2007 Canadian Federal Budget - Areas of Direction

Areas of Direction

Some of the key items in the budget are:

  • $39 billion in transfers to provinces for public services and infrastructure
  • $2000/child tax credit
  • Increase age limit for RRSPs
  • $9.2 billion in debt reduction
  • $550 million/year to combat the welfare trap
  • $140 million to establish a Registered Disability Savings Plan
  • Subsidies up to $2000 on low-emissions automobiles and a Car tax up to $4000
  • $1.5 billion in transfers to provinces for projects that combat climate change and air pollution
  • $400 million to implement national electronic health records
  • $612 million to reduce hospital wait times
  • $300 million for HPV vaccines
  • $60 million increase in Canadian Forces wages
  • $600 million for farmer savings plans
  • $400 million to offset agriculture production costs
  • Increase in tobacco tax to offset GST reduction

These expenditures and cuts have led to some belief that this is pre-election budget, aimed at enticing voters.

Read more about this topic:  2007 Canadian Federal Budget

Famous quotes containing the words areas of, areas and/or direction:

    “Adults understandably assume that the level of verbal proficiency a five-year-old displays represents his level of proficiency in all areas of functioning—if he talks like an adult, he must think and feel like one. However, five-year-olds,... belie the promise of adult-like behavior with their child-like, impulsive actions.”
    —Dorothy H. Cohen (20th century)

    “The point is, that the function of the novel seems to be changing; it has become an outpost of journalism; we read novels for information about areas of life we don’t know—Nigeria, South Africa, the American army, a coal-mining village, coteries in Chelsea, etc. We read to find out what is going on. One novel in five hundred or a thousand has the quality a novel should have to make it a novel—the quality of philosophy.”
    —Doris Lessing (b. 1919)

    “The learned and the studious of thought have no monopoly of wisdom. Their violence of direction in some degree disqualifies them to think truly.”
    —Ralph Waldo Emerson (1803–1882)