Federal Budget

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Federal Budget As many Federal ministries and agencies lurch into an era of running without funds, they are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile services for Canadians are becoming inadequate and in some cases demolished. In an attempt to change this, the Jean Chretien Government’s recent budget plan chiefly …

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…higher than it was before 1998. last year's budget eliminated the general 3 per cent surtax for those with taxable incomes of up to about $50,000. This budget eliminates the 3 per cent surtax for the remaining taxpayers - those who have taxable incomes of more than $50,000. According to Martin, this measure will remove 200,000 Canadians from the tax rolls in addition to the 400,000 low-income earners who no longer had to pay taxes last year. This year's budget also adds $300