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Established Programs Financing
The Established Programs Financing (EPF) (french: Financement des programmes établis) was a financing program created by the Trudeau government in 1977, to finance the provincially-run healthcare and high-education system, through transfer payments, by cash and tax points. The 1995 Canadian federal budget announced that both the Established Programs Financing and the Canada Assistance Plan would be combined into a new block-fund fiscal arrangement called the Canada Health and Social Transfer starting in 1996–97 fiscal year. History The first agreement on Established Programs Financing was reached in 1977 and set to expired in 1987. It stipulated that increases in the program were tied to the growth in the national economy. The agreement was legislated through the ''Federal-Provincial Fiscal Arrangements and Established Programs Financing Act, 1977''This Act was renamed ''Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contribution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financing
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include Credit (finance), credit, venture capital, donations, Grant (money), grants, savings, Subsidy, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be Asset allocation, allocated for either shor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Gazette
The ''Canada Gazette'' (french: Gazette du Canada) is the official government gazette of the Government of Canada. It was first published on October 2, 1841. While it originally published all acts of the Parliament of Canada, it later also published treaties, hearing and tribunals, proclamations and regulations, and various other official notices as required. At one time it contained information on bankruptcies. It has been administered by Public Works and Government Services Canada and the King's Printer for Canada since 1841. The ''Gazette'' is most often read to find new acts, regulations and proclamations. Legal status While not always widely read by the public, publication in the ''Gazette'' is considered official notice to all Canadians. After a regulation has been approved by the Privy Council Office and then the Cabinet of Canada, the regulation is published in the ''Gazette''. If a regulation has not been published in the ''Gazette'', a person cannot be convicted of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1977 In Canada
Events from the year 1977 in Canada. Incumbents Crown * List of Canadian monarchs, Monarch – Elizabeth II Federal government * Governor General of Canada, Governor General – Jules Léger * Prime Minister of Canada, Prime Minister – Pierre Trudeau * Chief Justice of Canada, Chief Justice – Bora Laskin (Ontario) * Parliament of Canada, Parliament – 30th Canadian Parliament, 30th Provincial governments Lieutenant governors *Lieutenant Governor of Alberta – Ralph Steinhauer *Lieutenant Governor of British Columbia – Walter Stewart Owen *Lieutenant Governor of Manitoba – Francis Lawrence Jobin *Lieutenant Governor of New Brunswick – Hédard Robichaud *Lieutenant Governor of Newfoundland – Gordon Arnaud Winter *Lieutenant Governor of Nova Scotia – Clarence Gosse *Lieutenant Governor of Ontario – Pauline Mills McGibbon *Lieutenant Governor of Prince Edward Island – Gordon Lockhart Bennett *Lieutenant Governor of Quebec – Hugues Lapointe *L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Territorial Formula Financing
Territorial Formula Financing (TFF) is an annual unconditional transfer payment from Canada's federal government to the three territorial governments of Yukon, the Northwest Territories, and Nunavut to support the provision of public services. A significant portion of the financial resources of the territorial governments comes from the Canadian federal government through the TFF grant. For instance, during the 2005–06 fiscal year, TFF was approximately 61 per cent of Yukon's, 66 per cent of the Northwest Territories' and 81 per cent of Nunavut's total financial resources. In the 2023-24 fiscal year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ..., Yukon will receive $1.252 billion ($28,208 per capita), the Northwest Territories $1,611 billion ($37,073 per capita) and Nunavu ... [...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] |
Escalation Clause
An escalation clause is a clause in a lease or contract that allows for a change in the agreed-upon price in response to a specific factor that is outside of the control of either party. This type of clause is used to protect against potential changes in the value of the goods or services being exchanged, such as in cases of inflation or other market fluctuations. Escalation clauses are common in construction contract A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors. The owner, often ...s. The clause may specify that the agreed-upon price for the project will be adjusted to reflect changes in the cost of raw materials, fuel, and labor during the course of the construction. Escalation clauses may also be used in other types of contracts, such as leases for commercial or residential properties. In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Wilson (Canadian Politician)
Michael Holcombe Wilson (November 4, 1937 – February 10, 2019) was a Canadian businessman, politician and diplomat who served as minister of finance from 1984 to 1991 and minister of international trade from 1991 to 1993 under Prime Minister Brian Mulroney. Wilson was a Bay Street investment executive when he was elected to the House of Commons in 1979. He then unsuccessfully ran for the leadership of the Progressive Conservative Party in 1983 before being appointed to Prime Minister Mulroney's cabinet. As a cabinet minister, Wilson introduced the Goods and Services Tax (GST) and helped negotiate the Canada–United States Free Trade Agreement and the North American Free Trade Agreement. Wilson retired from politics in 1993 and returned back to Bay Street, heading his own consulting and financial services firm. Wilson served as the Chairman of Barclays Capital Canada Inc. from May 2010 until his death in February 2019. He was the Canadian Ambassador to the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1985 Canadian Federal Budget
The 1985 Canadian federal budget for fiscal year 1985-1986 was presented by Minister of Finance Michael Wilson in the House of Commons of Canada on 23 May 1985. This is the first federal budget under the premiership of Brian Mulroney, and generally increased taxes. Background The budget is the first presented in the 33rd Canadian Parliament, following the 1984 federal election during which the Progressive-Conservatives won a landslide majority. The previous fiscal year (1983-84) saw, at the time, the largest post-war deficit of the federal government at 37.16 billion. Taxes Personal income taxes The budget brought significant changes to income taxes, notably: * Introduced the Lifetime Capital Gains Exemption (LCGE) ** The budget provided for a $500,000 exemption lifetime exemption for capital gains to encourage investment and risk-taking. ** To account for the LCGE several other tax incentives were abolished or rolled back * A new tax credit of up to 20% is allowed for inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Health And Social Transfer
The Canada Health and Social Transfer (CHST) was a system of block transfer payments from the Canadian government to provincial governments to pay for health care, post-secondary education and welfare, in place from the 1996–97 fiscal year until the 2004–05 fiscal year. It was split into the Canada Health Transfer (CHT) and Canada Social Transfer (CST) effective April 1, 2004, to provide greater accountability and transparency for federal health funding. Background The CHST was announced in the 1995 Canadian federal budget as an amalgamation of two federal programs prior to 1996: * The Established Programs Financing program, which paid for health care and post-secondary education and was established in 1977 ; * And the Canada Assistance Plan, which supported social assistance and was established in 1966. Under the Constitution of Canada, health, education and social assistance are all areas of provincial responsibility and authority. The federal government does not directly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
20th Canadian Ministry
The Twentieth Canadian Ministry was the first cabinet chaired by Prime Minister Pierre Trudeau. It governed Canada from 20 April 1968 to 4 June 1979, including all of the 28th, 29th, and 30th Canadian Parliaments. The government was formed by the 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'' .... Trudeau was also Prime Minister in the Twenty-Second Canadian Ministry (1980–1984). Ministers References * Succession {{DEFAULTSORT:Canadian Ministry 20 20 Ministries of Elizabeth II 1968 establishments in Canada 1979 disestablishments in Canada Cabinets established in 1968 Cabinets disestablished in 1979 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
