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Canadian Federal Budget
In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending and expected government revenue, and to forecast economic conditions for the upcoming year. They are usually released in February or March, before the start of the fiscal year. All the Canadian provinces also present budgets. Since provincial finances depend on funds from the federal government, they are usually released after the federal budget. Budget process The budget is announced in the House of Commons by the Minister of Finance, who traditionally wears new shoes while doing so. The Budget is then voted on by the House of Commons. Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in 1980. The governing party strictly enforces party discipline, usually expelling from the party caucus any government Member of Parliament (MP) who votes against the budget. Oppo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Martin
Paul Edgar Philippe Martin (born August 28, 1938), also known as Paul Martin Jr., is a Canadian lawyer and politician who served as the 21st prime minister of Canada and the leader of the Liberal Party of Canada from 2003 to 2006. The son of former secretary of state for external affairs Paul Martin Sr., Martin was a lawyer from Ontario before he became president and the chief executive officer of Canada Steamship Lines in 1973. He held that position until his election as a member of Parliament for the Montreal riding of LaSalle—Émard in 1988. Martin unsuccessfully ran for leader of the Liberal Party in 1990, losing to Jean Chrétien. Martin would become Chrétien's longtime rival for the leadership of the party, though was appointed his minister of finance after the Liberal victory in the 1993 federal election. Martin oversaw many changes in the financial structure of the Canadian government, and his policies had a direct effect on eliminating the country's chronic fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
26th Canadian Ministry
The Twenty-Sixth Canadian Ministry was the combined cabinet, chaired by Prime Minister Jean Chrétien, and the contemporary secretaries of state. It governed Canada from 4 November 1993 to 12 December 2003, including the 35th Canadian Parliament, the 36th, and the first half of the 37th. The government was formed by the Liberal Party of Canada. One particular fact of this ministry is the creation of Secretaries of State out of the Cabinet, but still in the ministry. Ministries and Cabinet members *Prime Minister **4 November 1993 – 12 December 2003: Jean Chrétien * Deputy Prime Minister of Canada **4 November 1993 – 30 April 1996: Sheila Copps **1 May 1996 – 18 June 1996: Vacant **19 June 1996 – 10 June 1997: Sheila Copps **11 June 1997 – 14 January 2002: Herb Gray **15 January 2002 – 12 December 2003: John Manley *Minister of Agriculture **4 November 1993 – 11 January 1995: Ralph Goodale **Became Minister of Agriculture and Agri-Food. *Minister of Agriculture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Canadian Federal Budget
The Canadian federal budget ''’''for fiscal year 1994-1995 was presented by Minister of Finance Paul Martin in the House of Commons of Canada on 22 February 1994. It was the first federal budget under the premiership of Jean Chrétien. Background The budget is tabled only a few months after the 1993 Canadian federal election in which the Liberal Party led by Jean Chrétien received a large majority of the seats in the House of Commons. Paul Martin, Chrétien's main rival in the 1990 Liberal Party leadership election was appointed Minister of Finance. Taxes Expenditures Transfers to provinces The budget announced the freezing of Canada Assistance Plan (CAP) payments to their 1994-95 levels after March 31, 1995. Unlike the 1990 restrictions, all provinces (including those receiving equalization payments) are affected by the cap. The Reform Party (then the third party by number of seats in the House) supported reductions to the CAP while criticizing that the cutbacks are no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1993 Canadian Federal Budget
The 1993 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 26 April 1993. It was the fifth budget after the 1988 Canadian federal election and would be the last before the 1993 Canadian federal election. Background The budget is presented amid poor economic conditions and soaring federal deficit. Two month earlier, Brian Mulroney had announced his intention to resign as soon as a new Progressive Conservative leader is elected. On 18 June 1992 the ''Spending Control Act'' received royal assent. That act provided for a legislated ceiling for federal program spending from 1991–1992 to 1995–1996. Few programs were excluded from the scope of the Act (notably Unemployment insurance). It is a complement to the Expenditure Control Plan announced in the 1990 budget and extended in 1991. December 1992 Economic Statement On 2 December 1992 Minister of Finance Don Maza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Don Mazankowski
Donald Frank Mazankowski (July 27, 1935 – October 27, 2020) was a Canadian politician who served as a cabinet minister under prime ministers Joe Clark and Brian Mulroney, including as deputy prime minister under Mulroney. After retiring from politics in 1993, Mazankowski was a consultant with the law firm of Gowling Lafleur Henderson LLP. He also served as a director or trustee for several companies, including Weyerhaeuser Co., ATCO Ltd., Shaw Communications Inc., and Power Corporation of Canada. Early life Mazankowski was born in Viking, Alberta, on July 27, 1935. His parents, Frank and Dora (Lonowski), were of Polish descent and came to Canada from the United States in 1921. Mazankowski moved to Chicago after completing high school and was employed as a dispatcher in a trucking business. He later returned to Alberta and started his own gas station in Innisfree. Together with his brother Ray, he opened a car dealership on the outskirts of Vegreville. Mazankowski's first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990 Canadian Federal Budget
The Canadian federal budget for fiscal year 1990–1991 was presented to the House of Commons of Canada by finance minister Michael Wilson on 20 February 1990. It was the second budget after the 1988 Canadian federal election. Taxes The 1990 budget did not introduce a major tax change, as income taxes were reformed in prior years and the Goods and Service tax was scheduled for implementation on January 1, 1991. Although not part of the 1990 budget, three major tax changes are implemented as of January 1, 1991: * The individual surtax on high-income is increased to 5% of federal taxes in excess of $12,500 (instead of 3% of taxes owed over $15,000); * The ''Large Corporation Tax'' introduced in April 1989 is increased to 0.2% of taxable capital over $10 million (instead of 0.175%); * A new ''Refundable Goods and Services Tax Credit'' of $190 per adult replaces the ''Refundable Sales Tax Credit''. Expenditures Expenditure Control Plan The 1990 budget sets out a control plan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1989 Canadian Federal Budget
The Canadian federal budget for fiscal year 1989–1990 was presented to the House of Commons of Canada by finance minister Michael Wilson on 27 April 1989. It was the first budget after the 1988 Canadian federal election. The budget set the stage for a plan to eliminate the deficit within three years. It would do so through spending cuts and raising taxes. Background In the November 1988 election campaign, the issue of the debt and the deficit was seldom raised. However, in February 1989, International Moneratary Fund had publicly warned the Canadian government that its Canadian national debt had gone out of control, and that radical measures were needed to curb the deficit. At the time, it totaled 320 Billion dollars, and was the highest among all industrialized countries except Italy. In the months prior to the presentation of the budget, the government often bought up the subject of the debt and the deficit in public appearances, making the case that it was putting th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brian Mulroney
Martin Brian Mulroney ( ; born March 20, 1939) is a Canadian lawyer, businessman, and politician who served as the 18th prime minister of Canada from 1984 to 1993. Born in the eastern Quebec city of Baie-Comeau, Mulroney studied political science and law. He then moved to Montreal and gained prominence as a labour lawyer. After placing third in the 1976 Progressive Conservative leadership election, he was appointed president of the Iron Ore Company of Canada in 1977. He held that post until 1983, when he successfully became leader of the Progressive Conservatives. He then led the party to a landslide victory in the 1984 federal election, winning the second-largest percentage of seats in Canadian history (at 74.8 percent) and receiving over 50 percent of the popular vote. Mulroney later won a second majority government in 1988. Mulroney's tenure as prime minister was marked by the introduction of major economic reforms, such as the Canada–United States Free Trade Agreem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
24th Canadian Ministry
The Twenty-Fourth Canadian Ministry was the cabinet chaired by Prime Minister Brian Mulroney. It governed Canada from 17 September 1984 to 25 June 1993, including the 33rd Canadian Parliament and most of the 34th. The government was formed by the Progressive Conservative Party of Canada. Ministers References * Succession {{DEFAULTSORT:Canadian Ministry 24 24 Ministries of Elizabeth II Ministry Ministry may refer to: Government * Ministry (collective executive), the complete body of government ministers under the leadership of a prime minister * Ministry (government department), a department of a government Religion * Christian ... 1984 establishments in Canada 1993 disestablishments in Canada Cabinets established in 1984 Cabinets disestablished in 1993 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
