Close X
Wednesday, November 27, 2024
ADVT 
National

Budget Day With One Thing Assured: Black Ink For The First Time In Seven Years

Darpan News Desk The Canadian Press, 21 Apr, 2015 12:27 PM
    OTTAWA — It's budget day in the national capital and with a federal vote due to arrive by — if not on — the fixed date of Oct. 19, it's also the unofficial launch of the 2015 campaign.
     
    Finance Minister Joe Oliver will deliver his first budget — the 11th since Stephen Harper's Conservatives came to office in 2006 — and the headline fact is already known.
     
    "Our government is committed to balanced budgets and the good news is that ... Canadians will see the minister of finance stand and deliver a balanced budget that will create jobs," Kevin Sorenson, Oliver's understudy at finance, told the House of Commons on Monday.
     
    The parliamentary budget office last week predicted the books were actually balanced in 2014-15, a number that should become clearer in today's budget but won't be finalized until all the accounting is done sometime next fall.
     
    Regardless, the election-year surplus is all that matters to a Conservative government seeking to extend its life into a second decade in power.
     
    The financial battle plan was kicked off last Oct. 30 when Prime Minister Stephen Harper rolled out a five-year, $27-billion package of improvements to family benefits and targeted tax cuts.
     
    Shortly after, the bottom dropped out of global oil prices, casting the Conservatives' rosy budgetary projections into peril.
     
    Still, every Canadian voter with a child under age 18 can expect a nice government cheque (retroactive to Jan. 1) this July as they contemplate an October visit to the polling booth.
     
    And after selling more than $3 billion worth of GM shares acquired during the 2009 financial crisis, the government appears supremely self-assured of remaining in the black in 2015-16
     
    "We're looking at zero growth," NDP critic Nathan Cullen groused Monday, adding it's time the Conservatives changed their budgetary playbook.
     
    "Are the Conservatives going to choose their own electoral fortunes over the economy?"
     
    Liberal Scott Brison joined Cullen in criticizing Conservative tax breaks the opposition parties say favour the wealthy at the expense of the broader taxpaying public.
     
    "They're focusing relentlessly on their base in a pre-election budget that will be full of goodies that will look fine in the store window, but will have a lot of buyer's remorse for Canadians," said Brison.
     
    The family tax package is the clear show-stopper, but the budget is likely to include many lesser measures aimed up shoring up perceived weaknesses and bolstering perceived Conservative strengths.
     
    Help for seniors is expected through changes to registered retirement income fund rules and a long-promised doubling of the $5,500 annual limit on tax-free savings accounts.
     
    There will be cash for the national security apparatus, a big government selling point in this season of domestic terror attacks and overseas military missions.
     
    Announcements linked to the upcoming country-wide celebrations for Canada's 150th birthday in 2017 are also expected as the Conservatives pound home the "Strong Proud Free" marketing tagline they've introduced to government ads.
     
    The Conservatives are also making permanent a program that provides loans to immigrants so they can cover the cost of upgrading their education and training to match Canadian standards, sources familiar with the budget's contents said.
     
    The project was launched in 2012 and last year, the government said more than 1,000 people had taken out the loans, worth up to $15,000.
     
    Sources, speaking on condition of anonymity because they were disclosing details in advance of the budget's release, also said it would include a significant extension to the compassionate leave granted to caregivers to look after seriously ill loved ones.
     
    There will likely be targeted infrastructure funding for major public transit projects, spending the government will promote as "green" to help cover a weak environmental policy flank while wooing those suburban commuters Calandra referenced.
     
    And there may be measures to bolster manufacturing, small businesses and skills training as the Conservatives attempt to buff their job creation credentials.
     
    Headlining it all will be the return to surplus, backstopped by proposed balanced budget legislation.

    MORE National ARTICLES

    Ship Responsible For Fuel Leak In Vancouver Harbour Will Soon Be Cleared To Move

    Ship Responsible For Fuel Leak In Vancouver Harbour Will Soon Be Cleared To Move
    VANCOUVER — A ship that leaked more than 2,700 litres of bunker fuel into the waters off Vancouver almost two weeks ago will soon be given the go-ahead to dock at Vancouver's port.

    Ship Responsible For Fuel Leak In Vancouver Harbour Will Soon Be Cleared To Move

    Landowner Group In Court To Challenge Province's Approval Of Site C Dam In B.C.

    Landowner Group In Court To Challenge Province's Approval Of Site C Dam In B.C.
    The Peace Valley Landowners Association has told B.C. Supreme Court that the province ignored a joint review panel's recommendations for the proposed megaproject.

    Landowner Group In Court To Challenge Province's Approval Of Site C Dam In B.C.

    Thieves Drill Through Concrete To Access Up To $100,000 In Computers In Kamloops Store

    Thieves Drill Through Concrete To Access Up To $100,000 In Computers In Kamloops Store
    KAMLOOPS, B.C. — Police in are investigating a heist at a computer store in Kamloops, B.C., that could have been scripted straight from a Hollywood movie.

    Thieves Drill Through Concrete To Access Up To $100,000 In Computers In Kamloops Store

    Four Members Of Royal Navy Due In Nova Scotia Court Facing Sex Charges

    Four Members Of Royal Navy Due In Nova Scotia Court Facing Sex Charges
    The Crown says the men are alleged to have participated in a "group sexual assault'' in a barracks at  Canadian Forces base Shearwater on April 10.

    Four Members Of Royal Navy Due In Nova Scotia Court Facing Sex Charges

    Kingston, Ontario, Girl Receives Liver Transplant Two Months After Twin

    Kingston, Ontario, Girl Receives Liver Transplant Two Months After Twin
    TORONTO — A three-year-old girl from Kingston, Ont., has received a liver transplant two months after her twin sister underwent the same surgery to combat a potentially fatal genetic disorder.

    Kingston, Ontario, Girl Receives Liver Transplant Two Months After Twin

    2 Montreal Teens Charged Over Suspected Terrorist Activities Now Face Four Charges

    2 Montreal Teens Charged Over Suspected Terrorist Activities Now Face Four Charges
    MONTREAL — A young man and woman arrested in Quebec last week are each facing four terrorism-related charges.El Mahdi Jamali and Sabrine Djermane appeared briefly in a Montreal courtroom today as teary-eyed relatives looked on.

    2 Montreal Teens Charged Over Suspected Terrorist Activities Now Face Four Charges