{"id":75185,"date":"2017-03-23T07:24:44","date_gmt":"2017-03-23T07:24:44","guid":{"rendered":"http:\/\/usa.timesofnews.com\/federal-budget-2017-highlights-of-bill-morneaus-2nd-budget.html"},"modified":"2017-03-23T07:24:44","modified_gmt":"2017-03-23T07:24:44","slug":"federal-budget-2017-highlights-of-bill-morneaus-2nd-budget","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/federal-budget-2017-highlights-of-bill-morneaus-2nd-budget.html","title":{"rendered":"Federal budget 2017: Highlights of Bill Morneau&#8217;s 2nd budget"},"content":{"rendered":"<p>Finance Minister Bill Morneau has tabled his second federal budget, a document that fleshes out the details of\u00a0the government&#8217;s infrastructure spending and plans for innovation while avoiding major tax changes.<\/p>\n<p>The budget revises the deficit for the year just ended, rising slightly to $23 billion, and forecasts a deficit for the coming year of $28.5 billion, including a $3-billion &#8220;risk adjustment.&#8221;<\/p>\n<ul>\n<li><strong><a href=\"javascript:void(0)\">Liberals spend on training, innovation while holding line on most taxes<\/a><\/strong><\/li>\n<li><strong><a href=\"javascript:void(0)\">Gender-sensitive budget identifies gaps, funds possible fixes<\/a><\/strong><\/li>\n<li><strong><a href=\"javascript:void(0)\">Hello Uber tax, goodbye Canada Savings Bonds<\/a><\/strong><\/li>\n<li><strong><a href=\"javascript:void(0)\">$3.4B for &#8216;critical&#8217; needs of Indigenous communities<\/a><\/strong><\/li>\n<\/ul>\n<p>Here are highlights from the 2017 federal budget:<\/p>\n<p \/>\n<ul>\n<li>Deficit: $28.5 billion, up from $25.4 billion projected in the fall.<\/li>\n<li>Trend: <a href=\"javascript:void(0)\">Deficits gradually decline<\/a> over next five years \u2014 but still at $18.8 billion in 2021-22.<\/li>\n<li>Housing: $11.2 billion over 11 years, already budgeted, will go to a national housing strategy.<\/li>\n<li>Child care: $7 billion over 10 years, already budgeted, for new spaces, starting 2018-19.<\/li>\n<li>Indigenous: <a href=\"javascript:void(0)\">$3.4 billion in new money<\/a> over five years for infrastructure, health and\u00a0education.<\/li>\n<li>Defence: $8.4 billion in capital spending for equipment <a href=\"javascript:void(0)\">pushed forward to 2035<\/a>.<\/li>\n<li>Care givers: New care-giving benefit up to 15 weeks, starting next year.<\/li>\n<li>Skills: New agency to research and measure skills development, starting 2018-19.<\/li>\n<li>Innovation: $950 million over five years to support business-led &#8220;superclusters.&#8221;<\/li>\n<li>Startups: $400 million over three years for a new venture capital catalyst initiative.<\/li>\n<li>AI: $125 million to launch a pan-Canadian Artificial Intelligence Strategy.<\/li>\n<li>Coding kids: $50 million over two years for initiatives to teach children to code.<\/li>\n<li>Families: Option <a href=\"javascript:void(0)\">to extend parental leave up to 18 months<\/a>.<\/li>\n<li><a href=\"javascript:void(0)\">Uber tax<\/a>: GST to be collected on ride-sharing services.<\/li>\n<li>Sin taxes: One cent <a href=\"javascript:void(0)\">more on a bottle of wine, five cents on 24 case of beer<\/a>.<\/li>\n<li>Bye-bye: No more Canada Savings Bonds.<\/li>\n<li>Transit credit killed: 15 per cent non-refundable public transit tax credit phased out this year.<\/li>\n<\/ul>\n<p \/>\n<p \/>\n<h4 \/>\n<p>Article source: http:\/\/www.cbc.ca\/news\/politics\/federal-budget-highlights-2017-1.4032898?cmp=rss<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>Finance Minister Bill Morneau has tabled his second federal budget, a document that fleshes out the details of\u00a0the government&#8217;s infrastructure spending and plans for innovation while avoiding major tax changes. The budget revises the deficit for the year just ended, rising slightly to $23 billion, and forecasts a deficit for the coming year of $28.5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-75185","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/75185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=75185"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/75185\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=75185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=75185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=75185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}