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Canada's 2018 Federal budget


JustinTrudeau

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http://nationalpost.com/pmn/news-pmn/canada-news-pmn/paternity-leave-deficit-cybersecurity-what-to-expect-in-the-2018-budget

PATERNITY LEAVE

The federal budget is expected to include a five-week, “use-it-or-lose-it” incentive for new fathers to take parental leave and share the responsibilities of raising their baby. The goal is to give parents a greater incentive to share child-rearing responsibilities so that new mothers can more easily return to the workforce. Quebec already has a policy with a paid, five-week leave for fathers that covers up to 70 per cent of their income.

SCIENCE

The budget is also expected to include a major financial boost to basic scientific research across Canada, which would address some of the concerns outlined last year in a national review of the state of fundamental science. That review recommended phasing in $1.3 billion more for researchers, scholarships and facilities over four years. The research community also thinks the budget could include new efforts to support young and Indigenous researchers, as well as help advance the role of women in science.

ENVIRONMENT

Since the Liberal government feels it has checked climate-change financing off its long environmental to-do list, Ottawa is expected to shift its funding focus to other international obligations on the environment, such as the UN Convention on Biological Diversity. The 2010 agreement says Canada must protect at least 17 per cent of its terrestrial areas, including inland waters, plus at least 10 per cent of its oceans by 2020.

PAY EQUITY

The government is expected to detail the cost of its long-held promise to achieve proactive pay equity in Canada this year. The exact figure remains to be seen, but the price tag on closing the gender wage gap in the public service and federally regulated workplaces, which together employ nearly 1.2 million people, will likely be significant.

SOCIAL PROCUREMENT

The budget could include an effort to increase procurement opportunities for female entrepreneurs, following the recommendation of the Canada-U.S. women-in-business group created by Prime Minister Justin Trudeau and U.S. President Donald Trump. The government has already been taking concrete steps toward adjusting procurement practices to increase the diversity of bidders. Groups promoting social procurement have seen more and more encouraging signs that additional commitments are on the way.

STILL IN THE RED

The Liberals blew through their 2015 campaign promise to keep the annual deficit below $10 billion in their first federal budget, and their ability to stick by their commitment to return to balance by 2019 remains in doubt. The latest federal forecast, released last October, projected a $14.3-billion deficit for 2019-20 and doubts persist that Tuesday’s budget will show a revised timeline for getting back to black.

GENDER-BASED ANALYSIS

The Liberals have also put this budget through a gender-based analysis, which involves thinking about how a certain measure might affect men and women, or boys and girls, in a different ways, while accounting for other intersecting factors such as income, ethnicity, disability and sexual orientation.

MEDIA

The budget is also expected to devote $50 million over five years to support local journalism in underserved communities across Canada, according to media reports. The Liberal government could also announce a plan to look at new business models that could allow charitable organizations to support non-profit journalism.

WORKING INCOME TAX BENEFIT

The budget is expected to detail how the government will deliver on its commitment to add $500 million more to the Working Income Tax Benefit (WITB), beginning next year. The benefit allows people typically earning the minimum wage or less to receive more income by subsidizing their wages with a tax credit.

HOUSING IN INDIGENOUS COMMUNITIES

The budget is also expected to devote big money to tackle the acute housing shortage in Indigenous communities, where homes are often overcrowded and in serious need of repairs. The Liberals have promised unique housing strategies for Inuit, Metis and First Nations communities alongside the 10-year, $225-million plan announced last year to fund groups that help house Indigenous Peoples living off-reserve.

CYBERSECURITY

There are high expectations from government and industry insiders that the budget will include large investments to help bolster Canadian cybersecurity defences at a time of heightened online threats around the world. The budget is set to fund a multi-departmental effort to strengthen the ability to protect and respond in the event of an attack.

NO-FLY LIST

The budget is expected to include almost $80 million over five years to build and operate a federal computer system aimed at ending no-fly list mismatches that have seen many innocent travellers — including dozens of children — endure anxious airport delays.

Spoiler

Now if we can get back from red to black... :air: Any Americans want to become Canadians? :usrs:

 

I fell down the stairs once as an actor.
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JustinTrudeau
7 minutes ago, Gaga Monster said:

What's the budget deficit or surplus? 

I believe we're on our way for deficits of $16.8 billion in 2017-18 and $14.8 billion in 2018-19.

I fell down the stairs once as an actor.
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Ok but where is the pharmacare 

Im á Katycat on Fridays #tgif
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JustinTrudeau
15 minutes ago, heda97 said:

Ok but where is the pharmacare 

Not sure. I think the article just shows highlights and 'new' developments.

I fell down the stairs once as an actor.
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26 minutes ago, JustinTrudeau said:

Not sure. I think the article just shows highlights and 'new' developments.

Oh true, Im just expecting them to implement a national pharmacare. Its one of the things I want to vote on during the election. 

Im á Katycat on Fridays #tgif
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Economy
On 26/02/2018 at 8:33 PM, Gaga Monster said:

What's the budget deficit or surplus? 

Deficit is forecast to be $18 Billion (0.8% of GDP)

 

Trudeau had promised to run deficits of less than $10 Billion and only for 4 years...

 

He's doubled them in size from his original campaign promises and there's no longer a time table to eliminate them :neyde:

 

 

 

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Economy
On 26/02/2018 at 10:04 PM, Trepadation said:

:giveup: his mind, it's so powerful 

He's running deficits when the unemployment is at a 40 year low :sis:

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