectrum, sitting to the left of the Liberal Party. The party was founded in 1961 by the Co-operative Commonwealth Federation (CCF) and the Canadian Labour Congress (CLC). The federal and provincial (or territorial) level NDPs are more integrated than other political parties in Canada, and have shared membership (except for the New Democratic Party of Quebec). The NDP has never won the largest share of seats at the federal level and thus has never formed government. From 2011 to 2015, it formed the Official Opposition, but apart from that, it has been the third or fourth-largest party in the House of Commons. However, the party has held considerable influence during periods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Cut
A tax cut represents a decrease in the amount of money taken from taxpayers to go towards government revenue. Tax cuts decrease the revenue of the government and increase the disposable income of taxpayers. Tax cuts usually refer to reductions in the percentage of tax paid on income, goods and services. As they leave consumers with more disposable income, tax cuts are an example of an expansionary fiscal policy. Tax cuts also include reduction in tax in other ways, such as tax credit, deductions and loopholes. How a tax cut affects the economy depends on which tax is cut. Policies that increase disposable income for lower- and middle-income households are more likely to increase overall consumption and "hence stimulate the economy". Tax cuts in isolation boost the economy because they increase government borrowing. However, they are often accompanied by spending cuts or changes in monetary policy that can offset their stimulative effects. Types Tax cuts are typically cuts in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party Of Canada
The Conservative Party of Canada (french: Parti conservateur du Canada), colloquially known as the Tories, is a federal political party in Canada. It was formed in 2003 by the merger of the two main right-leaning parties, the Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canadian-based Reform Party. The party sits at the centre-right to the right of the Canadian political spectrum, with their federal rival, the Liberal Party of Canada, positioned to their left. The Conservatives are defined as a "big tent" party, practising "brokerage politics" and welcoming a broad variety of members, including " Red Tories" and " Blue Tories". From Canadian Confederation in 1867 until 1942, the original Conservative Party of Canada participated in numerous governments and had multiple names. However, by 1942, the main right-wing Canadian force became known as the Progressive Conservative Party. In the 1993 federal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2000 Canadian Federal Budget
The Canadian federal budget for fiscal year 2000–2001 was presented by Minister of Finance Paul Martin in the House of Commons of Canada The House of Commons of Canada (french: Chambre des communes du Canada) is the lower house of the Parliament of Canada. Together with the Crown and the Senate of Canada, they comprise the bicameral legislature of Canada. The House of Commo ... on 28 February 2000. The Budget included substantial tax cuts for all families, whether they be poor, middle class or wealthy. On average, taxpayers were projected to receive a 15% tax cut, to be gradually implemented over the next 4 years. External links Budget SpeechBudget PlanBudget in Brief References {{Canada federal budget Canadian budgets 2000 in Canadian law 2000 government budgets 2000 in Canadian politics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Cost Allowance
Capital Cost Allowance (CCA) is the means by which Canadian businesses may claim depreciation expense for calculating taxable income under the ''Income Tax Act'' (Canada). Similar allowances are in effect for calculating taxable income for provincial purposes. General rules for CCA calculation Capital property Capital property eligible for CCA excludes: * land * property the cost of which is deductible in computing the taxpayer's income * property that is described in the taxpayer's inventory * property that was not acquired for the purpose of gaining or producing income * property that was acquired by an expenditure in respect of which the taxpayer is allowed a deduction under section 37 * specified artwork and crafts acquired after November 12, 1981 * property that is a camp, yacht, lodge or golf course or facility acquired after December 31, 1974 if any outlay or expense for the use or maintenance of that property is not deductible by virtue of paragraph 18(1)(l) CCA is calcu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Canadian Federal Budget
The Canadian federal budget of 2003 was unveiled on February 18, 2003. It was the first budget issued by Finance Minister John Manley who was given the job in May 2002 replacing Paul Martin. It was also the last budget of Prime Minister Jean Chrétien. In the previous fiscal year the Canadian economy had done well, despite the recent recession in the United States. The budget saw another large surplus, which was enhanced by a shift to more stringent accrual accounting announced in the budget. The bill was largely seen as a departure from the fiscal austerity of the last several years. It had a wide range of new spending initiatives on health care, child care, defence, education, and other social programs. The budget had only limited tax cuts, mostly directed at corporations. The budget set forth a plan of gradual reductions that would see corporate taxes fall well below American levels. The most important was the reduction of the Canadian Capital Tax. Employment Insurance premiu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Small Business Tax Rate
In Canada’s federal tax system, the small business tax rate is the tax rate paid by a small business. As of 2019, the small business tax rate is 9% The general corporate tax rate is 28%. Additionally, each province or territory operates its own corporate tax system, with varying treatment for small businesses. Provincial taxation Corporate taxes in Newfoundland and Labrador corporate tax rates span from 3 per cent at the lowest rate to 15 per cent at highest rate; in Nova Scotia from 3% to 16%, in New Brunswick from 2.5% to 14%, in Prince Edward Island from 3%to 16%, in Ontario from 3.2% to 11.5%, in Manitoba 12% in Saskatchewan, from 2% to 12%, in British Columbia from 2% to 12%, in Nunavut from 3% to 12%, in the Northwest Territories, from 4% to 11.5%, and in Yukon from 2% to 12%. In most cases, the provinces and territories have two rates of income tax—the lower rate and the higher rate. Businesses that are eligible for the federal small business deduction (SBD) are also el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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