The Canadian federal budget for the 2010–11

fiscal year A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...

(April 1, 2010 – March 31, 2011) was presented to the

House of Commons of Canada The House of Commons of Canada () is the lower house of the Parliament of Canada. Together with the Monarchy of Canada#Parliament (King-in-Parliament), Crown and the Senate of Canada, they comprise the Bicameralism, bicameral legislature of Ca ...

Finance Minister A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

Jim Flaherty James Michael Flaherty (December 30, 1949 – April 10, 2014) was a Canadian politician who served as the federal minister of finance from 2006 to 2014 under Conservative Prime Minister Stephen Harper. First elected to the Legislative Assemb ...

on March 4, 2010 after returning from a two-month prorogued parliament.

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 Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work d ...

and $1 billion in new skills and training programs. * Youth-related spending of $108 million During the budget speech on 4 March 2010, Flaherty announced the use of a

polymer A polymer () is a chemical substance, substance or material that consists of very large molecules, or macromolecules, that are constituted by many repeat unit, repeating subunits derived from one or more species of monomers. Due to their br ...

substrate for the upcoming

Frontier Series The Frontier () series is the seventh series of banknotes of the Canadian dollar released by the Bank of Canada, first circulated in 2011. The polymer banknotes were designed for increased durability and to incorporate more security features ...

banknotes of the Canadian dollar Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are is ...

and that future versions of the loonie ($1 coin) and

toonie The toonie (also spelled twonie or twoonie), formally the Canadian two-dollar coin (, nicknamed or ), was introduced on February 19, 1996, by Minister of Public Works Diane Marleau. it possesses the highest monetary value of any circulating ...

($2 coin) would be made of steel instead of nickel to reduce manufacturing costs. The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.

Notes

References

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External links

*https://web.archive.org/web/20100308074427/http://money.ca.msn.com/federalbudget/article.aspx?cp-documentid=23579149 {{DEFAULTSORT:Canadian federal budget, 2010

2010 The year saw a multitude of natural and environmental disasters such as the 2010 Haiti earthquake, the Deepwater Horizon oil spill, and the 2010 Chile earthquake. The 2009 swine flu pandemic, swine flu pandemic which began the previous year ...

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

2010 in Canadian politics Budget, 2010 Budget, 2010