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Budget 2009

Federal spending

Where the money's coming from

Last Updated: Tuesday, January 27, 2009 | 5:22 PM ET

CBC News

The federal government originally expected to bring in a little more than $244.5 billion in revenue for 2008-09. But economic conditions have forced a major recrunching of the numbers.

Now the government expects to collect $236.4 billion in the current fiscal year, which ends in March. That number is projected to fall even more, to $224.9 billion in 2009-10.

This expected revenue dip, combined with rising expenses, is expected to translate into a $1.1-billion deficit this fiscal year and $33.7 billion for 2009-10.

Here's a breakdown of the government's projected revenues. All figures are in billions of dollars.

(Source: Department of Finance)

IN DEPTH: Federal budget 2009

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Documents

Full federal budget: Complete budget documents at Ministry of Finance website
Economic action plan: Overview of economic stimulus
Home renovation tax credit: Eligibility and time frame
Taxes: Personal income tax, homeowners taxes

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Banks & Trusts	Interest Rate	Minimum Deposit	Features
Home Trust Company	0.85%	$2,500
Equitable Trust	0.80%	$5,000
Ally	0.75%	$1	Guaranteed earnings. No minimums, fees or service charges.
SunLife Financial Trust	0.70%	$1,000
ResMor Trust	0.65%	$5,000
ICICI Bank Canada	0.50%	$1,000
ING Direct	0.50%	$1
Peoples Trust	0.50%	$5,000
Pacific & Western Bank	0.45%	$5,000
Bank West	0.35%	$5,000

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Home Trust Company	1.25%	$2,500
ResMor Trust	1.10%	$5,000
Ally	1.00%	$1	Guaranteed earnings. No minimums, fees or service charges.
Equitable Trust	0.85%	$5,000
SunLife Financial Trust	0.80%	$1,000
Pacific & Western Bank	0.70%	$5,000
ING Direct	0.50%	$1
Manulife Bank	0.50%	$25,000
Peoples Trust	0.50%	$5,000
General Bank of Canada	0.50%	$25,000

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Home Trust Company	1.25%	$2,500
ResMor Trust	1.10%	$5,000
Ally	1.10%	$1	Guaranteed earnings. No minimums, fees or service charges.
Equitable Trust	0.85%	$5,000
SunLife Financial Trust	0.80%	$1,000
Pacific & Western Bank	0.75%	$5,000
Manulife Bank	0.50%	$25,000
Peoples Trust	0.50%	$5,000
General Bank of Canada	0.50%	$25,000
ING Direct	0.50%	$1

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Ally	1.75%	$1	No-Penalty option, no fees, daily compounded interest.
Home Trust Company	1.55%	$1,000
Pacific & Western Bank	1.55%	$1,000
ResMor Trust	1.46%	$1,000
SunLife Financial Trust	1.45%	$1,000
Community Trust	1.35%	$1,000
Korea Exchange Bank	1.30%	$3,500
State Bank of India (C)	1.30%	$2,000
ING Direct	1.25%	$1
Alterna Bank	1.20%	$500

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Ally	2.30%	$1	Guaranteed earnings. No minimums, fees or service charges.
ING Direct	2.25%	$1
Pacific & Western Bank	2.15%	$1,000
Home Trust Company	2.15%	$1,000
ResMor Trust	2.11%	$1,000
SunLife Financial Trust	2.05%	$1,000
State Bank of India (C)	2.00%	$2,000
Korea Exchange Bank	2.00%	$3,500
Community Trust	1.95%	$1,000
HomEquity Bank	1.90%	$5,000

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Ally	2.75%	$1	Guaranteed earnings. No minimums, fees or service charges.
Alterna Bank	2.75%	$500
Home Trust Company	2.65%	$1,000
SunLife Financial Trust	2.65%	$1,000
ResMor Trust	2.60%	$1,000
HomEquity Bank	2.55%	$5,000
Manulife Bank	2.50%	$2,500
ING Direct	2.50%	$1
President's Choice Fin'l	2.50%	$500
State Bank of India (C)	2.50%	$2,000

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Ally	3.60%	$1	Guaranteed earnings. No minimums, fees or service charges.
SunLife Financial Trust	3.45%	$1,000
Home Trust Company	3.35%	$1,000
Pacific & Western Bank	3.30%	$1,000
B2B Trust	3.30%	$500
President's Choice Fin'l	3.25%	$500
ING Direct	3.25%	$1
HomEquity Bank	3.25%	$5,000
Manulife Bank	3.25%	$2,500
Canadian Western Bank	3.20%	$500

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Peoples Trust	2.10%	$0
Ally	2.00%	$0	No minimums, no fees, daily compounded interest.
State Bank of India (C)	1.25%	$1,000
Canadian Tire Bank	1.20%	$0
ICICI Bank Canada	1.20%	$0
ING Direct	1.05%	$0
Amex Bank of Canada	1.00%	$0
Manulife Bank	1.00%	$0
Alterna Bank	0.85%	$0
Royal Bank of Canada	0.75%	$0

Banks & Trusts	Interest Rate	Minimum Deposit	Features
Ally	2.00%	$0	Invest up to $5000/year tax-free, withdraw at any time.
State Bank of India (C)	1.75%	$0
Bank of Nova Scotia	1.50%	$0
Canadian Tire Bank	1.50%	$0
ICICI Bank Canada	1.40%	$0
ING Direct	1.05%	$0
President's Choice Fin'l	1.00%	$0
Manulife Bank	1.00%	$0
BMO Bank of Montreal	1.00%	$0
HSBC Bank Canada	0.80%	$0

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Budget 2009

Federal spending

Where the money's coming from

Last Updated: Tuesday, January 27, 2009 | 5:22 PM ET

CBC News

IN DEPTH: Federal budget 2009

Documents

Analysis

Features

Sector by sector

Find the best interest rates

Sponsored Feature

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Money Headlines

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