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Effective August 1, 1995 the annual subsidy of $560 millions to the railway companies is eliminated ; [10] The federal government budgeted a $1.6 billion one-time payment as compensation for land owner whose land values are affected by the abolition of freight subsidies. Subsidies for Atlantic region freight are abolished starting on July 1, 1995 ;
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 main provisions of the budget were included in the Budget Implementation Act, 1994 which was adopted in third reading by the House of Commons on 31 May 1994 and received royal assent on 15 June 1994. [8] [9] Votes followed party lines with the notable exception of independent Québec MP Gilles Bernier voting in favor.
Pages in category "1995 government budgets" ... This list may not reflect recent changes. C. 1995 Canadian federal budget; U. 1995 United Kingdom budget;
[neutrality is disputed] By 1995, however, Canada had eliminated the federal deficit, becoming the only G7 country to have a budget surplus. Some of the problems faced by the Chrétien government included the debate over the universal health care system, as well as military spending, which Chrétien's government decreased significantly ...
March 6 – The federal budget continues the assault on the deficit. March 26 – The Anik E-1 satellite malfunctions. March 27 – The Quebec budget proposes sweeping cuts to government funding. April 3 – All members of the Canadian Forces are ordered to spend the entire day searching for documents that may aid the Somalia inquiry.
May 28 – Jacques Villeneuve becomes first Canadian to win the Indianapolis 500; Canadian Scott Goodyear is third. June 24 – Buckingham, Quebec's Claude Lemieux of the New Jersey Devils is awarded the Conn Smythe Trophy; June 28 – Two more American teams (Birmingham Barracudas and the Memphis Mad Dogs) are established in the Canadian ...
The Canadian federal budget for fiscal year 1996–97 was presented by Minister of Finance Paul Martin in the House of Commons of Canada on 6 March 1996. [2] It is the first Canadian federal budget that was identified with an unofficial subtitle: Securing the Future .