1992 Canadian Federal Budget
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1992 Canadian Federal Budget
The 1992 Canadian budget was a Canadian federal budget for the Government of Canada presented by Minister of Finance Don Mazankowski in the House of Commons of Canada on 25 February 1992. It was the fourth budget after the 1988 Canadian federal election. It is the first budget presented by Don Mazankowski. Background The budget is presented amid poor economic conditions and soaring federal deficit. Taxes The 1992 budget introduced significant changes to both personal and corporate income tax systems. Personal income taxes * Reduction in the personal surtax rate: the general personal surtax rate is lowered by 1 percentage point (to 4%) on 1 July 1992 and another (to 3%) on 1 January 1993.Effective surtax rate is 4.5% for fiscal year 1992. * Introduction of the Home buyers' plan (HBP): the budget created the HBP to allow individuals to withdraw up to $20,000 from their RRSPs to finance the purchase of a principal residence, repayable over 15 years.The measure was initiall ...
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34th Canadian Parliament
The 34th Canadian Parliament was in session from December 12, 1988, until September 8, 1993. The membership was set by the 1988 federal election on November 21, 1988, and it changed only somewhat due to resignations and by-elections until it was dissolved prior to the 1993 election. It was controlled by a Progressive Conservative Party majority, led first by Prime Minister Brian Mulroney and the 24th Canadian Ministry, and then Prime Minister Kim Campbell and the 25th Canadian Ministry. The official opposition was the Liberal Party, led first by John Turner, and after 1990, by Jean Chrétien. The speaker of the House of Commons was John Allen Fraser. See also list of Canadian electoral districts 1987-1997 for a list of the ridings in this parliament. There were three sessions of the 34th Parliament: Party standings The party standings as of the election and as of dissolution were as follows: * After dissolution but before turning over power to Kim Campbell, Brian ...
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1991 Canadian Federal Budget
The Canadian federal budget for fiscal year 1991-1992 was presented by Minister of Finance Michael Wilson in the House of Commons of Canada on 26 February 1991. Taxes Expenditures The budget announces that the Expenditure Control Plan unveiled in the previous budget is extended: * The 5 %-growth ceiling for CAP payments to Ontario, Alberta and BC is extended for 3 additional years; * EPF per-capital entitlements are frozen until 1994-95; * Several programs are frozen ( PUITTA, Telefilm Canada, loans financing by EDC); * Previously-announced projects are cancelled (contribution to the Toronto Ballet Opera House) or delayed (contribution to new concert halls in Edmonton and Montreal, cultural research institute in Montreal); * Expenditures for the Green Plan are spread over 6 years instead of 5. Legislative history Provisions pertaining to federal transfers to provinces ( EPF and PUITTA) and Unemployment Insurance Unemployment benefits, also called unemployment insuranc ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Canadian Dollar
The Canadian dollar ( symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style guides for distinction from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. Histo ...
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Lucien Bouchard
Lucien Bouchard (; born December 22, 1938) is a Canadian lawyer, diplomat and retired politician. Minister for two years in the Mulroney cabinet, Bouchard then led the emerging Bloc Québécois and became Leader of the Opposition in the House of Commons of Canada from 1993 to 1996. He became a central figure for the "Yes" side in the 1995 Quebec referendum, alongside Jacques Parizeau, whom he succeeded to serve as the 27th premier of Quebec from January 29, 1996, to March 8, 2001. Early life Bouchard was born in Saint-Cœur-de-Marie, Québec, the son of Alice (née Simard) and Philippe Bouchard. His brother is the historian Gérard Bouchard. He practised law in Chicoutimi until 1985, while being given many charges as a public servant over the years: president of the arbitration committee for the education sector (1970 to 1976), prosecutor in chief for the commission for labour and industry (Cliche commission, 1974–75), and co-president of the study commission on the publi ...
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Bloc Québécois
The Bloc Québécois (BQ; , "Québécois people, Quebecer Voting bloc, Bloc") is a list of federal political parties in Canada, federal political party in Canada devoted to Quebec nationalism and the promotion of Quebec sovereignty movement, Quebec sovereignty. The Bloc was formed by Member of Parliament (Canada), Members of Parliament (MPs) who defected from the federal Progressive Conservative Party of Canada, Progressive Conservative Party and Liberal Party of Canada, Liberal Party during the collapse of the Meech Lake Accord. Founder Lucien Bouchard was a cabinet minister in the federal Progressive Conservative government of Brian Mulroney. The Bloc seeks to create the conditions necessary for the political secession of Quebec from Canada and campaigns actively only within the province during federal elections. The party has been described as social democratic and separatist (or "sovereigntist"). The Bloc supports the Canada and the Kyoto Protocol, Kyoto Protocol, Abortion in ...
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Audrey McLaughlin
Audrey Marlene McLaughlin (née Brown; born November 8, 1936) is a Canadian politician and former leader of the New Democratic Party from 1989 to 1995. She was the first female leader of a political party with representation in the House of Commons of Canada, as well as the first federal political party leader to represent an electoral district in a Canadian territory. Life and career McLaughlin was born Audrey Marlene Brown in Dutton, Ontario, the daughter of Margaret Clark and William Brown, of Scottish and English descent. She worked as a social worker in Toronto, Ontario, and in Ghana. In 1955, she graduated with a Diploma in Home Science from the MacDonald Institute, later a founding college of the University of Guelph. In 1979, McLaughlin moved to Yukon and set up a consultancy business. In 1987, she ran in a by-election and won, the first federal NDP candidate to win in Yukon. In 1988, she was appointed caucus chair, and in 1989, she won the NDP 1989 leadership convent ...
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New Democratic Party
The New Democratic Party (NDP; french: Nouveau Parti démocratique, NPD) is a federal political party in Canada. Widely described as social democratic,The party is widely described as social democratic: * * * * * * * * * * * * the party occupies the left, to centre-left on the political spectrum, sitting to the left of the Liberal Party. The party was founded in 1961 by the Co-operative Commonwealth Federation (CCF) and the Canadian Labour Congress (CLC). The federal and provincial (or territorial) level NDPs are more integrated than other political parties in Canada, and have shared membership (except for the New Democratic Party of Quebec). The NDP has never won the largest share of seats at the federal level and thus has never formed government. From 2011 to 2015, it formed the Official Opposition, but apart from that, it has been the third or fourth-largest party in the House of Commons. However, the party has held considerable influence during periods o ...
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Jean Chrétien
Joseph Jacques Jean Chrétien (; born January 11, 1934) is a Canadian lawyer and politician who served as the 20th prime minister of Canada from 1993 to 2003. Born and raised in Shawinigan Falls, Quebec, Chrétien is a law graduate from Université Laval. A Liberal, he was first elected to the House of Commons in 1963. He served in various cabinet posts under Prime Minister Pierre Trudeau, most prominently as minister of Indian affairs and northern development, president of the Treasury Board, minister of finance, and minister of justice. He ran unsuccessfully for the leadership of the Liberal Party in 1984, losing to John Turner. Chrétien served as the second deputy prime minister of Canada in Turner's short-lived government which would be defeated in the 1984 federal election. After Turner led the Liberals to their second defeat at the polls in 1988, Chrétien became leader of the Liberals and leader of the Opposition in 1990, returning to politics after briefly worki ...
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Leader Of The Official Opposition (Canada)
The leader of the Official Opposition (french: chef de l'Opposition officielle), formally known as the leader of Majesty's Loyal Opposition (french: chef de la loyale opposition de Sa Majesté, links=no), is the politician who leads the Official Opposition (Canada), Official Opposition in Canada, typically the leader of the party possessing the most seats in the House of Commons of Canada, House of Commons that is not the governing party or part of the governing coalition. Pierre Poilievre has been the leader of the Opposition since September 10, 2022, when he was elected as the Conservative leader following the 2022 Conservative Party of Canada leadership election, 2022 leadership election. He succeeded Candice Bergen (politician), Candice Bergen, who had served as her party's interim leader (Canada), interim leader from February 2, 2022. Though the leader of the Opposition must be a member of the House of Commons, the office should not be confused with Opposition House Lead ...
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Liberal Party Of Canada
The Liberal Party of Canada (french: Parti libéral du Canada, region=CA) is a federal political party in Canada. The party espouses the principles of liberalism,McCall, Christina; Stephen Clarkson"Liberal Party". ''The Canadian Encyclopedia''. and generally sits at the centre to centre-left of the Canadian political spectrum, with their rival, the Conservative Party, positioned to their right and the New Democratic Party, who at times aligned itself with the Liberals during minority governments, positioned to their left. The party is described as "big tent",PDF copy
at UBC Press.
practising "brokerage politics", attracting support from a broad spectrum of voters. The Liberal Party is the longest-serving and oldest active federal political party in the country, and has dominated federal

Les Affaires
''Les Affaires'' is a French-language monthly newspaper publishing 14 issues per year. Founded in 1928, it is now owned by the Contex Group since 2019. Its headquarters is in Montreal. It is directed by Pierre Marcoux (President, Contex Group) and Marine Thomas (Chief editor). ''Les Affaires'' is aimed at those who do or are interested in Quebec business through business journalism, original platforms to facilitate business development, and content relating to business management and personal finance. The content features and relevant articles on management, business strategy and entrepreneurship. The newspaper aims to look beyond the facts in examining issues of topical interest. The intended audience is business people and individuals age 30 to 55. ''Les Affaires'' is available in print and digital editions through its App. The content of the newspaper as well as additional material is available online alesaffaires.com which is designed for compatibility with multiple platform ...
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