Politics

Highlights from the 2013 federal budget

Federal Finance Minister Jim Flaherty tabled his 2013 budget Thursday. Click for a look at some of the hightlights.

Deficit grows in the short-term but on track to balanced budget, says Flaherty

2013 budget unveiled

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8 years agoVideo
4:37
Finance Minister Jim Flaherty unveiled the 2013 federal budget on Thursday with little new spending focused on eliminating the deficit by 2015 4:37

Federal Finance Minister Jim Flaherty tabled his 2013 budget Thursday. Here is a look at some of the hightlights:

  • $900 million in new spending, no new taxes or tax cuts
  • $400 million in revenue from closed tax loopholes and enforcement
  • Deficit grows to $18.7 billion – up $2.2 billion from November update
  • Creation of a new Canada Job Grant next year to train workers
  • New 10-year, $14.4 billion infrastructure fund starting in 2014
  • $241 million over five years for First Nations skills training
  • $1 billion over 5 years for aerospace industry and research
  • Snitch line and rewards to catch international tax cheats
  • CIDA wrapped into renamed Foreign Affairs, Trade and Development
  • Gas tax fund for cities to increase two per cent each year
  • Tariffs eliminated for most imported sports goods, kids’ clothing
  • For small business, extension of EI credit for new hires
  •  $119 million over five years to transition homeless off the streets
  • "Super" tax credit to encourage young Canadians to donate
  • Expanded tax credit for adoption-related expenses
  • $8 million to refurbish Toronto's Massey Hall concert venue
  • Sick leave on the table in public sector labour talks
  • Refund for veterans’ funerals and burials doubled to $7,376

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