FY16 federal budget update: fair skies now, but storm clouds formingDouglas Dziak
The Government’s Budget papers acknowledge that there has been a substantial improvement in the near-term fiscal outlook (although forward forecasts are less promising). In 2022–23, the deficit is expected to be AU$36.9 billion (1.5% of GDP), a remarkable AU$41.1 billion improvement since t...
To promote health equity, the government added $4 million to amental health fundfor Black Canadians. This is the latest of such narrowly-targeted initiatives that the Liberals have eagerly adopted. While Black-only budget lines were virtually nonexistent in 2018, they’ve racked up $750...
The Minister of Finance (Canada), the Honourable Chrystia Freeland, presented the Government of Canada’s (the “Federal Government”) 2022 Federal Budget (“Budget 2022”) on April 7, 2022 (“Budget Day”). Budget 2022 contains significant proposals to amend the Income Tax Act (Canada) (the...
Thesaurus Financial ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.federal deficit- an excess of the federal government's spending over its revenue; "federal deficits can cause inflation" budget deficit- an excess of expenditures over revenues ...
Prime Minister Justin Trudeau speaks during an announcement on innovation for economic growth in advance of the 2024 federal budget in Montreal, Sunday, April 7, 2024. Canada's federal government has used artificial intelligence in nearly 300 projects and initiatives, new resear...
On March 28, 2023, the federal government tabled its 2023 budget,“A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future”(the “Budget”). Last week, our Tax Group released itscomprehensive Budget commentary. Notably for employers, that comm...
Friday is the first of four days of debate on the government motion concerning the budget. The Conservatives will have first crack at amending it, the Bloc Québécois second. Both parties have indicated they’ll be voting against the Liberals. ...
yields increased following the release of the new government’s budget as market participants processed the budget’s impact on projected inflation and gilt issuance. The broad dollar index increased significantly, as U.S. interest rates rose more than foreign rates. In China, the a...
Prospects for a budget bill by September 30 seem remote. It appears very likely that there will be another continuing resolution and there is a possibility of a government shutdown in October. The Private Sector – Is it Paradise? If federal government woes have your career in limbo, should ...