Saturday, December 20, 2025
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

    Student Protesters Clash With Police In Montreal

    MONTREAL — Police and student protesters clashed in downtown Montreal Tuesday night during marches denouncing the Quebec government's austerity policies.

    Student Protesters Clash With Police In Montreal

    Cancer Treatment Breakthrough By Indian American Professor Madhuri Koti

    Cancer Treatment Breakthrough By Indian American Professor Madhuri Koti
    Queen's University cancer researcher Madhuri Koti has discovered a biomarker that will help lead to better predictions of the success of chemotherapy in ovarian cancer patients.

    Cancer Treatment Breakthrough By Indian American Professor Madhuri Koti

    Former Undercover Cop 1st Witness At Drug Trial For Friend Of Ex-Mayor Rob Ford

    TORONTO — The drug trial for a friend of former Toronto mayor Rob Ford finally began today with both he and his co-accused pleading not guilty.

    Former Undercover Cop 1st Witness At Drug Trial For Friend Of Ex-Mayor Rob Ford

    Bail Decision For Former Guantanamo Bay Inmate Omar Khadr In Hands Of Edmonton Judge

    Bail Decision For Former Guantanamo Bay Inmate Omar Khadr In Hands Of Edmonton Judge
    EDMONTON — An Edmonton judge says she needs time to decide whether a former Guantanamo Bay inmate should get bail.

    Bail Decision For Former Guantanamo Bay Inmate Omar Khadr In Hands Of Edmonton Judge

    Cross-examination Of Crown's Key Witness Continues At Trial For Patrick Brazeau

    Cross-examination Of Crown's Key Witness Continues At Trial For Patrick Brazeau
    GATINEAU, Que. — The defence lawyer for suspended senator Patrick Brazeau is continuing his cross-examination of the Crown's key witness today at his client's criminal trial.

    Cross-examination Of Crown's Key Witness Continues At Trial For Patrick Brazeau

    Alberta To Bring In Health-care Levy To Address Revenue Shortfall

    EDMONTON — Premier Jim Prentice says Albertans will face a new health-care levy to help fill a multibillion-dollar revenue hole in the provincial budget.

    Alberta To Bring In Health-care Levy To Address Revenue Shortfall