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Budget 2010: How does this budget affect your family?
- March 5, 2010 10:27 AM |
- By POV
Finance Minister Jim Flaherty is applauded
as he delivers the budget in Ottawa on Thursday. (Reuters)
Finance Minister Jim Flaherty had few surprises in the federal budget he unveiled in Ottawa Thursday, pledging to continue the stimulus measures rolled out in the last year while vowing to return to balanced books as soon as possible.
"We have [taken] extraordinary measures to protect the Canadian economy," Flaherty told MPs in the House of Commons. "Like virtually all other countries, we needed to run a substantial deficit to do so. But unlike other countries, we are in a position to ensure our deficit will be temporary."
Canadian families looking for sweeping personal tax cuts in Jim Flaherty's latest budget will have trouble finding them. This time around, the finance minister was true to his "stay the course" pledge and didn't offer much new tax relief.
There are no new personal tax increases either -- although employment insurance premiums will rise in 2011. Tax experts said there really wasn't much for the average taxpayer to celebrate this time around.
Read more:
2010 federal budget: How do you think the budget affects you and your family? Are you happy with it? Comment or take our poll.
Finance Minister Jim Flaherty had few surprises in the federal budget he unveiled in Ottawa Thursday, pledging to continue the stimulus measures rolled out in the last year while vowing to return to balanced books as soon as possible.
"We have [taken] extraordinary measures to protect the Canadian economy," Flaherty told MPs in the House of Commons. "Like virtually all other countries, we needed to run a substantial deficit to do so. But unlike other countries, we are in a position to ensure our deficit will be temporary."
Canadian families looking for sweeping personal tax cuts in Jim Flaherty's latest budget will have trouble finding them. This time around, the finance minister was true to his "stay the course" pledge and didn't offer much new tax relief.
There are no new personal tax increases either -- although employment insurance premiums will rise in 2011. Tax experts said there really wasn't much for the average taxpayer to celebrate this time around.
Read more:
2010 federal budget: How do you think the budget affects you and your family? Are you happy with it? Comment or take our poll.
(This poll is not scientific. It is based on readers' votes.)
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