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The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in 1980. The governing party strictly enforces party discipline , usually expelling from the party caucus any government Member of Parliament (MP) who votes against the budget.
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
The Canadian federal budget for the fiscal years of 2022–23 was presented to the House of Commons by Finance Minister Chrystia Freeland on 7 April 2022. [ 2 ] [ 3 ] Background
The federal budget presented in February 2018 included an increase in the Environment and Climate Change Canada's budget to $1.5 billion which represents an increase of 53.5 per cent "more than it was initially allocated" in 2017 and "23.1 per cent more than it ended up spending" in 2017. [7]
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The budget introduced $22.8 billion of new spending over six years. [4] The budget will not make any changes to the income tax brackets for individuals or corporations. [4] This was later refined to $39.4 billion when the Annual Financial Report of the Government of Canada for Fiscal Year 2019–2020 was released. [2]