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budget-planbugetaire-eng - Her Majesty the Queen in Right...

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©Her Majesty the Queen in Right of Canada (2009) All rights reserved All requests for permission to reproduce this document or any part thereof shall be addressed to Public Works and Government Services Canada. Available through your local bookseller or by mail from Publishing and Depository Services Public Works and Government Services Canada Ottawa, Ontario KIA OS5 Telephone: 613-941-5995 Orders only: 1-800-635-7943 (Canada and U.S.A.) Fax: 613-954-5779 or 1-800-565-7757 (Canada and U.S.A.) Internet: http://publications.gc.ca Cat. N o .: F1-23/2009-3E ISBN 978-0-660-19853-8 This document is also available on the Internet at www.fin.gc.ca Cette publication est aussi disponible en français.
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3 Table of Contents 1 Introduction and Overview .......................................................... 7 Introduction ................................................................................... 9 Highlights ...................................................................................... 14 2 Recent Economic Developments and Prospects ........................... 31 Highlights ...................................................................................... 32 Introduction ................................................................................... 33 Global Economic Developments and Outlook ................................. 33 Private Sector Canadian Outlook ..................................................... 56 Risk Assessment and Planning Assumptions ..................................... 62 3 Canada’s Economic Action Plan ................................................... 65 Overview ........................................................................................ 67 Improving Access to Financing and Strengthening Canada’s Financial System ...................................................... 73 Highlights ................................................................................... 74 Introduction ............................................................................... 77 Ensuring Canadians’ Access to Financing— The Extraordinary Financing Framework ................................... 78 Further Safeguards for Financial Stability ..................................... 85 A New Canadian Securities Regulator .......................................... 87 New Measures to Help Consumers of Financial Products ............ 89 Federally Regulated Private Pension Plans ................................... 90 Other Measures to Strengthen Canada’s Financial System ........................................................................ 91
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4 Action to Help Canadians and Stimulate Spending .......................................................... 93 Highlights ................................................................................... 94 The Canada Skills and Transition Strategy ................................................................... 97 Further Developing a Highly Skilled Workforce ...................................................................... 106 Strengthening Partnerships With Aboriginal Canadians ........................................................ 107 Tax Relief for Canadians .............................................................. 109 A Balanced Record of Tax Relief ................................................. 118 Action to Stimulate Housing Construction ............................. 123 Highlights ................................................................................... 124 Introduction ............................................................................... 127 Support for Home Ownership and the Housing Sector ............................................................. 127 Investments in Housing for Canadians ............................................................................ 132 Helping Municipalities Build Stronger Communities ..................................................... 135 Immediate Action to Build Infrastructure ............................... 137 Highlights ................................................................................... 138 Introduction ............................................................................... 141 Investments in Provincial, Territorial and Municipal Infrastructure Projects ....................................... 142 Investments in First Nations Infrastructure .................................. 147 Investments in Knowledge Infrastructure .................................... 148 Investments in Federal Infrastructure Projects ............................. 153
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5 Action to Support Businesses and Communities .................................................................... 161 Highlights ................................................................................... 162 Introduction ............................................................................... 166 A Business Tax Advantage for Long-Term Prosperity ......................................................... 166 Capital Cost Allowance ............................................................... 167 Tariff Relief on Machinery and Equipment .................................. 169 Sectoral Competitiveness ............................................................. 169 Long-Term Competitiveness for Canadian Industry .................... 178 A More Sustainable Environment ................................................ 179 Supporting Small Businesses ........................................................ 181 Helping All Regions Prosper ....................................................... 182 Partnership with Provinces and Territories ............................. 187 Ensuring Fairness in Transfers ..................................................... 189 Advantage Canada : Progress Toward a More Competitive Canada ................................................... 193 Introduction ............................................................................... 195 Implementing Advantage Canada : Significant Progress to Date ...................................................... 195 Deepening Canada’s Five Advantages .......................................... 196 4 Fiscal Outlook ............................................................................... 201 Highlights ...................................................................................... 202 Approach to Budget Planning ........................................................ 204 Fiscal Planning Framework .............................................................. 205 Strong Expenditure Management .................................................... 209 Risks to the Fiscal Projections ......................................................... 230
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Annexes
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