2010 Canadian federal budget

2010 (2010) Budget of the Canadian Federal Government

Presented	March 4, 2010
Parliament	40th
Party	Conservative
Finance Minister	Jim Flaherty
Total revenue	C $231.4 billion
Total expenditures	C$280.5 billion
Deficit	C$33.3 billion
‹ 2009 2011 ›

The Canadian federal budget for the 2010-2011 fiscal year (April 1, 2010 - March 31, 2011) was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament.

Areas of direction

• $3.2 billion in personal income tax relief.
• Over $4 billion in actions to create and protect jobs.
• $7.7 billion in infrastructure stimulus to create jobs.
• Nearly $2 billion to help create the "Economy of Tomorrow"
• $2.2 billion to support industries and communities.
• Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs.
• Youth-related spending of $108-million

During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of nickel to reduce manufacturing costs.

The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.

References

• Chase, Steven (5 March 2010). "Some change for a dollar: Money you can launder". The Globe and Mail. Retrieved 14 March 2014. 
• Dearing, Stephanie (30 December 2009). "Harper moves to prorogue Canadian parliament until March 2010". Digital Journal. 
• McMurdy, Deirdre (4 March 2010). "Budget 2010 a tightrope act for Canada". MSN Canada. 

External links

• http://money.ca.msn.com/federalbudget/article.aspx?cp-documentid=23579149