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GCSurplus is a Canadian government department responsible for handling moveable Crown assets that a federal department or agency has declared as surplus under the Surplus Crown Assets Act (R.S., c. S-20, s. 1). [1] Surplus assets are typically auctioned off to the public through the GCSurplus website. [2]
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the House of Commons of Canada on March 23, 2004, by Finance Minister Ralph Goodale of the governing Liberal Party .
For Canada, total government includes the federal (central), provincial/territorial, and local governments. Another reason to measure debt on a total government basis is that the federal government may be viewed as responsible for the debt of other levels of government. [47] Credit rating agency Fitch said it expects the federal government to ...
The Canadian federal budget for the 2008–09 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on February 26, 2008. [3]The budget included a surplus of $10.2 billion to be applied to pay down federal debt, and the introduction of the Tax-Free Savings Account (TFSA). [4]
At the end of the fiscal year, the government was surprised to post a budgetary surplus of $1.9 billion. [5] This however would later be overturned to a small deficit of $550 million due to improper accounting methodologies for the Government's unfunded pension obligations, as pointed out for years by the Auditor General. [4]
The process of creating the budget is a complex one which begins within the working ranks for the Federal Government. Each year, the various departments that make up the Government (for example, Health, Transportation, Foreign Affairs, National Defence, Industry, CRA, etc.) submit what are called 'The Main Estimates' to The Treasury Board ...
The 2005 Canadian federal budget was the budget of the Government of Canada under prime minister Paul Martin's 38th Canadian Parliament for the 2005–06 fiscal year. It was presented on February 23, 2005, by Finance Minister Ralph Goodale .
Fiscal imbalance (French, déséquilibre fiscal) is the term used in Canada to describe a monetary imbalance between the Canadian federal government and the provincial governments. According to the fiscal imbalance theory, the federal government achieved an important surplus by cutting its contributions towards provinces, leaving provinces with ...