Here are some more highlights of the Federal Budget 2017, recently tabled by Finance Minister Bill Morneau: - Budget 2017 proposes to make available up to an additional $400 million through the Business Development Bank of Canada on a cash basis over three years for a new Venture Capital Catalyst Initiative that will increase late-stage venture capital available to Canadian entrepreneurs. - In Budget 2017, the Government will invest $7 billion to support and create more high-quality, affordable child care spaces across the country. - In Budget 2017, the Government will invest more than $11.2 billion in a range of initiatives...
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The Finance Minister Bill Morneau recently released this year’s federal budget, the second federal budget under the Liberal government.  In a nutshell, the Federal Budget 2017 focuses on investments in infrastructure and innovation while avoiding major tax changes. The Finance Minister announced that the final budgetary balance for the 2016-2017 year is a deficit of $23 billion, slightly higher than what was announced last year. The 2017-2018 deficit is expected to be $28.5 billion including an adjustment for risk of $3 billion.  Projections for the following years are as follows: 2018-2019 will have a deficit of $27.4 billion, 2019-2020 with a...
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Here are some more highlights of the Alberta Budget 2017: -      To help Albertans reduce their carbon footprint and energy costs, the Energy Efficiency Alberta programs was launched, with an estimated $566 million in funding over 3 years to deliver a variety of programs and services for energy efficiency and small scale renewables. -      Budget 2017 has committed $14.5 million to hire 35 crown prosecutors and an additional 30 court support staff to help address court pressures. -      Budget 2017 has committed $826 million for employment and income support. -      The Alberta Child Benefit will provide $174 million in 2017-18 with...
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The Government of Alberta recently released its 2017 budget which focuses supporting changes to make life more affordable for Albertans, creating jobs and building a diversified economy and protecting and improving the services and supports that make a difference in the lives of Albertans. Here is an overview of the highlights and changes to revenue and expenditures in this year’s provincial budget. -      Provincial revenue is projected to be $45 billion for 2017-18.  Revenue comes from sources such as taxes, non-renewable resource revenue, federal transfers and investment income. -      Deficit is expected to be at $10.3 billion. -      Provincial debt climbs...
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