Budget 2006

A number of changes to federal-government tax and benefit programs administered by the Canada Revenue Agency were announced in Budget 2006 on May 2. The Budget documents are available on the Finance Canada Web site.

Convention dictates that tax proposals take effect on the dates announced by the Minister of Finance in a Ways and Means motion. This means that the Canada Revenue Agency applies the measures on the dates announced by the government, even if necessary enabling legislation has not been passed on the date of implementation. If for any reason the Budget measures are not approved by Parliament, the Canada Revenue Agency makes any necessary adjustments to ensure that the correct taxes are collected.

The Canada Revenue Agency is working closely with the Department of Finance to ensure that taxpayers will have the information and updated forms they will need to comply with and benefit from the Budget measures.

The following links lead to updated information based on the changes announced in Budget 2006. As other forms, policies and guidelines are updated, they will also be posted on this site.

Budget 2006: Focusing on Priorities (Finance Canada)

Helping Individuals and Families (Finance Canada)

Minister of Finance Appoints Expert Panel to Advise on Children's Fitness Tax Credit (Finance Canada)

Explanatory Notes Relating to the Excise Tax Act, the Income Tax Act, the First Nations Goods and Services Tax Act, the Yukon First Nations Self-Government Act, and Related Acts (Finance Canada)

• July 1, 2006 - Reduction in the Rate of the GST/HST
  • Information Sheets and Questions and Answers (Revised June 29, 2006)
  • GST/HST Technical Information, Forms and Publications
  • More information
  • Information for Quebec consumers and businesses (Revenu Québec)
  
  
• Universal Child Care Benefit

Tax Measures: Supplementary Information and Notices of Ways and Means Motions (Finance Canada)

GST/HST Notice 212 - Harmonization of Administrative Provisions (Standardized Accounting) Legislative Amendments to Part IX of the Excise Tax Act - Questions and Answers

Changes to three public service pension plans that affect RRSP deduction limits: Questions and Answers, September 2007

• For general information about federal service pension plans, see Your Pension Plan (Treasury Board of Canada Secretariat)