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At 3:19pm on Friday afternoon ("Maybe no one will notice,
eh?"), Finance Canada sent out an email announcing a consultation on
"draft legislative proposals to implement tax measures from Budget 2010
along with several previously announced tax initiatives."
The consultation ends September 27.
August 27, 2010
Government of Canada
Releases Consultation Draft of Legislative Tax Proposals
Related Document:
Legislative
Proposals relating to the Income Tax Act,
the Air Travellers Security Charge Act, the Excise Act, 2001, and the Excise
Tax Act
The proposals released today include draft legislation
to:
* Provide for the sharing of the Canada Child Tax Benefit
and the Universal Child Care Benefit in cases of shared custody.
* Allow Registered Retirement Savings Plan proceeds to be transferred to a
Registered Disability Savings Plan on a tax-deferred basis.
* Implement disbursement quota reform for registered charities.
* Better target the tax incentives in place for employee stock options.
* Expand the availability of accelerated capital cost allowance for clean
energy generation.
* Adjust the capital cost allowance rate for television set-top boxes to better
reflect the useful life of these assets.
* Clarify the definition of a principal-business corporation for the purposes
of the rules relating to Canadian Renewable and Conservation Expenses.
* Introduce amendments consequential to the introduction in 2011 of new International
Financial Reporting Standards by the Accounting Standards Board.
* Provide legislative authority for the Canada Revenue Agency to issue online
notices where the taxpayer so requests.
* Implement a new reporting regime for aggressive tax planning, taking into
account comments received during post-budget consultations.
* Replace the previous proposals relating to foreign investment entities with
several limited enhancements to the current Income Tax Act and better target
and simplify previous proposals relating to non-resident trusts, taking into
account comments received during post-budget consultations.
* Counter schemes designed to shelter tax otherwise payable by artificially
increasing foreign tax credits.
* Ensure that income trust conversions into corporations are subject to the
same loss utilization rules that currently apply to similar transactions involving
only corporations.
* Limit tax arbitrage opportunities by extending the application of the Specified
Leasing Property rules to property that is the subject of a lease to a government
or other tax-exempt entity, or to a non-resident.
The draft legislative proposals also include other previously announced measures identified in Budget 2010, as modified to take into account consultations and deliberations since their release, as well as an income tax amendment relating to the enactment of the Fairness for the Self-Employed Act:
* The Paperwork Burden Reduction Initiative for small excise
taxpayers, announced by the Minister of National Revenue on March 31, 2009.
* Measures relating to the income taxation of shareholders of foreign affiliates,
previously released in draft form on December 18, 2009.
* Rules to facilitate the implementation of Employee Life and Health Trusts,
released in draft form on February 26, 2010.
* The introduction of a personal income tax credit in respect of Employment
Insurance premiums paid by self-employed individuals.
References to Announcement Date are to be read as references to todays date. Explanatory notes to the legislative proposals will be posted on the Department of Finance website shortly.
Interested parties are invited to provide comments on the draft legislative proposals by September 27, 2010.
-----------------------------
NOTE : I don't generally copy Finance Canada news releases into my site and newsletter, but whenever the Harper government releases something late on a Friday, I hear even louder alarm bells than usual...
-------------------------------------------
Release
of The Fiscal Monitor
News Release
August 27, 2010
The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal
Monitor for June 2010.
Highlights
* June 2010: budgetary deficit of $2.8 billion
* April to June 2010: budgetary deficit of $7.2 billion
Related document:
* The Fiscal Monitor, June 2010
[ earlier editions of The Fiscal Monitor - going back to 1996 ]
Source:
Department of Finance Canada
-----------------------------
Canadas
Fiscal Edge to Fade Without Tough Action: David Dodge
Commentary by David Dodge
May 25, 2010
The problems facing Greece, Spain and Ireland may lead investors to think
Canada is free from fiscal worries. They should think again when looking ahead
for the next few years. Canadas relatively sound position by international
standards masks a structural deficit that is poised to resume growth later
this decade unless governments find more permanent solutions to cutting expenses
than in their latest budgets, and introduce new measures to durably boost
revenue.
(...)
Can Canadian governments balance their budgets by mid- decade with program
spending cuts alone? It would mean a significant reduction in services or
income-support programs, even if there were unprecedented productivity gains
in public services. Specifically, it would require significant cuts in
public-pension payments, employment-insurance benefits and welfare payments,
health and long-term care coverage as well as increased co-payments. The quality
of education, and investment in roads and public transit also would decline.
[bolding added]
[Author David Dodge David Dodge is former Deputy Minister of the federal
departments of Finance* and Health, and the former governor of the Bank of
Canada.]
(*...thus proving that you can take David Dodge out of Finance but you can't
take Finance out of David Dodge. Gilles)
Source:
Bloomberg
Bloomberg is a New York-based company employing more than 10,000 people in
over 135 offices around the world. Bloomberg is about information: accessing
it, reporting it, analyzing it and distributing it, faster and more accurately
than any other organization.
Rebuttal by John Stapleton (June 11)
Canada's
Fiscal Future:
What to make of former Bank of Canada
governor David Dodge's predictions on Canada's economy?
By John Stapleton
June 11, 2010
(...) In a recent piece called Canadas Fiscal Edge to Fade Without
Tough Action, former Bank of Canada governor David Dodge set out his predictions
respecting the economic troubles that Canada faces in the next decade unless
the country can get its fiscal house in order. Dodge does not believe that
spending cuts alone will be sufficient to stem the tide of red ink despite
recent GDP growth, and he calls for more consumption taxes in order to balance
the books in the future. Yet in his assessment of the spending cuts that will
be required, he notes that "cuts would need to be both continuing and
more radical than those of the mid-1990s."
Source:
The Mark
The Mark is a national movement to record Canadian ideas and propel the people
behind them. It is a collection of thoughts and a tool for facilitating interdisciplinary
dialogue and debate between outstanding Canadians.
Open Policy - John Stapleton's website
![]()
--- How
to find "old" content Government
of Canada Web Archive --- The
Wayback Machine *
How The Wayback
Machine can help you beat 404 fury |
| Federal Government Departments and Agencies involved with social programs This file was getting too large, so I created two smaller files by arbitrarily splitting the original page into two. The complete list of federal departments involved with social programs (a personal selection...) appears below, but you'll have to click over to the other page to see content from departments whose names don't have a blue hyperlink. All of the links in this box will take you further down this page. You can select a department by clicking on its name below, or you can scroll down the page to see all of them. Agriculture and Agri-Food Canada - Auditor-General's Office - Canada Border Services Agency - Canada Revenue Agency - Canadian Transportation Agency - Canada Mortgage and Housing Corporation - Canadian Heritage - Canadian International Development Agency - Citizenship and Immigration Canada - Canada International - Environment Canada - Finance Canada - Go to
the second page of federal government department links
for these departments: - Go to Human Resources and Skills Development
Canada (HRSDC) Links --- separate page |
Agriculture
and Agri-Food Canada
Agriculture and Agri-Food
Canada (AAFC) provides information, research and technology, and policies and
programs to achieve security of the food system, health of the environment and
innovation for growth.
Canada's
Fifth Progress Report on Food Security:
In Response to the World Food Summit
Plan of Action
Complete
report (PDF - 117K, 30 pages)
Executive
Summary
Canada's
Action Plan for Food Security (PDF file - 8.5MB,
60 pages)
1998
Executive
Summary
Related link:
World
Food Summit Plan of Action
Auditor-General's Office |
Reports
and Publications
- incl. links to : Latest Audit Reports - Reports
to Parliament - Reports to Northern Legislative Assemblies - Other Audits - Audit
Methodology
Reports
to Parliament by Topic:
(selected topics below - click the link
above to access all topics)
* Human
Rights
* Income
Security
* Housing
NOTE:
you can also view all reports of the Auditor General by
Federal Institution or by
Year (back to 1981)
Media
Centre
- incl. links to : News Releases - Media Statements - Statements
to House of Commons Committees - Statements to Senate Committees - Statements
to Territorial Legislative Assembly Committees - Speeches
Selected reports:
2010
Spring Report of the Auditor General of Canada
April 20, 2010
Click the link above to access the following chapters:
* Message from the Auditor GeneralSpring 2010
* Chapter 1Aging Information Technology Systems
* Chapter 2Modernizing Human Resource Management
* Chapter 3Rehabilitating the Parliament Buildings
* Chapter 4Sustaining Development in the Northwest Territories
* Chapter 5Scientific ResearchAgriculture and Agri-Food Canada
* Chapter 6Special Examinations of Crown Corporations2009
* Electronic Health Records in CanadaAn Overview of Federal and Provincial
Audit Reports
AppendixReport on the audit of the President of the Treasury Boards
report, Tabling of Crown Corporations Reports to Parliament
News
Releases
Click the link above to access the following news releases, all dated April
20
* More federal action needed to sustain balanced development in NWT
* Government not doing enough to address the aging of IT systems
* Governance arrangements limit progress on rehabilitating the Parliament buildings
* Key legislative changes to human resource management are in place but impacts
are still unclear
* Federal and provincial auditors present report on electronic health records
* Auditor Generals Spring 2010 Report tabled in the House of Commons
* Agricultural research is not well managed by department
* Auditor General provides overview of special examinations of Crown corporations
for 2009
* Advancing Sustainable DevelopmentDiscussion Paper by the Commissioner
of the Environment and Sustainable Development
* Human Resource CapacityGovernment of NunavutDepartments face long-term
challenges to fill their human resource needs
---
Government
should fully analyze the practical
challenges of implementing decisions, says
Auditor General
News
Release
Ottawa, 3 November 2009When the government designs programs,
develops policies, and makes commitments, it should fully analyze the practical
challenges of implementing them successfully, says the Auditor General of Canada,
Sheila Fraser, in her Report tabled today in the House of Commons.
2009
November Report of the Auditor General of Canada
Table of contents:
*
Matters
of Special Importance2009 <=== click for main points from all
chapters
This
Report addresses a wide range of issues typical of the challenges facing government
today:
* coordinating appropriate responses to emergencies, such as pandemics
and terrorist attacks;
* selecting foreign workers at a time when industrialized
countries are competing to attract qualified labour;
* providing effective
international aid;
* supporting the transition to electronic health records;
* increasing First Nations control over land management as a critical component
of their future well-being;
* buying military vehicles to protect our troops
in Afghanistan from improvised explosive devices;
* ensuring that income tax
legislation is clear and up to date; and
* knowing whether government programs
are achieving their intended results or need to be adjusted.
* Chapter 1Evaluating
the Effectiveness of Programs
* Chapter 2Selecting Foreign Workers Under
the Immigration Program
* Chapter 3Income Tax Legislation
* Chapter
4Electronic Health Records
* Chapter 5Acquiring Military Vehicles
for Use in Afghanistan
* Chapter 6Land Management and Environmental Protection
on Reserves
* Chapter 7Emergency ManagementPublic Safety Canada
*
Chapter 8Strengthening Aid EffectivenessCanadian International Development
Agency
Appendices
* Appendix AAuditor General Act
* Appendix
BReports of the Standing Committee on Public Accounts to the House of Commons,
200809
* Appendix CReport on the audit of the President of the
Treasury Board's report Tabling of Crown Corporations Reports in Parliament
* Appendix DCosts of Crown corporation audits conducted by the Office of
the Auditor General of Canada
Source:
Office
of the Auditor General of Canada
[ Earlier
Auditor General Reports - back to 2006 ]
[ All
Auditor General Reports - back to 1981 ]
---
2008
December Report of the Auditor General of Canada
February 5, 2009
*
Matters of Special Importance2008
* Chapter 1A Study of Federal
Transfers to Provinces and Territories (See below*)
* Chapter 2Governance
of Small Federal Entities
* Chapter 3Contracting for Professional ServicesPublic
Works and Government Services Canada
* Chapter 4Managing Risks to Canada's
Plant ResourcesCanadian Food Inspection Agency
* Chapter 5Managing
Information Technology InvestmentsCanada Revenue Agency
* Chapter 6Use
of New Human Resources AuthoritiesCanada Revenue Agency
* Chapter 7Economy
and Efficiency of ServicesCorrectional Service Canada
* Chapter 8Reporting
on Health IndicatorsHealth Canada (See below**)
Appendices
* Appendix
AAuditor General Act
* Appendix BReports of the Standing Committee
on Public Accounts to the House of Commons, 200708
* Appendix CReport
on the audit of the President of the Treasury Board's report, Tabling of Crown
Corporations Reports in Parliament
* Appendix DCosts of Crown corporation
audits conducted by the Office of the Auditor General of Canada
News Releases (one per chapter)
-----
*
Chapter 1:
A
Study of Federal Transfers to the Provinces and Territories
December
2008
"(...) The federal government uses a number of mechanisms to transfer
funds to the provinces and territories for general areas of spending such as health
or for specific purposes such as improving infrastructure. In 200607, these
federal transfers amounted to approximately $50 billion, or just under 23 percent
of federal spending. Our study examined the three main mechanisms used by the
federal government to transfer funds to the provinces and territories. We also
looked at the nature and extent of conditions attached to these transfers."
News
Release:
Auditor
Generals study sheds light on how
the federal government transfers funds
to provinces and territories
(Chapter 1A Study of Federal
Transfers to the Provinces and Territories - December 2008 Report of the Auditor
General)
February 5, 2009
Auditor General Sheila Frasers Report, tabled
today in the House of Commons, contains a study [see the link immediately below]
of the three main mechanisms used by the federal government to transfer funds
to the provinces and territories. In 200607, these transfers amounted to
about $50 billion, just under 23 percent of federal spending. They are major sources
of funds for services provided to Canadians in areas such as health and post-secondary
education.
---
**Chapter
8:
Reporting
on Health IndicatorsHealth Canada
In 2000, the Government
of Canada and provincial and territorial governments reached an historic agreement
on health that set out a vision, principles, and an action plan for health system
renewal. The First Ministers' commitments on health also called for improvements
in accountability and reporting to Canadians and directed federal, provincial,
and territorial health ministers to develop indicators that could be compared
across jurisdictions and over time to measure progress on renewal. All jurisdictions
later committed to public reporting every two years on a number of health indicatorsfor
example, wait times and patient satisfaction with health services. First Ministers'
agreements in 2003 and 2004 further reiterated reporting requirements.
News
Release:
Report
on health indicators is of limited value to Canadians
(Chapter
8Reporting on Health IndicatorsHealth Canada - December 2008 Report
of the Auditor General)
February 5, 2009
Health Canada has published health
indicator reports as a result of commitments made by First Ministers in 2000,
2003, and 2004, says the Auditor General of Canada, Sheila Fraser, in her Report
tabled today in the House of Commons. However, these reports do not meet the broader
intent of providing Canadians with information on the progress of health care
renewal.
---
Source:
Reports
to Parliament [ earlier
reports in 2008 ] - [ reports
for previous years back to 1981 ]
[ Office
of the Auditor General of Canada ]
---
Related links:
AG
says that feds hand out big bucks with no control
February 5, 2009
Ottawa
has little control over billions of dollars in federal finances which are regularly
transferred to the provinces for specialized programs like housing and transportation,
Canada's auditor general said. Sheila Fraser's latest report to Parliament, released
Thursday, states that Ottawa uses trusts to funnel money to the provinces, but
once the money is sent, the provinces are free to spend it as they see fit.
-
incl. links to four related articles.
Source:
CTV
News
--------------------------------
2008
May Report of the Auditor General of Canada
May
6, 2008
The latest Report of the Auditor General of Canada was tabled in the
House of Commons today.
[NOTE: click the link above to access all of the chapters
below; only the intro and chapter 4 (+ news release) are hyperlinked below.]
*
A
Message from the Auditor General of Canada
* Chapter 1Management
of Fees in Selected Departments and Agencies
* Chapter 2Support for Overseas
DeploymentsNational Defence
* Chapter 3Oversight of Air Transportation
SafetyTransport Canada
* Chapter 4First
Nations Child and Family Services ProgramIndian and Northern Affairs Canada
*
Chapter 5Surveillance of Infectious DiseasesPublic Health Agency of
Canada
* Chapter 6Conservation of Federal Official Residences
* Chapter
7Detention and Removal of IndividualsCanada Border Services Agency
*
Chapter 8Special Examinations of Crown CorporationsAn Overview
October
2007 Report of the Auditor General of Canada
Matters of Special Importance
Chapter
1 Safeguarding Government Information and Assets in Contracting
Chapter
2 Management and Control Practices in Three Small Entities
Chapter 3
Inuvialuit Final Agreement
Chapter 4 Military Health CareNational
Defence
Chapter 5 Keeping the Border Open and SecureCanada Border
Services Agency
Chapter 6 Management of the 2006 CensusStatistics
Canada
Chapter 7 Technical Training and LearningCanada Revenue
Agency
NOTE: on the same page as the October 2007 report, you'll also find
links to AGO reports released in May and February 2007.
May
2007 Report of the Auditor General of Canada
NOTE:
Below you'll find the titles of all seven chapters, but I've only provided links
to chapter 2;
click on the link above for links to all chapters and their
corresponding news releases in HTML and PDF format.
- also includes links
to the February 2007 Auditor-General's Status Report
Chapter
1. Use of Acquisition and Travel Cards
Chapter 2. Federal
Loans and Grants for Post-Secondary EducationHuman Resources and Social
Development Canada and Canada Millennium Scholarship Foundation
(Excerpts)
"The
federal government has said that Canada's international competitiveness depends
on having an educated and skilled labour force. To improve access to higher education
is the main objective of both the Canada Student Loans Program and the Foundation.
To this end, HRSDC loaned $1.9 billion to some 350,000 post-secondary students
in 200506 and awarded 78,500 grants amounting to about $129 million. In
2006 the Foundation awarded about $298 million in Millennium Bursaries to some
100,000 students and over $40 million in Access Bursaries to more than 20,000
students. "
"Financial assistance programs for post-secondary students
are managed well"
Chapter 3. Human Resources ManagementForeign
Affairs and International Trade Canada
Chapter 4. Canadian
Agricultural Income StabilizationAgriculture and Agri-Food Canada
Chapter
5. Managing the Delivery of Legal Services to GovernmentDepartment of Justice
Canada
Chapter 6. Modernizing the NORAD System in CanadaNational
Defence
Chapter 7. Management of Forensic Laboratory
ServicesRoyal Canadian Mounted Police
2006
November Report of the Auditor General of Canada
Matters of Special
Importance2006
An Overview of the Federal Government's Expenditure Management
System
Chapter 1Expenditure Management System at the Government Centre
Chapter 2Expenditure Management System in Departments
Chapter 3Large
Information Technology Projects
Chapter 4Proper Conduct of Public BusinessPublic
Safety and Emergency Preparedness Agencies
Chapter 5Relocating Members
of the Canadian Forces, RCMP, and Federal Public Service
Chapter
6 : Old Age Security - Human Resources and Social Development Canada and Service
Canada
"(...)Human Resources and Social Development Canada and
Service Canada have improved seniors' access to program benefits by simplifying
the application process and by implementing initiatives to increase the take-up
of GIS. However, the organizations lack adequate information on these and other
aspects of their service to clients, and do not give Parliament a complete picture
of program performance.
Chapter 7Federal Participation in the British
Columbia Treaty ProcessIndian and Northern Affairs Canada
Chapter 8Allocating
Funds to Regulatory ProgramsHealth Canada
Chapter 9Pension and
Insurance AdministrationRoyal Canadian Mounted Police
Chapter 10Award
and Management of a Health Benefits ContractPublic Works and Government
Services Canada and Health Canada
Chapter 11Protection of Public AssetsOffice
of the Correctional Investigator
Chapter 12Role of Federally Appointed
Board MembersSustainable Development Technology Canada
----------------------
2006
Report of the Auditor General of Canada - May 2006
- go to the link
above to download small PDF files for each of the following chapters
NOTE:
because of the social program focus of Canadian Social Research Links, the only
chapter that's hyperlinked below is Chapter 5, because it deals with First Nations,
which is one of the thematic pages of this site
A Message from the Auditor
General of Canada
Chapter 1 Managing Government: Financial Information
Chapter
2 National DefenceMilitary Recruiting and Retention
Chapter 3
National DefenceNATO Flying Training in Canada
Chapter 4
Canadian Firearms Program
Chapter
5 Management of Programs for First Nations
Chapter
6 Management of Voted Grants and Contributions
Chapter 7 Acquisition
of Leased Office Space
Chapter 8 Canada Revenue AgencyCollection
of Tax Debts
Government Decisions Limited Parliament's Control of Public Spending
Canada Border Services Agency (CBSA) |
HOME
PAGE
The Canada Border Services Agency (CBSA) ensures the security
and prosperity of Canada by managing the access of people and goods to and from
Canada.
Canada International (Government of Canada) |
Social/Income Assistance for Immigrants
Different rules apply depending
on whether someone wishes to come to Canada as an immigrant (i.e., permanently),
a visitor, a worker (temporarily), a student or a refugee.
Select a link below
for more information on eligibility and benefit levels for each program.
Immigrate
If
you want to immigrate to Canada, there are a few different ways to apply. You
will need to decide which immigration program will work best for you and your
family.
Visit
Every
year, more than 5million people visit Canada. Depending on where you live, and
the reason for your visit, you will need to meet certain entry requirements. In
some cases, if you plan to stay in Canada for a certain period of time, you will
need a Temporary Resident Visa.
Work
temporarily
Every year, over 90,000 foreign workers enter Canada to
work temporarily in jobs that help Canadian employers address skill shortages,
or as live-in caregivers.
A work permit is needed for most temporary jobs in
Canada, though for some positions and business people it is not necessary.
Study
More
than 130,000 students come to study in Canada every year and even more come to
Canada to learn English or French.
Refugees
Refugees
and people needing protection are people in or outside Canada who fear returning
to their home country. Groups and individuals can sponsor refugees from abroad
who qualify to come to Canada.
Source:
Canada
International (Government of Canada)
Canada Revenue Agency |
Income
Statistics and GST/HST Statistics
*The annual Income Statistics
reports use tables of data to create a profile of Canadian taxpayers.
- incl.
links to : * Final Statistics - Sample Data * Interim Statistics - Universe Data
* Locality code statistics.
* The annual Compendium of GST/HST Statistics
provides detailed profiles of goods and services tax/harmonized sales tax (GST/HST)
registrants.
----------
Child
and Family Benefits Page
- Information about the Canada
Child Tax Benefit and the National Child Benefit.
- Also includes information concerning related provincial and territorial programs
administered by the Canada Revenue Agency: Alberta Family Employment Tax Credit
- BC Family Bonus - New Brunswick Child Tax Benefit - Newfoundland and Labrador
Child Benefit - Northwest Territories Child Benefit - Nova Scotia Child Benefit
- Nunavut Child Benefit - Saskatchewan Child Benefit - Yukon Child Benefit.
- From the website of the Canada
Revenue Agency - formerly Revenue Canada
Child
and Family Benefits Calculator
Calculate how
much your family is entitled to receive under the Canada Child Tax Benefit
(CCTB) and related provincial/territorial programs
Canada Child Tax Benefit FAQs : Calculation and payment information
|
People
with disabilities
"...easy access to publications and forms dealing
with tax credits, benefits, and services for people with disabilities"
Working
Income Tax Benefit (WITB)
The Working Income Tax Benefit (WITB) is
a refundable tax credit intended to provide tax relief for eligible working low-income
individuals and families who are already in the workforce and to encourage other
Canadians to enter the workforce.
Canada Mortgage and Housing Corporation |
Canada
Mortgage and Housing Corporation (CMHC)
The Canada
Mortgage and Housing Corporation is Canadas national housing agency. Established
as a government-owned corporation in 1946 to address Canadas post-war housing
shortage, the agency has grown into a major national institution. CMHC is Canadas
premier provider of mortgage loan insurance, mortgage-backed securities, housing
policy and programs, and housing research
Site map - on one page, everything that's on this enormous website...
CMHC for Consumers --- incl. links to : Buying a Home * Mortgage Loan Insurance * Renting a Home * Maintaining a Home * Renovating a Home * Programs & Financial Assistance (residential rehabilitation, emergency repair, home adaptation for seniors, etc.)
CMHC for Housing Industry Professionals and Community Groups --- CMHC contributes to the well-being of the housing sector by offering : Best practices in housing construction and design * Housing market trends and demographics * A wide variety of programs & financial assistance * Affordable housing strategies.
CMHC for Housing Finance Clients and International Clients --- CMHC is your proven business partner and strives to provide our housing finance clients with : Innovative mortgage loan insurance products & services * Effective default management and claims payment * Offering housing solutions to help countries around the world build better housing systems * Assisting Canadian companies to export goods and services.
Aboriginal --- Browse by Topic : On-Reserve, Off-Reserve and Northern Housing
CMHC
Research Report Listings by Subject
- links to PDF files consisting
of collections of reports that you can order from CMHC organized by subject, including
Affordable Housing - Cooperative Housing - Healthy Housing - Homeless - Housing
and Women - Housing for Older Canadians - Housing for Persons with Disabilities
- Housing Rehabilitation - Self-Help Housing - Social Housing - more...
Federal, Provincial and Territorial Agreements on Affordable Housing
Sample reports:
National
Rental Vacancy Rate Decreases in 2008
News Release
OTTAWA, December
11, 2008 The average rental apartment vacancy rate in Canada's 34 major
centres decreased to 2.2 per cent in October 2008 from 2.6 per cent in October
2007, according to the Rental Market Survey released today by Canada Mortgage
and Housing Corporation.
Note: Scroll halfway down
the above news release for links to the following 2008 CMHC rental market reports:
1.
Rental Market Reports Major Centres (incl. more coverage of the secondary
rental market in selected centres)
2. Rental Market Report Provincial
Highlights summary of rental market statistics for urban centres with
a population of over 10,000 in each province and two of the three territories
3. Rental Market Report Canada Highlights at-a-glance rental
market information for Canada's 34 major centres
4. Rental Market Statistics
Report a sourcebook of statistical tables with national, provincial
and local rental housing market data.
- the news release also contains tables
of vacancy rates, availability rates and rents.
Rental
Market Survey 2008 (PDF - 1.2MB, 11 pages)
NOTE: I can't provide a
direct link to the rental market survey because the CMHC website is built using
software that doesn't allow direct linking to reports.
To access the survey,
go to Canadian
Housing Statistics and click on CHS: Rental Market Survey (2nd
report in the list).
- the rental market survey includes data for Major Centres
/ Provinces with detailed data for each market area. Tables contain data on availability
rates, average rents or vacancies, by bedroom size (bachelor, one, two bedroom
units, etc.) and by building type (i.e. row homes and apartments)
Source:
Canada
Housing and Mortgage Corporation (CMHC)
<Boo
to CMHC for making their site so user-not-friendly.>
Canada's
New Government Commits $526 Million
to Combat Homelessness and Extend Funding
for Renovation Programs
December 19, 2006
Today,
the Honourable Diane Finley, Minister of Human Resources and Social Development,
announced $526 million for the new Homelessness Partnering Strategy (HPS), a strategy
aimed at combating homelessness in communities across Canada and extending CMHC's
renovation programs. The new Homelessness Partnering Strategy (HPS) will be funded
at $270 million over two years.
NOTE: for links to more info on affordable housing and homelessness, see the Canadian Social Research Links Homelessness and Housing page.
Canadian Heritage
"The
Canadian Heritage Portfolio, which includes the Department of Canadian Heritage
and our major national cultural institutions, plays a vital role in the cultural
and civic life of Canadians. We work together to promote culture, the arts, heritage,
official languages, citizenship and participation, and Aboriginal, youth, and
sport initiatives."
- incl. links to : A to Z Index - Arts and Culture
- Citizenship and Identity - Diversity and Multiculturalism - International -
Sport - Youth - The Department - About us - What's new - Application Forms - Funding
Programs - Legislation - Organizational View - Publications - Regional Offices
- Agencies and Corporations
Human
Rights Program
- incl. links to : * Did You Know? * Links * Themes
and Tributes * Funding Program * Publications and Documents * Canadian Charter
of Rights and Freedoms * Human Rights in Canada * International Human Rights
- Links
to other Human Rights websites
Canada
and International Human Rights : Main Menu
- incl. links to:
*
Canada and the International Human Rights System: An Introduction * Multilateral
human rights treaties to which Canada is a party * Canada's Reports on United
Nations Conventions and Related Official Documents * Complaints to international
organizations * Decisions of international bodies * Glossary of UN Terms * Universal
Periodic Review
In addition to supporting the principles
enunciated in the Universal Declaration of Human Rights,
Canada has ratified
the six United Nations human rights treaties and submitted reports on the implementation
of each of these treaties.
Core
Document to accompany all of Canada's Reports.
Basic reference
document on Canada's political system for use by United Nations Human Rights Committees
reviewing Canada's reports.
The Universal Declaration of Human Rights - Adopted and proclaimed by the UN general Assembly on December 10, 1948.
The International Covenant on Civil and Political Rights (ICCPR) - Accession by Canada in May 1976.Text of the Covenant, the first optional protocol and the views of the UN Committee on the merit of communications against Canada, Canada's most recent reports and the UN Committee conclusions on these reports.
The International Covenant on Economic, Social and Cultural Rights (CESC). Ratified by Canada in May 1976.Text of the Covenant, Canada's most recent reports and the UN Committee conclusions on these reports.
The International Convention on the Elimination of All Forms of Racial Discrimination (CERD). Accession by Canada in October 1970. Text of the Convention, Canada's most recent reports and the UN Committee conclusions on these reports.
The Convention on the Rights of the Child (CRC). Ratified by Canada in December 1991. Text of the Convention, the Optional Protocol on the Involvement of Children in Armed Conflict (ratified by Canada in July 2000), and the Optional Protocol on the Sale of Children, Child Prostitution and Child Pornography (ratified by Canada in September 2005), Canada's reports and the UN Committee conclusions on these reports.
The Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW). Ratified by Canada in December 1981. Text of the Convention, the optional protocol, Canada's most recent reports and the UN Committee's conclusions on these reports.
Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (CAT). Ratified by Canada in June 1987. Text of the Convention, Canada's most recent reports and the UN Committee's conclusions on these reports.
Also from Canadian Heritage:
Aboriginal
Peoples' Program
The Aboriginal Peoples' Program (APP) supports the
full participation and cultural revitalization of Aboriginal People in Canadian
society. It enables Aboriginal Peoples to address the social, cultural, economic
and political issues affecting their lives.
[ Aboriginal
Programs, Policy, and Research ]
Canadian International Development Agency |
HOME
PAGE
CIDAs aim is to reduce poverty,
promote human rights, and increase sustainable development. CIDA was established
in 1968 to administer the bulk of Canadas official development assistance
(ODA) program. The measure of its success lies in its contribution to the achievement
of the Millennium Development Goals (MDGs) and Canadas broader international
policy objectives.
Canada and the Millennium Development Goals
Canadian Transportation Agency |
Citizenship and Immigration Canada |
Publications - Browse this list for dozens of key CIC publications, from policy manuals and operating memoranda, to legislation and information pamphlets
| The
Canadian Immigration System: An Overview (PDF file - 283K, 21 pages) March 2007 Workshop on German and European Migration and Immigration Policy from a Transatlantic Perspective : Challenge for the 21st Century By Geneviève Bouchard - Powerpoint presentation, includes historical info, current situation, stats, policy challenges, potential solutions Source: Institute for Research on Public Policy |
|
Environment Canada |
---The
Story of Bottled Water (World Water Day) - March 22
This is not social policy.
(Wanna bet??)
Government
of Canada Celebrates World Water Day
with an Investment in Water Quality Research
March 22, 2010
World Water Day
- March 22
Water is a basic requirement for all life, yet water resources are facing increasing
demands from, and competition among, users. In 1992, the UN General Assembly
designated 22 March of each year as the World Day for Water.
The Story
of Bottled Water
The Story of Bottled Water is an eight-minute animated video that throws a wrench
in the bottled water industrys spin machine. (...) Bottled water companies
have worked hard to undermine confidence in public water systems. But the tide
is turning, as a growing number of Canadian municipalities, campuses, school
boards and other public institutions are rejecting bottled water in favour of
the tap. Watch the video, share it with your friends, and take a pledge to make
your home, workplace and community bottled-water free.
Finance Canada |
Structure
and Role of the Department
Transfers to Provinces and Territories Since April 2004, federal transfer payments to provinces and territories for health services are made under the Canada Health Transfer, while those for post-secondary education and social assistance and services are made under the Canada Social Transfer. For
information about : Federal Transfers to Provinces and Territories - Canada Health
Transfer - Canada Social Transfer - Equalization - Federal Support for Early Childhood
Development Early Learning and Childcare - much more, go to the Canadian Social
Research Links Canada
Assistance Plan/Canada Health and Social Transfer /Canada Social Transfer Resources
page. |
| Selected
Finance Canada site content: (in reverse chronological order) |
Minister
of Finance Moves to Enhance Protection for Private Pension Plan Members
News Release
May 3, 2010
The Honourable Jim Flaherty, Minister of Finance, today proposed changes to
federally regulated private pension plans that will enhance protection for plan
members, reduce funding volatility and modernize the rules for investments by
pension funds.
Related Documents:
* Regulatory
Impact Analysis Statement
* Regulations
---
Minister
of Finance Releases Draft Proposals on Tax-Free Savings Accounts
News Release
April 30, 2010
The Honourable Jim Flaherty, Minister of Finance, today released for consultation
a package of draft Income Tax Act amendments relating to Tax-Free Savings Accounts.
These proposed amendments, when enacted, will implement the measures announced
in the October 16, 2009 news release entitled Government
of Canada Proposes Technical Changes Concerning Tax-Free Savings Accounts.
The accompanying explanatory notes provide additional details
regarding the proposed legislative amendments.
Interested stakeholders have until May 31, 2010,
to submit comments on the proposed amendments.
Related Documents:
* Draft
Legislation
* Explanatory
Notes
Source:
Department of Finance Canada
---
Government
of Canada Support to Provinces and Territories at an All-Time High
December 18, 2009
The Honourable Jim Flaherty, Minister of Finance, announced today that total
transfers to provinces and territories will increase by $2.4 billion in 2010-11,
bringing total federal support to $54.4 billion, the highest level ever. Our
Government is pleased to be providing unprecedented and growing federal transfer
support that will help to provide the services, programs and assistance that
Canadians rely upon, particularly in these difficult economic times, said
Minister Flaherty. Transfers in support of health care and social services
are a top priority for our Government as we transition our economy through the
current challenging economic times. Equalization payments to provinces
for 2010-11 will total $14.4 billion, an increase of $187 million. The overall
program is growing in line with the economy, with provincial amounts reflecting
changes in the ability of provinces to raise revenues.
- includes a table showing Transfer Payments to Provinces and Territories for
2009-2010 and 2010-11.
Source:
Department of Finance Canada
Related link from Finance Canada:
Federal
Transfers to Provinces and Territories
There are four main transfer programs: the Canada Health Transfer (CHT), the
Canada Social Transfer (CST), Equalization and Territorial Formula Financing
(TFF).
- Go to the Canada Assistance Plan / Canada Health and Social Transfer / Canada Social Transfer Resources page: http://www.canadiansocialresearch.net/cap.htm
---
Government
of Canada Launches Consultations on the Second Phase of Canada's Economic Action
Plan
Québec City, December 11, 2009
The Honourable Jim Flaherty, Minister of Finance, today
launched national consultations in Québec City to give Canadians the
opportunity to voice their views on how to best lead Canada to full economic
recovery as the Government prepares its 2010 budget the second phase
of Canada's Economic Action Plan. Consultations in other cities will be announced
later in December and January. (...)
The Government will be seeking responses from Canadians
on a number of questions, including:
* To what extent has Canada's Economic Action Plan been
effective in stimulating activity in their industry, sector or community?
* What suggestions do they have for improving the effectiveness of the Government's
stimulus measures or the speed of their delivery?
* What steps should the Government take to improve the competitiveness of the
Canadian economy and ensure that Canada continues to attract investment and
create jobs once the recovery is achieved and the Economic Action Plan is wound
down?
* Over what time period should the Government bring the budget back into balance?
Consuting
with Canadians website
The Government is asking Canadians for their views on these issues as well as
any other ideas they care to submit.
---
Canada's
Economic Action Plan: A Fourth Report to Canadians
December 2, 2009
The Fourth Report to Canadians shows that 97 per cent of stimulus funding in
Canada's Economic Action Plan has been committed to more than 12,000 infrastructure
and housing projects. About 8,000 or 66 per cent of these projects have already
begun in the 10 months since the two-year plan was launched.
[ News Release ]
[ Backgrounder
]
[ Speech on the release
of the report - Winnipeg, Manitoba ]
Related links:
*
A Third Report to Canadians
- September 2009
* A
Second Report to Canadians - June 2009
*
A First Report to Canadians - March 2009
ActionPlan.gc.ca
- incl. links to:
* THE CHALLENGE * WHAT HAS BEEN DONE * THE PLAN * THE ROLLOUT * WHAT THEY'RE
SAYING
---
Government
of Canada Moves to Implement
Home Renovation Tax Credit and Other Outstanding Measures
September 14, 2009
The Honourable Jim Flaherty, Minister of Finance, today tabled in the House
of Commons a detailed Notice of Ways and Means Motion to implement the Home
Renovation Tax Credit as well as other measures, several of which are outstanding
from Budget 2009. (...)
In addition to the Home Renovation Tax Credit, the Motion:
* Implements the First-Time Home Buyers Tax Credit.
* Enhances the benefits provided under the Working Income Tax Benefit.
* Extends the existing tax deferral available to farmers in prescribed drought
regions to farmers who dispose of breeding livestock because of flood or excessive
moisture, and describes the regions prescribed either as eligible flood or drought
regions from 2007 to 2009.
* Amends the Customs Tariff to relax the conditions relating to temporarily
imported shipping containers.
Related Documents:
* Notice
of Ways and Means Motion to implement certain provisions of the budget tabled
in Parliament on January 27, 2009 and to implement other measures
* Explanatory Notes
to Legislative Proposals Relating to Income Tax
---
Finance
Ministers Indicate Canada Pension Plan is Financially Sound
May
25, 2009
Federal, provincial and territorial Ministers of Finance, as joint
stewards of the Canada Pension Plan (CPP), today announced the results of the
program's triennial review at the close of their annual spring meetings at Meech
Lake. The review confirms that the CPP, a key pillar of Canada's retirement income
system, remains on a sound financial footing. "The CPP is well positioned
to weather the current market turbulence," said the Honourable Jim Flaherty,
Minister of Finance. "Canadians can count on an affordable CPP today and
for the future." The CPP provides over 3.6 million retired Canadians with
benefits of up to $909 per month.
Related document:
Information
Paper: Proposed Changes
to the Canada Pension Plan
Proposed by
Federal, Provincial and Territorial Ministers of Finance
Ottawa, May 25, 2009
(...) The proposed changes will provide greater flexibility for older workers
to combine pension and work income if they so wish; modestly expand pension coverage;
and improve fairness in the Plans flexible retirement provisions.
(...)
The proposed changes will begin to come into force in 2011 following approval
by the Parliament of Canada and provincial governments.
<
COMMENT:
I think it's wonderful that one of the proposed changes to CPP will
allow people to continue working while receiving their CPP benefits. But the economic
downturn is happening NOW, not in 2011, when the CPP changes will "begin"
to come into force. Any change to the CPP requires the support of two-thirds of
the provinces and territories, so if all Canadian ministers of Finance support
the changes, they can fast-track the process of changing the CPP much more expeditiously.
...
and I don't think that most of them *wish* to keep combining pension and work
income, by the way --- they have to.>
Related links:
Consultation
on pensions in Canada
"Strengthening
the Legislative and Regulatory Framework for Private Pension Plans
Subject
to the Pension Benefit Standards Act, 1985"
- launched January 2009
-
closing date for input: May 31, 2009
- incl. links to two consultation documents
from the Department of Finance
Responses/Submissions
from the public
- links to dozens of responses
(to the consultations documents) submitted to the consultation
by union representatives,
pension plan representatives and employer pension representatives.
Ottawa
plans to ease pension rules
Revamp will let early pensioners
keep their jobs
May 26, 2009
Source:
Calgary
Herald
---
From
the
Toronto Star:
$7M
bonus as CPP loses $24B
May 29, 2009
OTTAWAFour top executives
of the Canada Pension Plan Investment Board pocketed nearly $7 million in bonuses
this year despite losing $24 billion of taxpayers' money in bad investments, according
to the board's annual report released yesterday.
Reform
pensions now, expert says
Canada should admit millions of its citizens
will never get the retirement
May 29, 2009
Patchy
pensions leave too many exposed
May 27, 2009
By Carol Goar
(...)
Today, Canada has a half-built pension system. It serves a fortunate minority
relatively well, but leaves many workers facing a bleak retirement. No one is
utterly destitute. All seniors are entitled to a monthly old age security payment.
And those who belonged to the workforce receive a Canada Pension Plan. But these
public programs are designed to provide a modest base on which to build a private
retirement income. And millions of workers simply can't. The lucky ones
38.5 per cent of working Canadians have a company pension. But their luck
is running out...
[ more
columns by Carol Goar ]
Source:
Toronto
Star
-----------------------------
Government
Implements Pension Measures
News Release
March 27 2009
The
Honourable Jim Flaherty, Minister of Finance, today released regulations to provide
temporary solvency funding relief for federally regulated defined benefit pension
plans. The measures cover plans established for employees working in areas that
fall under federal jurisdiction. These plans currently represent 7 per cent of
all private pension plans in Canada, accounting for approximately 12 per cent
of pension assets.
Related documents:
* Solvency Funding Relief Regulations
* Regulatory Impact Analysis Statement
(Click the above news release link to
access these documents)
-----------------------------
Canadians
Can Track Progress of Economic Action Plan
Website helps hold governments
and parliamentarians accountable
News Release
Ottawa, March 11,
2009
The Honourable Jim Flaherty, Minister of Finance today unveiled ActionPlan.gc.ca,
a comprehensive new Government of Canada website that will allow Canadians to
hold governments and public officials accountable for action on the economy. (...)
ActionPlan.gc.ca includes details of Canada's Economic Action Plan, with links
to specifics of initiatives and projects as they are announced. It also explains
the roots of the global financial crisis and Canada's relative performance. The
website will help Canadians to assess how well parliamentarians, provincial and
territorial governments, businesses and others are contributing to positive action
on the economy. The website will be updated regularly.
ActionPlan.gc.ca
-
incl. links to:
* THE CHALLENGE * WHAT HAS BEEN DONE * THE PLAN * THE ROLLOUT
* WHAT THEY'RE SAYING
Canada's
Economic Action Plan:
First Quarterly Report
News Release
March
10, 2009
Today the Harper Government released its first quarterly report on
the progress of Canadas Economic Action Plan the Governments
broad and aggressive response to the global recession
Complete
report
Foreword
Report
in Brief
Chapter 1: Canada's Economic Action Plan
Chapter
2: Accountability Framework
Chapter 3: Working With Domestic and International
Partners
Chapter 4: Progress Achieved to Date
Chapter 5: Conclusion and
Next Steps
Related link from Finance Canada:
March
11 2009
International
Monetary Fund Supports Stimulus Measures in Canada's Economic Action Plan
The
Honourable Jim Flaherty, Minister of Finance, today welcomed an International
Monetary Fund (IMF) statement of support for the fiscal stimulus in Canada's Economic
Action Plan, which it called "large, timely and well-targeted." Noting
the stimulus package is well above the Fund's benchmark of 2 per cent of gross
domestic product (GDP), the IMF statement said the immediate focus should be to
implement the budget to mobilize spending.
Source:
Finance
Canada
-----------------------------
Public
pension consultations, March/April 2009:
Is this the beginning of the end
of the "Cadillac" (indexed) pension for federal civil servants?
A
real world solution for public pensions
By Mark Sutcliffe
March
7, 2009
"(...) What's good for the PS is good for Ottawa. But it's fair
to ask whether a cherished benefit awarded to members of the public service should
last forever. While the federal government begins looking at how to clean up the
mess that has become of many private-sector pension funds, legislators at all
levels may want to also consider this difficult question: Should we consider phasing
out the defined-benefit, fully indexed pensions that are standard for government
employees? (...) There's not much that can or should be done about existing public
employees, who are contractually guaranteed their benefits. But could governments
move toward establishing a defined-contribution plan, like those at most private-sector
employers, for new public servants? Someday, should government workers carry as
much of the burden for saving for their own retirement as everyone else? Thanks
to union agreements, it won't be an easy process. But it's worth considering.
Some may tremble at any element of uncertainty being introduced into public-sector
pensions. Others would respond, welcome to the real world.
Source:
The
Ottawa Citizen
---
Department
of Finance Releases Schedule for Pension Consultations
News Release
March
4, 2009
The Department of Finance announced further details on the public consultations
across Canada on the legislative and regulatory framework for federally regulated
private pension plans, which are scheduled to begin March 13. The Government released
a discussion
paper [ PDF - 107K, 23 pages ] seeking views from Canadians on this issue
on January 9. It followed up by announcing in Budget
2009: Canada's Economic Action Plan (January 27, 2009) that the national
consultations will be chaired by Ted Menzies, Parliamentary Secretary to the Minister
of Finance.
- click the news release link above to access the scheduled dates
and locations for the consultations.
- consultations will be held in : Ottawa
(March 13) - Halifax (March 17)
- Montréal (March 18) - Toronto
(March 20) - Vancouver (April
14) - Whitehorse (April 15) - Edmonton
(April 16)
- Winnipeg (April 17)
The federal government regulates private pension plans that are subject to the Pension Benefits Standards Act, 1985. These plans cover areas of employment under federal jurisdiction, including banking, telecommunications and interprovincial transportation. These plans currently represent 7 per cent of all private pension plans in Canada, accounting for approximately 12 per cent of pension assets. Canadians who wish to attend these consultations or send submissions on the discussion paper are invited to submit an e-mail to this address: pensions@fin.gc.ca
Related links:
Minister
of Finance Launches National Consultations on Private Pensions
News
Release
February 23, 2009
Budget 2009: Canada's Economic Action Plan - January 27, 2009
Minister
of Finance Releases Discussion Paper on Private Pensions
News Release
January
9, 2009
Strengthening
the Legislative and Regulatory Framework
for Private Pension Plans Subject
to the Pension Benefits Standards Act, 1985
[
PDF version
- 107K, 23 pages ]
January 2009
- incl. contact information for anyone
wishing to submit any comments on the discussion paper
The closing date for these consultations was April 17.
Source:
Department
of Finance Canada
---
Budget
2009: Canadas Economic Action Plan
January 27, 2009
-----------------------
NOTE
: all links to the 2009 federal Budget appear on
the 2009 Canadian Government
Budgets Links page:
http://www.canadiansocialresearch.net/budgets.htm
---
Tax
Expenditures and Evaluations 2008 (PDF - 534K,
48 pages)
2008 (PDF file dated 12-08)
Tax Expenditures and Evaluations,
is published on an annual basis. It provides estimates and projections for broadly
defined tax expenditures as well as evaluations and descriptive papers addressing
specific tax measures. This years edition includes an analytical paper entitled
Considerations in Setting Canadas Corporate Income Tax Rate."
[Excerpt from the Preface]
Source:
Government
of Canada Tax Expenditures
Source of information for the analysis of
the Canadian tax system. Provides information on the federal income tax system
(corporate and personal) as well as the goods and services tax (GST).
- includes
links to all editions of this report - including the 2008
report and one for each year going back to 1995 (but no link to a report for 1996).
---
January 2, 2009
Government
helps Canadians maximize their savings with the new Tax-Free Savings Account
January
2, 2009
The Honourable Jim Flaherty, Minister of Finance, the Honourable Jean-Pierre
Blackburn, Minister of National Revenue and Minister of State (Agriculture), and
Mr. Peter Aceto, President and CEO of ING DIRECT Canada, today welcomed the availability
of the new Tax-Free Savings Account (TFSA) introduced by the Government of Canada
in the 2008 Budget.
---
Tax-Free
Savings Account (Govt. of Canada website)
- incl. links to : * Home
* TFSA and you * TFSA calculator * TFSA vs RRSP * TFSA and the economy * TFSA
and seniors * Income-tested benefits * Things to know * More information
---
December
31, 2008
Canadas
Government Provides Individuals, Families and Businesses Important New Tax Relief
for 2009
Finance Minister Jim Flaherty today took the opportunity
to inform Canadians of new tax relief measures that will benefit them in 2009.
(...)
The following measures come into effect in 2009:
* The introduction
of the Tax-Free Savings Account, which will allow Canadians to set money aside
in eligible investments and watch those savings grow tax-free throughout their
lifetimes;
* The reduction of the general corporate income tax rate to 19
per cent from 19.5 per cent. Overall, the general corporate income tax rate is
being reduced from 22.12 per cent (including the corporate surtax) in 2007 to
15 per cent by 2012;
* The extension of accelerated capital cost allowance
treatment for three years for investment in manufacturing or processing machinery
and equipment; and
* As part of the fifth Protocol to the Canada-U.S. Tax
Treaty, the reduction in the rate of withholding tax on interest payments from
Canada to non-arms length U.S. lenders from 7 per cent to 4 per cent. The
withholding tax on non-arms-length interest paid between Canada and the
United States will be completely eliminated as of 2010.
* Backgrounder Summary of Federal Tax Relief for 2008 and 2009
---
Government
Launches National Consultation on Budget Actions to Protect Canadas Economy
December
11, 2008
Related documents:
Federal
Budget 2009 Consultations PART DEUX*
December 11, 2008
"The
following ideas have been proposed as ways of providing stimulus in Budget 2009.
Please rank them according to the priority they should have in the Governments
plan. If youve got another idea, rank that one as well. You will have the
opportunity to spell out your ideas on the next screen."
Here are the
six ideas you are asked to rank:
* Expedite Infrastructure Spending
* Invest in Housing
* Build strong sustainable labour markets and training
incentives
* Support traditional and emerging industrial sectors
* Improve
Access to Credit
* Your Idea: If you believe Budget 2009 should have a different
stimulus priority, assign a ranking to this box. You will be able to explain this
priority on the next screen
Fiscal
Stimulus - Budget 2009 Consultations
Powerpoint-type presentation
Source:
Department of Finance Canada
<*Begin
government consultation supporter rant: December 20, 2008>
Hey,
Finance Canada website team --- here's a tip to make it easier for ordinary Canadians
to participate in your pre-budget consultations:
QUIT CHANGING THE FRIKKIN'
URL FOR THE CONSULTATIONS PAGE!!
On
December 11, when Finance Canada launched its pre-budget consultation, the link
was called:
Online
Pre-Budget Consultations for Budget 2009
(I copied the link name and
URL directly from the Finance Canada website)
Today (December 19), I received
a friendly email from a visitor to my site to inform me that "my"
link to the federal pre-budget consultation website was broken.
I clicked the
link to see for myself (as you can, by clicking the link above) --- the click
took me to a Finance Canada error page with two options : the Finance Dept. website
search engine and the sitemap of the departmental website .
I selected the
Finance
Canada search engine option, entered "2009 budget consultation"
in the search box and hit "Search Now". On the results page, I had to
scroll down to the 14th link to find the "Fiscal Stimulus" presentation,
and there was no other link (among the "best 63 results") to
the 2009 budget consultation. PLEASE Fix your search engine so that it returns
relevant results.
The sitemap
of Finance Canada's website is the second option offered on the error page,
and it's about as useful as the search engine. It offers links to federal budgets
for 2005 to 2008 - not one word about the 2009 budget consultations.
Bottom
Line:
If you *must* change your URLs after you've sent out emails to everyone
on your list (which is not very swift in the first place), don't give people two
options that are equally useless. Either TEST the options to ensure that they
lead visitors to the correct information, or just tell people in your error message
that they should start from the home
page of the departmental website, where there is a clear link to the 2009
budget consultation page.
</End government consultation supporter rant.>
---
Government
of Canada Releases Explanatory Notes for Tax Improvements Tabled on November 28,
2008
December 4,
2008
The Honourable Jim Flaherty, Minister of Finance, today released explanatory
notes for the provisions included in the detailed Notice of Ways and Means Motion
that was tabled on November 28, 2008. The Motion includes a number of tax initiatives
outstanding from the 2008 budget as well as other tax changes, most of which were
released in July 2008 in draft form for consultation (see News
Release 2008-054). As proposed in the 2008 Economic and Fiscal Statement,
the Motion also includes provisions to reduce by 25 per cent the minimum amount
that an individual must withdraw from his or her Registered Retirement Income
Fund in 2008. Under these provisions, if more than the new reduced minimum amount
has already been withdrawn, the excess (up to the original minimum amount) can
be re-contributed. Similar rules will apply to variable benefit money purchase
Registered Pension Plans. The explanatory notes also include details of relieving
refinements to the Department of Finances guidelines on the "normal
growth" limits that apply to specified investment flow-through entities and
partnerships.
Related document
* Explanatory Notes
relating to the Income Tax
Act, the Excise Act, 2001 and the Excise Tax Act
---
Government
of Canada Moves Quickly on Seniors Tax Relief and Other Outstanding Measures
News
Release
November 28, 2008
The Honourable Jim Flaherty, Minister of Finance,
acted today to implement the one-time tax relief for holders of Registered Retirement
Income Funds (RRIFs) that was announced in the Governments 2008 Economic
and Fiscal Statement. The measure, along with several initiatives outstanding
from the 2008 budget and a number of other separately announced tax changes, is
included in a Notice of Ways and Means Motion tabled today in the House of Commons.
---
Government
of Canada Maintains Strong and Responsible Economic Leadership
News
Release
November 27, 2008
The Honourable Jim Flaherty, Minister of Finance,
today announced in his 2008 Economic and Fiscal Statement that the Government
will take actions to restrain spending, protect Canadas hard-won fiscal
advantage and reinforce the stability of our financial system amid this period
of global economic uncertainty.
Related Documents:
Economic
and Fiscal Statement 2008
November 27, 2008
Overview
Complete
report:
HTML
- includes links to individual Chapters (1. Recent Economic Developments
and Prospects - 2. Responsible Leadership: Actions to Strengthen Canada's Economic
and Financial Fundamentals - 3. Fiscal Projections) and to Annexes (1.
Canada's Total Government Fiscal Performance - 2. Draft Legislation and Explanatory
Notes: Reduced 2008 Minimum Withdrawal Amount in respect of Registered Retirement
Income Funds and Variable Benefits under a Registered Pension Plan)
PDF
(2.2MB, 127 pages)
Backgrounder:
Reinforcing
Financial System Stability
Related link:
Budget 2008 (February 26, 2008)
- Go to the Canadian Government Budgets Links page: http://www.canadiansocialresearch.net/budgets.htm
November
14, 2008
Government
of Canada Holds Employment Insurance Premium Rate at Lowest Level in 15 Years
The
Honourable Jim Flaherty, Minister of Finance, and the Honourable Diane Finley,
Minister of Human Resources and Skills Development, today welcomed the Canada
Employment Insurance Commissions decision to hold the Employment Insurance
(EI) premium rate for 2009 unchanged at $1.73, its lowest level in 15 years.
Finance
Ministers Discuss Progress in Implementing Advantage Canada
News
Release
May 30, 2008
(...) Over the past two years, the Government has acted
on Advantage Canada by:
* Reducing the federal debt by over $38 billion;
*
Lowering taxes for Canadians in 200708 and the following five years by $200
billion;
* Cutting corporate income taxes so that Canada will have the lowest
statutory tax rate in the Group of Seven (G7) by 2012 and the lowest overall tax
rate on new business investment in the G7 by 2010;
* Restoring fiscal balance
between the federal government and the provinces and territories;
* Enhancing
infrastructure funding and placing it on a long-term footing with investments
of $33 billion;
* Investing in education and training, including long-term
support of post-secondary education and a modernized Canada Student Loans Program;
and
* Streamlining Canadas immigration system to better respond to the
needs of the Canadian labour market.
Related link:
Advantage
Canada
(...) Advantage Canada is a strategic, long-term economic plan designed
to improve our countrys economic prosperity both today and in the future.
Executive Summary
Complete report:
HTML
version - table of contents and links to each section of the report
PDF
version (996K, 82 pages)
Canadas
Government Delivers Broad-Based Tax Relief for Individuals, Families and Businesses
News
Release
October 30, 2007
The Honourable Jim Flaherty, Minister of Finance,
today presented the Governments 2007 Economic Statement, which proposes
broad-based tax relief for all Canadians, including a further reduction of the
goods and services tax (GST).
Economic
Statement 2007: Strong Leadership. A Better Canada
October 30,
2007
Table of contents:
* Overview * Speech * Introduction
* Chapters:
1.
Recent Economic Developments and Prospects
2. Fiscal Projections
3. Broad-Based
Tax Reductions for Canadians
Annex
Tax Measures: Supplementary Information
and Notices of Ways and Means Motions
* Notices of Ways and Means Motions
Overview
"...bold
new steps to build a better Canada:
* Reducing taxes further for Canadians,
including a further reduction in the goods and services tax (GST).
* Establishing
a new era of declining business taxation.
* Reducing the federal debt by $10
billion this year."
Related links:
Government
proposes $60B in tax cuts, with further GST drop
October 30, 2007
Finance
Minister Jim Flaherty has tabled a motion that calls for $60 billion in tax cuts
over the next five years, including a further cut in the GST to five per cent,
effective Jan. 1. News of the GST cut came in an economic statement delivered
Tuesday afternoon by Flaherty. Normally, the statement contains little more than
an update on the government's fiscal position. Not this time.
Source:
CBC
Flaherty
offers little to working families
October 30, 2007
Ottawa
Finance Minister Flaherty is once again promising billions more in tax cuts which
will provide little lasting benefit to working families, says CUPE National President
Paul Moist.
Source:
Canadian Union of Public
Employees
Related Web/News/Blog links:
Google
Search Results Links - always current results!
Using the following
search terms (without the quote marks):
"Economic Statement 2007, Canada"
-
Web search results page
-
News search results page
- Blog Search
Results page
Source:
Google.ca
----------------------------------------------------------
Canadas
New Government Introduces Draft Legislative
Proposals to Implement the Registered
Disability Savings Plan
October 2, 2007
The Honourable Jim Flaherty,
Minister of Finance, and the Honourable Monte Solberg, Minister of Human Resources
and Social Development, today released draft legislative proposals to implement
the Registered
Disability Savings Plan (RDSP) announced in Budget
2007.
(...)
RDSPs are being introduced in response to the recommendations
of the Minister of Finances
Expert Panel on Financial Security for Children with Severe Disabilities,
which tabled its report in
December 2006.
(...)
Under the new measure, individuals who qualify
for the disability tax credit, or their parents or other legal guardian, will
be able to establish an RDSP. RDSPs will be eligible to receive payments of the
new Canada Disability Savings Grants (CDSGs) and, for low- and modest-income beneficiaries,
Canada Disability Savings Bonds (CDSBs).
(...)
Interested parties are invited
to provide comments in writing on the draft legislative proposals. Comments can
be sent jointly to the Tax Policy Branch, Department of Finance and the Office
of Disability Issues, Human Resources and Social Development Canada at 140 OConnor
Street, Ottawa, ON, K1A 0G5 on or before October 23,
2007. Following this consultation period, the Government intends to
introduce legislation, including regulations under the Canada Disability Savings
Act, to implement the program as quickly as possible.
Related Document:
------------------------------------------------------------
Canadas
New Government Continues to Reduce Taxes for All Canadians
October
2, 2007
"(...)Minister Flaherty today released draft legislation designed
to implement tax measures proposed in Budget 2007 but not included in the Budget
Implementation Act, 2007, which received Royal Assent on June 22, 2007. The
legislation released today introduces a new Working Income Tax Benefit (WITB)...
(...)
The
legislative proposals are being released in draft form so taxpayers and their
advisors will have an opportunity to consider and comment on them before they
are introduced in Parliament. Detailed explanatory notes on the proposals are
also being released with the draft amendments.
Comments on the proposals are requested by October 23, 2007. Once the consultation period is over, the Government will work toward introducing these measures in Parliament at the earliest opportunity.
Related Document:
* Legislative Proposals
and Explanatory Notes
to Implement Remaining Budget 2007 Tax Measures
NOTE:
the draft legislation concerning the WITB is on pages 72-77 of the PDF file, and
the detailed explanatory notes are on pages 235-245.
Related link:
The
Working Income Tax Benefit (WITB) and Registered Disability Savings Plan (RDSP):
With the Legislation unveiled, it is time to be heard
By John Stapleton
October 6, 2007
"(...) The Budget bills are important
and they deserve discussion and comment. A very small window has been created
to allow Canadians to respond. Download the Budget documents and the explanations.
Read them carefully and make a submission by October 23, 2007. It is a unique
opportunity for your voice to be heard by Members of Parliament, their staff and
by the Public Service.
------------------------------------------------------------
Beginning
Today Canadas New Government Is Providing
Funding to the Provinces and
Territories to Restore Fiscal Balance
News Release
June 28,
2007
The Honourable Jim Flaherty, Minister of Finance, confirmed that with
the passage of Bill C-52, $39 billion in new funding over the next seven years
will start flowing to the provinces and territories today.
Some context?
The following link takes you to Finance Canada's detailed and up-to-date presentation on federal transfers to provinces and territories for health and social programs; the whole section is worth exploring, but the link to the Equalization section is active so you can access information on how equalization works and the changes implemented by the 2007 federal budget.
Federal
Transfers to Provinces and Territories
- incl. links to info about
: Major Federal Transfers - Federal Transfers to Provinces and Territories - The
Canada Health Transfer and the Canada Social Transfer - Equalization and Territorial
Formula Financing - Other Transfers - Fiscal Balance - Multimedia - Related Links
- Archive
Source:
Department
of Finance Canada
Related links:
Equalization:
Atlantic discord and federal fumbling
June 29
"(...) A
serious, independent re-assessment of Canadas financial arrangements
away from the heat of the present skirmishes is urgently needed."
Source:
The
ChronicleHerald.ca (Halifax)
Google News Search Results : "Equalization Program"
----------------------------------------------------------
Making
a Strong Canadian Economy Even Stronger
News
Release
June 20, 2007
Statement by the Honourable Jim Flaherty, Minister
of Finance, on behalf of Canadas New Government at the conclusion of meetings
with his provincial and territorial counterparts.
June
12, 2007
Budget Implementation
Bill Is Passed in the House of Commons
The Honourable Jim Flaherty,
Minister of Finance, is pleased that key measures proposed in Budget 2007 were
passed today by the House of Commons.
- incl. a summary of Budget 2007 measures
Canadas
New Government Funds Key Priorities for Canadians Through Targeted Tax Relief
March
1, 2007
The Department of Finance today released its annual Tax Expenditures
and Evaluations report. The report provides details of the economic and social
priorities that the Government of Canada funds through targeted federal tax credits
and tax reductions. The revenue estimates and projections in the report reflect
the substantial tax relief proposed in the Tax Fairness Plan and announced in
Budget 2006. In the last year, this amounts to 29 new tax initiatives
Related document:
Tax Expenditures and Evaluations
2006
HTML
version
PDF
version (719K, 75 pages)
Canadas
New Government Reduces Taxes for Canadian Fishers
February 23,
2007
Canadas
New Government Provides Real Tax Relief for Canadians
February
22, 2007
The Honourable Jim Flaherty, Minister of Finance, is pleased to announce
that the entire $26-billion tax relief package included in Budget 2006 is now
law, thereby guaranteeing its benefits for Canadian families, students, workers
and seniors. The final budget bill, Bill C-28, has received Royal Assent.
International
Monetary Fund Praises Economic Plan of Canadas New Government
February
13, 2007
News Release
The Honourable Jim Flaherty, Minister of Finance,
today welcomed the release of an annual International Monetary Fund (IMF) report,
which praises Canadas strong economic performance, forecasts continued growth
and welcomes Advantage Canada, the long-term economic plan of Canadas New
Government.
Related link:
Advantage Canada - Building a Stronger Economy for Canadians
IMF Report:
Canada:
2007Article IV Consultation - Staff Report;
and Public Information Notice
on the Executive Board Discussion (PDF file - 1.1MB, 35
February
13, 2007
IMF
Executive Board Concludes 2007
Article IV Consultation with Canada
Public
Information Notice No. 07/18
February 13, 2007
On January 12, 2007, the
Executive Board of the International Monetary Fund (IMF) concluded the Article
IV consultation with Canada.
February
7, 2007
Canadas
New Government Launches Nationwide Pre-Budget Consultations
"The
Honourable Jim Flaherty, Minister of Finance, today launched online consultations,
giving Canadians from coast to coast to coast an opportunity to participate in
the development of Budget 2007. Canadas New Government held federal online
consultations for the first time during the development of last years budget."11
-
includes an invitation by the Honourable Jim Flaherty, Minister of Finance, to
Pre-Budget Web Consultations
Related Link:
Online
Pre-Budget Consultations for Budget 2007
NOTE this consultation ends at
midnight on February 28, 2007.
--------------------------------------------------------------
Canadas
New Government Is Providing Real Tax Relief for Canadians
News
Release
December 22, 2006
Canadian families, students, workers and seniors
will be able to keep more of their hard-earned money in 2006 and 2007. Canadas
New Government is providing substantial and immediate tax relief in every way
the government collects taxes.
- includes a summary of all federal tax relief
measures for 2006 and 2007
Canada's
New Government Commits $526 Million
to Combat Homelessness and Extend Funding
for Renovation Programs
December 19, 2006
Today,
the Honourable Diane Finley, Minister of Human Resources and Social Development,
announced $526 million for the new Homelessness Partnering Strategy (HPS), a strategy
aimed at combating homelessness in communities across Canada and extending CMHC's
renovation programs. The new Homelessness Partnering Strategy (HPS) will be funded
at $270 million over two years.
--------------------------------------------------------------
Canada's
New Government Establishes
Program Eligibility for the Children's Fitness
Tax Credit
News Release
December 19, 2006
The Honourable
Jim Flaherty, Minister of Finance, today released guidelines on the Children's
Fitness Tax Credit, which is scheduled to become effective on January 1, 2007.The
Minister confirmed that as recommended by the Expert Panel for the Childrens
Fitness Tax Credit, the definition of eligible programs will support childrens
participation in all programs that significantly contribute to their fitness.
In addition, the Minister indicated that substantial additional support would
be provided to children eligible for the disability tax credit to recognize the
unique barriers they face in becoming more active.
- includes a backgrounder
with more detailed info
Minister
Flaherty Announces New
Collaborative Steps With Provincial and Territorial
Finance Ministers
News Release
December 15, 2006
The Honourable
Jim Flaherty, Minister of Finance, issued the following statement today at the
conclusion of his meeting with provincial and territorial counterparts: We
had a productive meeting, a healthy exchange of views, and made considerable progress
on the issues before us. There was a great deal of support for the priorities
set out in the Advantage Canada plan.
Canada's
New Government Receives Recommendations
on Savings Measures to Help Children
With Severe Disabilities
News Release
December 12, 2006
"(..)
Government must better enable parents to set aside funds today to financially
support a child with a severe disability, when they are no longer able to provide
support."
Complete report:
A
New Beginning -
The Report of the Minister of Finance's Expert Panel on Financial
Security for Children with Severe Disabilities
December 2006
HTML
version
PDF
version (325K, 82 pages)
Table of Contents:
Acknowledgements * Introduction
* The Mandate of the Panel * The Composition of the Panel * The Constitutional
Constraints * The Fiscal Policy Framework * Plan Concepts * Plan Definitions and
Details * Federal-Provincial Issues * Costing the Plan * Future Directions * Recommendations
* Appendices (incl. the July 31/06 news release announcing the appointment of
a "Panel to Help Children with Severe Disabilities" and the Terms of
Reference for the Panel)
Related Link:
Report
recommends tax break for parents of disabled children
December
13, 2006
Parents of severely disabled children should be able to set aside
up to $200,000 tax free for their care, in the same manner that parents can now
create savings plans for the higher education of their children, a panel set up
by the federal Finance Minister to investigate the issue has concluded. In a report
presented yesterday to Finance Minister Jim Flaherty, the group also calls on
Ottawa to provide parents of children with severe disabilities with cash grants
of at least $1,000 annually over 20 years, and to double those payments to low-income
families.
Source:
The Globe and
Mail
Canada's
New Government Reduces
Debt Burden to Lowest Level in Quarter Century
News
Release
November 28, 2006
"The Honourable Jim Flaherty, Minister of
Finance, today tabled in Parliament the Debt Management Report for 200506,
which reports that Canadas New Government has eliminated $13.2 billion in
federal debt. 'This achievement will yield interest savings of approximately $650
million each and every year,' said Minister Flaherty. 'Thats money that
can be used to provide priority programs or further reduce the tax burden on Canadian
families and businesses.' The Government has reduced its debt to $481.5 billion
from its peak of $562.9 billion in 199697, a reduction of $81.4 billion.
Canadas net debt burden is the lowest in the G7 and is well below the average
of countries in the Organisation for Economic Co-operation and Development."
Complete report:
Debt
Management Report for 200506
HTML
PDF
version - 1.02MB, 91 pages
Outlines the key elements of current federal
debt management strategy and describes various strategic and operational aspects
of the government's debt program and cash management activities over the past
year
Debt Management reports for Earlier Fiscal years - back to 1997
Related Links:
Annual Financial Report of the
Government of Canada
Fiscal Year 20052006
September 2006
PDF
version - 663K, 31 pages
HTML
version
- Table of Contents, incl. links to : Report Highlights -
Budgetary Revenues - Total Expenses - The Budgetary Balance and Financial Source/Requirement
- Federal Debt - Comparison of Actual Budgetary Outcomes to Budget Estimates -Report
of the Auditor General on the Condensed Financial Statements of the Government
of Canada - Condensed Financial Statements of the Government of Canada
Annual Financial Reports for Earlier Fiscal Years - back to 1995-96
Fiscal
Reference Tables, September 2006
HTML
version
PDF version
- 348K, 64 pages
The Fiscal Reference Tables provide annual data on the financial
position of the federal and provincial governments. The data are presented on
both a Public Accounts basiscorresponding to the accounting conventions
used to report financial information to the respective legislaturesas well
as on a National Accounts basisas prepared by Statistics Canada and the
Organisation for Economic Co-operation and Development.
Fiscal Reference Tables for Earlier Years - back to 1996
Source:
Department
of Finance Canada
--------------------------------------------------------------------
Canada's
New Government Releases Advantage Canada:
An Economic Plan to Eliminate Canada's
Net Debt and Further Reduce Taxes
News
Release
November 23, 2006
The Honourable Jim Flaherty, Minister of Finance,
today released Advantage Canada: Building a Strong Economy for Canadians, a long-term,
national economic plan designed to make Canada a true world economic leader. The
plan, unveiled along with Minister Flahertys Economic and Fiscal Update,
features a new national objective to eliminate Canadas total government
net debt in less than a generation and further reduce taxes for all Canadians.
-
includes links to:
* The
Economic and Fiscal Update 2006 (table of contents, links to all files)
* Advantage Canada - Building
a Stronger Economy for Canadians
The Economic and Fiscal Update 2006
Canada's
New Government Renews Inflation-Target Agreement With the Bank of Canada
News
Release
November 23, 2006
The Honourable Jim Flaherty, Minister of Finance,
today announced that as part of its Advantage Canada plan to build a strong economy
for Canadians, Canadas New Government has reached an agreement with the
Bank of Canada to renew Canadas inflation-control target for a further five
years to 2011. Maintaining low, stable and predictable
inflation goes right to the bottom line of every household budget, said
Minister Flaherty. It ensures affordable mortgage rates, allows more families
to purchase new homes, secures the value of incomes and keeps the costs of purchases
stable."
Source:
Department
of Finance Canada
Related Link:
Canada's
New Government Launches National
Web-Based Consultations on Advantage Canada
Economic Plan
November 24, 2006
November
24, 2006
Online
Consultations on the Advantage Canada Plan
"Invitation by the
Honourable Jim Flaherty, Minister of Finance, to Participate in Advantage Canada
Consultations:
To Canadians in every part of this country, I would like to
say that Im looking forward to seeing your ideas on how we can best implement
Advantage Canada, our new long-term Plan to build a strong economy for Canadians
and secure a better quality of life now and for future generations."
-------------------------------------------------
Canadas
New Government Announces Tax Fairness Plan
October 31, 2006
The
Honourable Jim Flaherty, Minister of Finance today announced a Tax Fairness Plan
for Canadians. The plan will restore balance and fairness to the federal tax system
by creating a level playing field between income trusts and corporations.
Related documents:
Backgrounder
HTML
version
PDF Version
(78K, 12 pages)
Statement by the Honourable Jim Flaherty, Minister of Finance
Notice of Ways and Means Motion to Amend the Income Tax Act
October
4, 2006
More Flexibility
to Seniors in the Management of Their Life Income Funds
The Honourable
Jim Flaherty, Minister of Finance, today announced that the regulations to immediately
remove the requirement to convert federally regulated life income funds (LIFs)
to life annuities at age 80 have now come into force. The
regulations were published in the Canada Gazette. Seniors have asked for a greater
degree of control over their retirement savings and this initiative will help
give it to them," stated Minister Flaherty. A LIF is a special registered
retirement income fund into which funds from pension plans or other locked-in
retirement funds can be transferred.
Canada's
New Government cuts wasteful programs,
refocuses spending on priorities, achieves
major debt reduction as promised
September 25, 2006
Canada's
New Government Is Getting Things Done by Providing Additional Funding for Transit,
Housing and Education
September 25, 2006
- includes the following
backgrounder:
One-Time
Funding to Provinces and Territories --- "The 200506
Annual Financial Report of the Government of Canada confirmed the availability
of funds to provide for $3.3 billion in federal financial support to help provinces
and territories deal with immediate pressures in post-secondary education, affordable
housing and public transit, as well as over $320 million in support for international
initiatives.
Notice
of Ways and Means Motion Tabled
September 25, 2006 - includes a
Notice of Ways and Means Motion to amend the Excise Tax Act and a Detailed Proposals
on the Elimination of the GST Visitor Rebate Program.
Canada's
New Government cuts wasteful programs, refocuses spending on priorities, achieves
major debt reduction as promised Annual
Financial Report of the Government of Canada Fiscal Year 2005-2006 Fiscal
Reference Tables - September 2006 ------------------------------------------------------------ Related Link (from Treasury Board Secretariat): Backgrounder
- Effective Spending Here
are the "Lowlights" of the cuts --- the
biggest losers in the social envelope: Status
of Women
Health
Social Development Partnerships
Others - Elimination
of Funding for the Law Commission of Canada: $4.1 million (These
"lowlights" were prepared by Pedro Barata - merci, Pedro!) ------------------------------------------------------------------------------ Related Links from sources other than government: Federal
cuts to literacy programs add to Canadas low-literacy dilemma, says ABC
CANADA Related Link: Backgrounder
- Effective Spending ********************************* Government's
real priorities revealed ------------------------- Cuts
to Status of Women and Court Challenges Program ------------------------- An
important message from CPRN President Sharon Manson Singer ------------------------- If
I had 13.2 billion dollars... Also from CUPE: Current
federal government cuts will seem like "small potatoes" ---------------------------------------------------------- Google
Web Search Results: |
----------------------------------------------------------
Canadas
New* Government
Continues to Deliver on Its Tax Relief Plan
News
release
August 31, 2006
The Honourable Jim Flaherty, Minister of Finance,
today announced that Canadas new Government is keeping its promise to Canadians
by delivering on its Tax Relief Plan. The measures below are part of the Governments
plan to deliver over $20 billion in tax cuts over the next two years, which is
more than the last four budgets of the previous government combined. These measures
were part of the income tax measures that were proposed in Budget 2006 but not
included in the Budget Implementation Act, 2006, which received Royal Assent on
June 22, 2006.
These measures are:
* The new Canada Employment Credit.
* The new Textbook Tax Credit.
* The new tax credit for public transit passes.
* The new deduction for tradespeoples tool expenses.
* A complete exemption
for scholarship income received in connection with enrolment at an institution
which qualifies the student for the education tax credit.
* A doubling, to
$2,000 from $1,000, of the amount on which the pension income credit is calculated.
* An extension of the $500,000 lifetime capital gains exemption, and various intergenerational
rollovers, to fishers.
* The new Apprenticeship Job Creation Tax Credit.
* A reduction of the current 12 per cent small business tax rate to 11.5 per cent
for 2008 and to 11 per cent thereafter.
* An increase, to $400,000 from $300,000,
of the amount that a small business can earn at the small business tax rate, effective
January 1, 2007.
* A reduction of the minimum tax on financial institutions.
Related Document
- Legislative Proposals and Explanatory Notes to Implement Remaining Budget 2006 Income Tax Measures
Source:
Department
of Finance Canada
----------------------------------------------------------------------
*See Canada's New Government Countdown Contest
----------------------------------------------------------------------
Canadas
New Government Launches National Web-Based Consultations on Fiscal Balance
News
Release
August 8, 2006
"The Honourable Jim Flaherty, Minister of Finance,
on behalf of Canadas new government, today launched online consultations
to give Canadians the opportunity to provide their views on restoring fiscal balance."
The Consultations page:
Online
Consultations on
Restoring Fiscal Balance in Canada
- The fiscal
balance consultation closed on September 8, 2006
Related Links:
Restoring Fiscal Balance in Canada - from the 2006 federal Budget (May 2)
Consultation
on Post-Secondary Education and Training in Canada - (from Human
Resources and Social Development Canada)
- The post-secondary education
and training consultation closed on September 8, 2006
Restoring
Canadas Fiscal Balance: Consultations on Immediate and Long-Term Funding
Support for Infrastructure
- from Infrastructure
Canada
- The funding for infrastructure consultation closed on September
8, 2006
Canada's
New Government Provides Substantial Tax Relief Beginning July 1
June
30, 2006
The Honourable
Jim Flaherty, Minister of Finance, reminded Canadians of tax changes that will
take effect July 1, 2006. "In Budget 2006, Canadas new government introduced
more than $26 billion in tax relief over the next two years, of which over 90
per cent will go to individuals," Minister Flaherty said.
Effective July
1:
* About 655,000 low-income Canadians will be removed from the tax rolls
altogether.
* The GST will be reduced to 6 per cent from 7 per cent. This will
put almost $9 billion into the pockets of Canadians over the next two years.
*
Working Canadians will become eligible for the Canada Employment Credit on up
to $500 of annual employment income to help pay the additional costs of employmentcosts
for things like uniforms, computers or safety gear. Next year, the amount of employment
income eligible for the credit will increase to $1,000.
* The lowest personal
income tax rate will be permanently reduced to 15.5 per cent.
* The basic personal
amountthe amount that an individual can earn without paying federal income
taxwill increase each year and remain above previously legislated levels
for 2005, 2006 and 2007.
* Canadians who buy monthly transit passes will get
a tax credit. A person who buys passes costing $80 a month will receive about
$150 a year in federal tax relief. That will save commuters $370 million over
the next two years.
* Excise duty on Canadian wine produced with 100 per cent
Canadian agricultural products is eliminated, a reduction of 62 cents a litre.
*
Excise duties are reduced on the first 75,000 hectolitres of Canadian-produced
beer. All Canadian brewers will enjoy excise duty savings of about $2.30 on a
24-pack of 341 ml bottles on their first 2,000 hectolitres of production per year.
*
The minimum tax on financial institutions will be modified as of July 1, 2006,
which will reduce government revenues by $15 million in 200607.
Review
Finds Canada Pension Plan Is Financially Sound
News release
June
27, 2006
"Federal and provincial Ministers of Finance, as joint stewards
of the Canada Pension Plan (CPP), today announced the conclusion of their triennial
financial review of the CPP. The review confirms that the CPP is on sound financial
footing. "Our analysis suggests that the 9.9 per cent contribution rate will
be sufficient to sustain the Plan into the foreseeable future," stated the
Honourable Jim Flaherty, Minister of Finance. "We have therefore agreed that
the contribution rate will remain unchanged." By providing over 3 million
retired Canadians with maximum benefits of up to $844 per month, the CPP represents
a key pillar of Canadas retirement income system. With assets projected
to grow to $250 billion in the next 10 years, the Plan has been recognized internationally
as an affordable model for securing adequate retirement income in the face of
population aging and economic change."
- incl a backgrounder: "Proposed
Changes to the Canada Pension Plan"
International
Monetary Fund (IMF) Report Says Canadas Economic Outlook Very Favourable
News
Release
June 16, 2006
The Honourable Jim Flaherty, Minister of Finance,
today welcomed the release of an annual International Monetary Fund (IMF) report
that forecasts continued growth for the Canadian economy. 'I am glad to see the
IMF staff highlight how Canadas macroeconomic and policy performance has
continued to outshine that of most other industrial countries,' Minister
Flaherty said."
Source:
Department
of Finance Canada
Complete report:
Canada:
2006 Article IV ConsultationStaff Report;
Staff Supplement; and Public
Information Notice on the Executive Board Discussion (PDF file - 1.07MB,
66 pages)
IMF Country Report No. 06/230
June 2006
"Canadas
macroeconomic and policy performance has continued to outshine most other industrial
countries and its outlook remains favorable."
[Executive Summary, p.3]
Related Link:
Canada:
Selected Issues (PDF file - 648K, 24 pages)
IMF Country Report
No. 06/229
June 2006
"background documentation for the periodic consultation
with the member country"
- incl. Regional Dimensions of the Canadian Economy-
Canadian Inflation Targeting and Macroeconomic Volatility in Retrospect and Prospect
- Conclusion and Policy Implications - Efficiency Gains from Reducing the GST
Versus Personal Income Taxation in Canada - more..
Source:
Canada
and the IMF
[ International
Monetary fund ]
"The IMF is an organization of 184 countries, working
to foster global monetary cooperation, secure financial stability, facilitate
international trade, promote high employment and sustainable economic growth,
and reduce poverty."
2006
Indexation Adjustment for Personal Income Tax System
News Release
December
9, 2005
"All personal income tax amounts will be adjusted by 2.2 per cent
in 2006 to ensure that inflation does not cause people to pay more income tax.
Restoration
of full indexation of the personal income tax system was announced in Budget 2000
and took effect that same year. Since that time, personal income tax amounts have
been indexed to inflation every year using Consumer Price Index data, as reported
by Statistics Canada."
- includes Backgrounder : How Tax Parameters Are
Indexed
The
Economic and Fiscal Update
November 14, 2005
Everything you wanted
to know about the Economic and Fiscal Update, including:
Economic
and Fiscal Update: Strong Growth, Healthy Finances and a New Plan to Promote Long-Term
Prosperity
News Release
Flash
presentation of Update 2005
- includes 2005 Tax Savings Calculator
(Flash v.8 plugin required)
Overview
HTML
version
PDF version
(157K, 10 pages)
Speech
HTML
version
PDF version
(89K, 16 pages)
Complete report:
The Economic and Fiscal Update Table
of Contents
- select individual chapters or annexes to read in HTML format:
1.
Overview
2. Economic Developments and Prospects
3. Canadas Fiscal
Progress
4. Private Sector Five-Year Economic and Fiscal Projections
5.
A Plan for Growth and Prosperity
Annexes
1.
Risks and Uncertainties in Fiscal Projections
2. Perspective: Long-Term Track
Record of Fiscal Forecasting
2.b Details on Differences by Fiscal Year
3.
National AccountsPublic Accounts Reconciliation
4. Detailed Descriptions
of Tax Measures
Google Web Search Results : "Economic
and Fiscal Update, Canada"
Google News search Results : "Economic
and Fiscal Update, Canada"
Source:
Google.ca
Also from Finance Canada:
Minister
of Finance Tables Notice of Ways and Means Motion for Remaining Budget 2005 Income
Tax Measures
November 17, 2005
- Includes a Backgrounder and
Notice of Ways and Means Motion to Implement Certain Provisions of the Budget
Tabled in Parliament on February 23, 2005.
Minister
of Finance Proposes Amendments Concerning the Income Tax Treatment of Certain
Expenditures
November 17, 2005
- Includes Backgrounder and
Notice of Ways and Means Motion to Amend the Income Tax Act
Proposed
GST/HST Amendments Relating to the Financial Services Sector
November
17, 2005
- Includes Legislative Proposals, Draft Regulations and Explanatory
Notes Relating to the Excise Tax Act
Treasury
Evaluation Program Framework
Describes the objectives and process
of the Treasury Evaluation Program (TEP) of the Department of Finance.
Immediate
Income Tax Relief: Notice of Ways and Means Motion Tabled to Implement Update
2005 Measures
November 14, 2005
- Includes Notice of Ways and
Means Motion and Explanatory Notes
Economic
and Fiscal Update: Strong Growth, Healthy Finances and a New Plan to Promote Long-Term
Prosperity
November 14, 2005
- includes The Economic and Fiscal
Update 2005
-----------------------
The
Economy in Brief - September 2005
"Overview
*
In the second quarter of 2005 real gross domestic product (GDP) grew 3.2%, following
a 2.1% increase in the first quarter.
* Final domestic
demand remained solid, rising 2.9% following a gain of 6.2% in the first quarter.
Residential investment rebounded from a first-quarter decline.
*
Increased domestic demand was met through domestic production as real imports
fell 3.5% after an 11.0% jump in the first quarter. Real exports rose 0.8% following
a 5.5% gain in the first quarter.
* The current account
registered its 24th consecutive quarterly surplus. It widened by over $5 billion
to $18.7 billion or 1.4% of nominal GDP.
* Since the
end of 2004 the Canadian economy has created over 137,000 net new jobs, all of
them full-time. The unemployment rate remained at 6.8% in August, near its lowest
level since 1976."
Source:
Economy
in Brief 2005
- includes similar analyses for March and June of 2005 -
[ earlier years, back to 1996
]
-----------------------
Minister
of Finance Releases Draft Legislative Proposals Implementing Remaining Budget
2005 Income Tax Measures
August
15, 2005
"Minister of Finance Ralph Goodale today released a package of
draft amendments to the Income Tax Act to implement measures originally proposed
in Budget 2005.
These measures include:
* Introducing a new tax credit
for adoption expenses such as adoption agency and legal fees.
* Improving
the disability tax credit and making it more widely available.
* Further
changes to improve the tax treatment of persons with disabilities and those
who care for them, for example, by doubling the amount of disability-related and
medical expenses that can be claimed by a caregiver, and expanding the list of
expenses eligible for the medical expense tax credit and the disability supports
deduction.
* Helping agricultural cooperative corporations through a
new tax deferral in respect of certain patronage dividends."
Related
Documents:
* Legislative
Proposals Relating to Certain Income Tax Measures Announced in Budget 2005
*
Explanatory Notes to Legislative
Proposals Relating to Certain Income Tax Measures Announced in Budget 2005
-----------------------
Review
of Canadian Federal Fiscal Forecasting
Processes and Systems
By
Tim ONeill
June 2005
HTML
version
PDF
version (764K, 169 pages)
-----------------------
The
Economy in Brief - December 2004
December 23, 2004
Source:
The
Economy in Brief 2004
[ Department
of Finance Canada ]
-----------------------
Minister
of Finance Welcomes Positive IMF Report on Canada
News
Release
December 20, 2004
"Minister of Finance Ralph Goodale welcomed
the annual Statement of the International Monetary Funds (IMF) Mission on
Canada, which was released today. The report lauds Canada, especially its fiscal
performance, which it describes as the best among the Group of Seven (G-7) industrialized
countries. 'This report is a further vindication of the sacrifices made by Canadians
to get our nations finances back on track over the past decade,' said Minister
Goodale."
Source:
Department
of Finance Canada
Related Link:
2005
Article IV Consultation with Canada
Preliminary Conclusions of the IMF Mission
December
1, 2004
"Describes the preliminary findings of IMF staff at the conclusion
of certain missions (official staff visits, in most cases to member countries).
Missions are undertaken as part of regular (usually annual) consultations under
Article IV of the IMF's Articles of Agreement, in the context of a request to
use IMF resources (borrow from the IMF), as part of discussions of staff monitored
programs, and as part of other staff reviews of economic developments."
[The
IMF will release its full report on Canada next year.]
Two observations of relevance to social researchers among these preliminary findings:
"The Employment Insurance system remains an uneasy combination of unemployment insurance and social assistance. Funding the latter function through general revenues would be more efficient and transparent, and every effort should be made to reinforce the insurance principle of the program through experience rating of employers and employees. Care will be needed to resist further eroding the mid-1990s reforms and to ensure that the premium rate can be set at a low rate that balances the system over the cycle and avoids the need for annual adjustments.
Reforms in other social programs could help increase labor utilization and efficiency. Even with recent gains in labor participation, there remains room to further improve labor supply by reducing incentives for early retirement in the public pension systemsuch as by amending benefit calculations and curbing excessive use of disability benefitsand by lowering "welfare walls" in the social transfer system*."
Source:
International
Monetary Fund
*NOTE: "lowering welfare walls in the social transfer system" can of course be interpreted differently, depending on who's doing the interpreting.
Organizations like the IMF, the World Bank and the Organisation for Economic Co-operation and Development view the welfare wall within an economic framework, i.e., the disincentives that prevent people from leaving welfare. These disincentives include a range of non-cash benefits, generally health-related, that are available to households on welfare but not to low-wage workers' families. (It should be noted - but it often isn't in 'Canada-wide' reports - that this non-cash coverage for welfare households varies considerably among the provinces and territories, each of which is responsible for the design and delivery of its welfare program.) The IMF, World Bank and OECD would reduce the welfare wall to "make work more attractive than welfare" or "to make work pay more than welfare" by reducing or freezing welfare benefits and making it more difficult for households to qualify for welfare in the first place.
On the other hand,
we have the social advocacy community - Canadian *and* international - reminding
us that the welfare wall grew over the years not because welfare benefits were
so generous, but because minimum wages and other employment standards have taken
a nosedive since the 1970s. Social justice groups suggest that a better way to
reduce that welfare wall would be to improve minimum wages and working conditions,
including the extension of special health coverage to everyone in the low-wage
sector of the Canadian economy. An increase in welfare dependency isn't generally
traceable to an overly-generous system - it's a symptom of dysfunction in the
low end of the labour market. It's like saying, "Yeah, the health care system
is strained because of the demand, so we'll have to trim back on the health system"
(vs. fixing the problems that are causing the increase in demand).
It's the
labour market, Stupid.
[End of rant. For now.]
-----------------------
Speech
by the Honourable Ralph Goodale, Minister of Finance, to the
Board of Trade
of Metropolitan Montreal Challenge and Opportunity in the Canadian Federation
December
14, 2004
Montréal, Quebec
-----------------------
Minister
of Finance Tables Debt Management Report for 2003-04
News
Release
December 8, 2004
"Minister of Finance Ralph Goodale today tabled
in the House of Commons and the Senate the Government of Canadas Debt Management
Report for fiscal year 200304. The report notes that the federal government
has reduced its debt to $501.5 billion on a full accrual accounting basis, down
$61.4 billion from its peak in 199697."
Complete report:
Debt
Management Report 20032004
HTML
version
PDF
version (470K, 85 pages)
-----------------------
Minister
of Finance Tables a Notice of Ways and Means Motion to
Implement Budget 2004
Measures
News Release
December 6, 2004
"Minister of
Finance Ralph Goodale today tabled in the House of Commons a detailed Notice of
Ways and Means Motion to implement measures proposed in Budget 2004. Among others,
these measures include:
* introducing income tax relief for Canadian Forces
personnel and police deployed to international high-risk operational missionsincluding
additional missions announced on April 14, 2004;
* improving tax fairness
for persons with disabilities and those who care for them;
* accelerating
to 2005 from 2006 the increase in the small business deduction limit to $300,000;
* extending the carry-forward period for business losses to 10 years;
* eliminating
the deductibility of fines and penalties;
* introducing a new regulatory regime
for registered charities; and
* reducing the Air Travellers Security Charge."
-
incl. links to the following related documents:
* Notice
of Ways and Means Motion to implement certain
provisions of the budget tabled
in Parliament on March 23, 2004
* Explanatory
Notes on Relating to the Air Travellers Security Charge,
the First Nations
Good and Services Tax, Income Tax and Other Related Measures
Economic
and Fiscal Update: Stronger Growth and Balanced Budgets for Canada
News
Release
November 16, 2004
"Stronger economic growth, balanced budgets
and improved management of taxpayer dollars were the main messages delivered today
by Minister of Finance Ralph Goodale in his first Economic and Fiscal Update presentation
to the House of Commons Standing Committee on Finance."
-----------------------
The
Economic and Fiscal Update 2004
- incl. links to : Overview Pamphlet
- Speech - Powerpoint slide presentation used by the Minister
Annexes:
Foreword
1. Canada's Fiscal Progress.
2 - Economic Developments and Prospects.
3 - Private Sector Five-Year Economic and Fiscal Projections.
4 - Private
Sector Five-Year Fiscal Projections: National Accounts Public Accounts
Reconciliation.
------------------------------------------------------
Google.ca
News Search Results: "Economic and Fiscal
Update, Canada"
Source:
Google.ca
------------------------------------------------------
Tax
Expenditures: Notes to the Estimates/Projections (2004)
November
4, 2004
Sets out the approach used in developing the estimates and projections
contained in the main report, and also provides a description and presents the
objective of each tax expenditure.
Tax
Expenditures and Evaluations - 2004
November 4, 2004
Provides estimates
and projections for broadly defined tax expenditures.
Department
of Finance Releases Transfer Estimates
News Release
October
12, 2004
"The Department of Finance today issued revised estimates of
transfers to the provinces for 200203, 200304 and 200405. These
transfers include equalization, the Canada Health Transfer, the Canada Social
Transfer and the Health Reform Transfer. Revised estimates were also issued for
the Territorial Formula Financing (TFF) program."
Government
of Canada Records Seventh Consecutive Surplus
News
Release
October 13, 2004
"Minister of Finance Ralph Goodale announced
today that the Government of Canada recorded a surplus of $9.1 billion for fiscal
year 200304. Consistent with generally accepted accounting principles, the
$9.1 billion has been applied to reduce Canadas federal debt. This marks
the seventh consecutive annual surplus, the first time such a record has been
achieved in Canadas history."
Related documents:
Annual
Financial Report of the Government of Canada - Fiscal Year 20032004
Fiscal
Reference Tables - October 2004
Statement
prepared for the International Monetary and Financial Committee of the International
Monetary Fund
The Honourable Ralph Goodale, Minister of Finance of
Canada
October 2, 2004
Statement
prepared for the Development Committee of the World Bank and International Monetary
Fund
The Honourable Ralph Goodale, Minister of Finance of Canada
October
2, 2004
NOTE: For more links to info
about the 2004 Annual Meetings of the International Monetary Fund and World Bank
Group Boards of Governors,
go to the Globalization Links page: http://www.canadiansocialresearch.net/global.htm
Minister
of Finance Tables Debt Management Strategy for 2004-05
News
Release
March 30, 2004
"Minister of Finance Ralph Goodale today tabled
in the House of Commons and the Senate the Government of Canadas Debt Management
Strategy for fiscal year 2004-05. The document provides details on federal borrowing
and investment policies for the coming fiscal year."
Related
document:
Debt
Management Strategy - 2004-2005
The
Fiscal Balance in Canada: The Facts
Revised March 9, 2004
"The
argument by provincial governments that the money is in Ottawa while the needs
are in the provinces does not withstand the test of facts, or take into account
the reality that sound fiscal management by the federal government through balanced
budgets or better benefits all Canadians."
NOTE: Go to the Canadian
Social Research Links Council
of the Federation or the Medicare
Debate Links page for the view from the provinces and territories on fiscal
balance
Federal-Provincial
Relations and Social Policy Branch
Economic
and Fiscal Update: Balanced Books Despite Slower Growth
News
Release
November 3, 2003
"The Government is on track to keep its books
balanced or better despite the economic shocks that battered the Canadian economy
in 2003, John Manley, Deputy Prime Minister and Minister of Finance, said today
in his latest Economic and Fiscal Update."
Economic
and Fiscal Update 2003
- incl. links to Overview and Presentation
(both appear below) - Powerpoint slide presentation used by the Minister - Annexes
(1. Canadian Economic and Fiscal Progress: The Last Ten Years. 2. Canadas
Recent Economic Developments and Outlook. 3. Private Sector Five-Year Economic
and Fiscal Projections.) - News Release
Overview
HTML version
PDF version
- 516K, 8 pages
Minister's Speech
HTML version
PDF
version - 309K, 100 pages --- includes all three annexes
noted above
International
Monetary Fund Praises Canadian Economic and Fiscal Policies
News
Release
March 10, 2004
"Minister of Finance Ralph Goodale welcomed
the International Monetary Funds (IMFs) strong endorsement of Canadas
economic, fiscal and monetary policies, contained in its most recent report released
today."
Minister
of Finance Tables Notice of Ways and Means Motion in Respect of the 100-Per-Cent
GST Rebate for Municipalities
News Release
March 9, 2004
"Municipalitieslarge
and smallneed stable, reliable and predictable funding to deliver a better
quality of life for all Canadians," said Minister Goodale. "As announced
in the Speech from the Throne on February 2, 2004, the full rebate will provide
municipalities with an additional benefit of roughly $7 billion over the next
10 years, including $580 million in the first year alone."
Minister
Introduces An Act Respecting Equalization and
Authorizing the Minister of
Finance to Make Certain Payments Related to Health
News Release
February
12, 2004
"Minister of Finance Ralph Goodale introduced legislation in
the House of Commons today to protect the continuity of payments to Canadas
Equalization-receiving provinces and to allow for the payment of $2 billion to
the provinces and territories for health care from 200304 revenues, as announced
at the January meeting of first ministers."
Speech
by the Honourable Ralph Goodale, Minister of Finance, to the Toronto Board of
Trade
January 27, 2004
Toronto, Ontario
"(...) There
may have been a time when business could concern itself solely with managing its
own affairs. But no longer. Todays reality requires businesses to be engaged
in the public life of this country not only on taxes and regulations, but also
with respect to the social issues and the international considerations which are
inextricably connected."
Government
Takes Action to Control Spending (includes
a detailed backgrounder)
December
16, 2003
- freeze on major capital projects
- freeze on reclassifications
-
freeze on the size of the public service
- review of all Government of Canada
spending by the Cabinet's Expenditure Review Committee.
Sources:
Department
of Finance Canada
Treasury
Board of Canada Secretariat
Related Link:
Investing
in Canada's Health Care System (from the 2003
Federal Budget)
[Excerpt]
"Effective April 1, 2004, the federal
government will create two new transfers:
A Canada Health Transfer in support
of health.
A Canada Social Transfer in support of post-secondary education,
social assistance and social services, including early childhood development.
The existing CHST (cash and tax transfer) will be apportioned between the
Canada Health Transfer and Canada Social Transfer. The percentage of cash and
tax points apportioned to the Canada Health Transfer will reflect the percentage
of health spending within overall provincial spending in the health and social
sectors supported by federal transfers. The remaining cash and tax points will
be allocated to the Canada Social Transfer in support of post-secondary education,
social assistance and social services, including early childhood development.
Current
estimates are that health represents 62 per cent of programs supported by federal
transfers, while the proportion related to post-secondary education and social
assistance is 38 per cent. The precise apportionment will be determined when legislation
is tabled." (Emphasis added)
Department
of Finance Releases Tax Expenditure Report
News
Release
September 11, 2003
Tax Expenditures and Evaluations 2003
"The
Department of Finance released today its annual tax expenditure report, entitled
Tax Expenditures and Evaluations2003. The report provides estimates and
projections of all federal tax expenditures. Tax expenditures, such as credits
and deductions, are designed to meet economic, social and other goals of the government
generally by reducing the amount of federal tax otherwise payable by individuals
and businesses.
Projections in this years report have been adjusted to
account for recent tax changes, such as:
- increases to the National Child
Benefit supplement;
- the introduction of the Child Disability Benefit; and
- increases to registered pension plan (RPP) and registered retirement savings
plan (RRSP) limits."
Complete
report - [HTML] table of contents, incl. links to individual sections of the
report
Employment
Insurance Premium Rate-Setting Mechanism
Public Consultation
Feb-Jun/03
Source:
Consulting with Canadians
- "Good planning starts with listening."
[Finance
Canada]
Federal-Provincial
Review of The Canada Pension Plan
News Release
January 9, 2003
"The
Canada Pension Plan (CPP) is financially sound and is on track to provide retirement
pensions in the future, federal and provincial ministers of finance announced
today following the conclusion of their financial review of the CPP."
Backgrounder
Minister
of Finance to Consult on Disability Tax Credit Proposals
News Release
November
29, 2002
"...proposals to amend the Income Tax Act released on August
30, 2002 regarding the disability tax credit (DTC) are no longer under consideration
and new consultations are being launched to develop revised proposals. (...) Minister
Manley said that the purpose of the review is not reduce the Governments
support for persons with disabilities, but rather to ensure that support continues
to be provided to those most in need. The DTC recognizes that people with a severe
and prolonged impairment incur disability-related expenses that reduce their ability
to pay tax. The credit reduces an individuals federal income tax by up to
almost $1,000 a year. In total, the DTC provides $400 million a year in federal
tax assistance to about 450,000 eligible Canadians.
Written submissions
will be accepted until January 17, 2003."
Source : Finance
Canada
Related Links:
Links
to 86 Departmental/Agency Performance Reports on one page
Previous
Departmental Performance Reports (back to 1996)
Result-Based
Management
Tax
Expenditures and Evaluations 2002 (October 25, 2002)
"...provides
estimates and projections for broadly defined tax expenditures as well as evaluations
and descriptive papers addressing specific tax measures. This
years edition includes two papers, 'The Impact of the Canada Child Tax
Benefit on the Incomes of Families With Children'*
and 'Special Federal Tax Assistance for Charitable Donations of Publicly Traded
Securities,'which provide additional information on these two tax measures."
-
incl. links to : Estimates and Projections of Tax Expenditures - Whats New
in the 2002 Report - Description of New Tax Expenditures - The Tax Expenditures
(Personal and Corporate Income Tax Expenditures, GST Tax Expenditures).
- the
above link takes you to the table of contents with links to the whole report in
HTML and PDF formats
The
Impact of the Canada Child Tax Benefit on the Incomes of Families With Children
October
2002
Fifteen-page study of the CCTB and its effect on family incomes in 1996,
1999 and 2004 - a number-cruncher's delight...
News
Release - October 25, 2002
"(...) The report provides estimates
and projections of the revenue consequences of all tax expenditures. Tax expenditures,
which take the form of exemptions, deductions, rate reductions, rebates, deferrals,
credits and carry-overs, reduce federal tax payable and provide benefits to individuals
and businesses on the basis of economic, social or other tax policy objectives.
(...) Since this years projections extend to 2004, the calculations account
for the full effect of the general corporate tax rate reduction that was legislated
in June 2001 as part of the governments five-year $100-billion tax reduction
plan. This plan provides for a reduction in the corporate rate from 28 per cent
to 21 per cent in 2004."
*Annual
Financial Report of the Government of Canada : Fiscal Year 2001-2002
October
2002
"A budgetary surplus of $8.9 billion was recorded in 2001-02.
This marks the fifth consecutive year in which the federal government has recorded
a surplus the last time this occurred was in the period up to 1951-52."
*Fiscal
Reference Tables
October 2002
"The
Fiscal Reference Tables provide annual data on the financial position of the federal
and provincial governments."
*These
two reports will no doubt interest social policy number-crunchers everywhere.
The second report includes an extensive longitudinal study of government expenditures,
some going as far back as 1961, right up to 2002.
For example...
Major
transfers to other levels of government (Table 11) shows the evolution,
from 1961-62 to 2001-02, of federal transfers to provincial and territorial governments
for the following categories of programs : Canada Health and Social Transfer -
Fiscal transfers - Insurance and medical care - Education support - Canada Assistance
Plan* - Medical Equipment Fund - Alternative Payments for Standing Programs.
FOOD
FOR THOUGHT:
According to the figures in Table 11, total annual major transfers
for health, post-secondary education and social assistance and services from the
federal government to provincial/territorial governments appear to be just $300
million less in 2001-02 than they were at their peak in 1993-94 ($26.6B v. $26.9B).
Does this mean we'll hear the end of the provincial/territorial Premiers' calls
for "a return to pre-CHST funding levels by the federal government"?
------
*[Table
11 even includes amounts paid by Ottawa to the provinces and territories prior
to CAP (1966-67) for categorical allowances for blindness, disability and unemployment,
as well as final settlements paid to each province and territory between 1996
and 2000 as CAP was settling accounts with each jurisdiction]
Canada's
Banks
Updated August 2002
"As of July 2002 the banking
industry included 14 domestic banks, 33 foreign bank subsidiaries and 20 foreign
bank branches operating in Canada. In total, these institutions managed over $1.7
trillion in assets."
...and other interesting tidbits.
Response
to Conference Board of Canada Report on Vertical Fiscal Imbalance
August 20, 2002
Source : Department
of Finance Canada
"The provincial and territorial Ministers of
Finance commissioned the Conference Board of Canada to produce 20-year fiscal
projections for the federal government and the aggregate of the provinces and
territories. The resulting report shows large and growing federal surpluses over
the next two decades while the provincial-territorial sector records small deficits.
The report thus concludes that a vertical fiscal imbalance exists in Canada. (...)
Interestingly, the new reports methodology and results are inconsistent
with a previous Conference Board report - published in October 2001 - that projected
that the provinces would record surpluses over the next 20 years under reasonable
assumptions."
Related Links:
Fiscal
Prospects for the Federal and Provincial-Territorial Governments (July
2002, PDF file - 299K, 57 pages)
The
Future Cost of Health Care in Canada, 2000 to 2020
- Balancing Affordability and Sustainability
(October 2001,
PDF file - 562K, 84 pages)
Source : Conference
Board of Canada
Related Link: A
New Study by the Conference Board Confirms the Existence of an important Fiscal
Imbalance in Canada |
Canada
Pledges $30 Million to Governance Centre
News Release
July 23,
2002
"John Manley, Deputy Prime Minister and Minister of Finance, and
Karen Redman, MP for Kitchener Centre, announced today that the Government of
Canada will provide a $30-million grant to help fund the creation of a world-class
research centre on international governance in Waterloo, Ontario. The
Centre for International Governance Innovation (CIGI) will research issues concerning
the stability and security of the international economic and financial system.
The grant will match the $30-million contribution to be made by the Centres
founder, Jim Balsillie, Chairman and Co-CEO of Research In Motion Limited."
Statement
by the Honourable John Manley, Deputy Prime Minister and Minister of Finance,
to the House of Commons Standing Committee on Finance
June 19, 2002
-
incl. commentary on economic and fiscal performance, the "reasons why"
and the challenges ahead
April 26, 2002
Report
on Operations Under the Bretton Woods and Related Agreements Act - 2001
"Annual general summary detailing operations that directly affect
Canada"
Report
on Operations Under the European Bank for Reconstruction and Development Agreement
Act - 2001
"Annual general summary of all actions, including
their human rights aspects and sustainable development aspects, taken under the
authority of the Act"
2002-03
Estimates : Report on Plans and Priorities
March 21, 2002
Summary of departmental key plans, priorities and strategies
International
Monetary Fund Praises Canadas Economic and Fiscal Policies
News Release
December 19, 2001
Canada remains in a good position to
weather the current economic slowdown despite the fallout from the September 11
terrorist attacks in the United States, the International Monetary Fund (IMF)
stated in a report released today.
- includes the full text of the Statement
of the IMF Mission (December 7, 2001)
Tax
Expenditures and Evaluations: 2001
July
31, 2001
Report
on Operations under the Bretton Woods and Related Agreements Act - 2000
Prepared by:
International Trade
and Finance Branch
Finance Canada
March
2001
-Links to information about : International
Monetary Fund - Overview - Benefits of Membership - Canada's Priorities at
the IMF - Efforts to Promote International Financial Stability - Poverty Reduction
and Debt Relief - Lending Developments in 2000 - Managing Canada's Interests at
the IMF - Canada's Office at the IMF - Canada's Financial Participation - Challenges
Ahead. World Bank - Overview -World Development Report 2000-2001 - Supporting
Country-Led Development and Poverty Reduction Strategies - Global Public Goods
- Consultation and Information Disclosure - Improving Co-ordination With Other
Agencies - Other World Bank Operations in FY 2000 - International Development
Association - IDA Priorities - Canada’s Priorities at the World Bank - Managing
Canada’s Interests at the World Bank - Canadian Procurement at the World Bank
- International Finance Corporation - Multilateral Investment Guarantee Agency
- Learning About Opportunities - Canada’s Financial Participation - Future Challenges.
Joint Issues - Overview - Strengthening Financial Sectors - Multilateral
Debt Relief - World Bank and IMF Participation in the United Nations Financing
for Development Conference. Don't miss the six annexes...
Federal
Tax Cuts Take Effect in January 2001*
Finance
Canada
December 14, 2000
All
Canadians will receive a tax cut effective January 1, 2001, Finance Minister Paul
Martin stated today. The new round of tax cuts is part of the Government’s $100-billion
Five-year Tax Reduction Plan – the largest tax relief package in Canada’s history.
*January
2001 Tax Savings website (December 15/00)
Here,
you can calculate your family's tax savings using the tax savings calculator.
Includes links to the following : Tax Savings for Individuals and Families - Permanent
Inflation Protection - Timely Relief for Heating Expenses - Education Tax Credit
- Helping Canadians With Special Needs - Canada Child Tax Benefit.
Economic
Statement and Budget Update
October 18, 2000
Finance Canada
The Government's
Four-Part Plan : A Strong Economy - Sound Financial Management - Paying Down the
Debt - Investing in Canada's Social Fabric.
Reducing
Taxes for Canadians.
Tax Relief to Encourage
Entrepreneurship, Jobs and Growth.
Strengthening
Education, Research and Innovation.
Investing
in a Clean Environment.
News
Release
Economic
Statement and Update (short)
Overview
- more detailed information on the Economic Statement
Tax
Calculator
Federal
Government Moves to Implement its $23.4-Billion Commitment for Health and Social
Funding
Press Release
Finance
Canada
October 4, 2000
The
$23.4-billion funding commitment will be provided as follows:
- An additional $21.1 billion over five years through increased
funding for the Canada Health and Social Transfer (CHST) for health, post-secondary
education and social assistance and services. Of this increase, $2.2 billion is
provided to support early childhood development.
Government Budgets - Links to the most recent budget in each Canadian jurisdiction
Transfers
and Ontario - Frequently Asked Questions
April
4, 2000
Federal
Support for Health in Canada
March 29, 2000
Incl.- The federal role in health today - History of federal
transfers for health - Recent federal investments in health - Why the 11 cents
is wrong…
See also Page 2 - Agriculture and Agri-Food to Finance: http://www.canadiansocialresearch.net/fedbkmrk2.htm
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