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The Canadian federal budget for the fiscal years of 2020–21 and 2021–22 was presented to the House of Commons by finance minister Chrystia Freeland on 19 April 2021. [5] The Canadian government did not produce a budget in 2020 due to the COVID-19 pandemic. Instead, the government produced a series of economic updates and stimulus plans ...
2020 Canadian federal budget: 2020–21 — Never presented Postponed and combined into the following year's budget due to the COVID-19 pandemic: 2021 Canadian federal budget A Recovery Plan for Jobs, Growth, and Resilience: 2021–22 19 April 2021 Chrystia Freeland Liberal: C-30: Royal Assent (29 June 2021)
The 2021 Canadian federal budget planned to phase them out by the end of September 2021, and projected a $354.2-billion deficit in the 2020–21 fiscal year. [174] While CERB was indeed phased out on September 26, the Canada Recovery Benefit (CBR) continued to provide support until October 23. [175]
In 1996, however, the federal minimum wage was re-defined to be the general adult minimum wage rate of the province or territory where the work is performed. Following the 2021 budget, the Government of Canada reestablished a federal minimum wage for federally regulated industries on December 29, 2021. [1]
Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget. The taxable portion of capital gains ...
The Canadian federal budget for fiscal year 2019–20 was presented to the House of Commons by Finance Minister Bill Morneau on March 19, 2019. This was the last budget before the 2019 federal election. The deficit is projected to rise to $19.8 billion, after including a $3 billion adjustment for risk. [3]
Bill C-30 implemented the legislative items from the 2021 budget, including additional COVID-19 aid in the form of creating the Canada Recovery Hiring Program, extending both the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy to the end of September, extending the Canada Recovery Benefit at a reduced rate, transferring $1 ...
OTTAWA, Dec 20 (Reuters) - Canada recorded a slightly lower C$14.50 billion ($10.09 billion) budget deficit for the first seven months of the 2024/25 fiscal year compared to the previous year as ...