Budget Plan

THE PDF VERSION 2018 7.34 MB

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Table of Contents

• Growth
  • More Help for the Middle Class and People Working Hard to Join It
    • Introducing the Canada Workers Benefit
    • Strengthening the Canada Child Benefit
    • Enhancing the Wage Earner Protection Program
    • A More Secure Retirement
    • Building More Rental Housing for Canadian Families
    • Equality in the Workforce
    • Addressing the Gender Wage Gap
    • Supporting Community Women’s Organizations
    • A National Conversation on Gender Equality With Young Canadians
    • Engaging Men and Boys to Promote Gender Equality
    • Evidence-Based Policy
  • Skills for Tomorrow’s Economy
    • Canada Summer Jobs 2019–20
    • Improving the Quality of Career Information and Program Results
    • Making Employment Insurance More Responsive and Effective
    • Improving Access to the Canada Learning Bond
    • Labour Market Transfer Agreements
    • Progress on Lifelong Learning
    • Helping Women Enter and Succeed in the Trades
    • Pre-Apprenticeship Program
    • Getting Into and Staying in the Workforce and Career Pathways for Visible Minority Newcomer Women in Canada
    • Helping Vulnerable People Access Government Funding
    • Investing in Skills for the Future
  • Strengthening and Diversifying Trade
    • Modernizing the North American Free Trade Agreement
    • Pursuing New Markets
    • Ensuring Rules-Based and Responsible Trade
  • A Fair Tax System for All Canadians
    • Cracking Down on Tax Evasion and Combatting Tax Avoidance
    • Combatting Aggressive International Tax Avoidance
    • Holding Passive Investments Inside a Private Corporation
    • Closing Tax Loopholes
• Progress
  • Canadians are innovators
    • Canada’s Innovation and Skills Plan
  • Investing in Canadian Scientists and Researchers
    • Supporting the Next Generation of Research and Researchers
    • Granting Councils
    • Canada Research Chairs
    • Research Support
    • Investing in the Equipment Researchers Need—Canada Foundation for Innovation
    • Harnessing Big Data
    • Leveraging the Full Potential of Business-Academia Collaboration
    • Stronger and More Collaborative Federal Science
  • Innovation and Skills Plan—A More Client-Focused Federal Partner for Business
    • Innovation Canada – Accelerated Growth Service
    • The Creation of Four Flagship Platforms
    • Placing Evidence at the Centre of Program Evaluation and Design
    • Expanding Access to Entrepreneurship in Canada
    • Making it Easier for Entrepreneurs and Companies to Do Business
    • Supporting the Rural Economy
• Reconciliation
  • Achieving Better Results for Indigenous Peoples
    • Ensuring That Indigenous Children Are Safe and Supported Within Their Communities
    • Clean and Safe Drinking Water on Reserve
    • Indigenous Skills and Employment Training Program
    • Support for Distinctions-Based Housing Strategies
    • Indigenous Health: Keeping Families Healthy in Their Communities
    • Supporting Inuit Priorities
    • Supporting Métis Nation Priorities
    • Increased Health Supports for Survivors of Indian Residential Schools and Their Families
    • Supporting the Gord Downie & Chanie Wenjack Fund
    • Creating a More Responsive Income Assistance Program That Addresses the Needs of First Nations Communities
    • Supporting Indigenous History and Heritage
    • Indigenous Sport
    • Supporting the Expansion of the First Nations Land Management Act and the Successful Participation of First Nations Under the Act
    • Renewing the Matrimonial Real Property Implementation Support Program
  • Rights and Self-Determination
    • Supporting the Recognition and Implementation of Rights and Self-Determination
    • Helping Indigenous Nations Reconstitute
    • Permanent Bilateral Mechanisms
    • New Fiscal Relationship: Strengthening First Nations Institutions and Community Capacity
    • New Fiscal Relationship: Collaborating With Self-Governing Indigenous Governments
    • Strengthening Indigenous Data and Research Capability
• Advancement
  • Part 1: Canada’s Natural Legacy
    • A Clean Environment for Future Generations
    • Protecting Canada’s Nature, Parks and Wild Spaces
    • Protecting Marine Life
    • Establishing Better Rules to Protect the Environment and Grow the Economy
    • Pricing Carbon Pollution and Supporting Clean Growth
    • Adapting Canada’s Weather and Water Services to Climate Change
    • Extending Tax Support for Clean Energy
  • Part 2: Canada and the World
    • Advancing Gender Equality Around the World
    • Enhancing Transparency in Canada’s International Assistance Programming
    • Implementing the 2030 Agenda for Sustainable Development
  • Part 3: Upholding Shared Values
    • Supporting the Health and Wellness of Canadians
    • Taking Action to Reduce Smoking
    • Cannabis Taxation, Regulation and Public Protection: Legalizing Cannabis in 2018
    • Support for Canada’s Veterans
    • Supporting Canada’s Heritage and Cultural Diversity
    • Good Governance
    • Improving Service Delivery
  • Part 4: Security and Access to Justice
    • Access to Justice
    • Combatting Gender-Based Violence and Harassment
    • Addressing Corporate Integrity
    • A Strong Sanctions Regime
    • Ensuring Security and Prosperity in the Digital Age
    • Enabling Digital Services to Canadians
    • Enhancing the Security of Taxpayer Information
    • Investment Canada Act—National Security Review of Foreign Investments
    • Safeguarding the Integrity of Our Public Safety System
    • Supporting Those Who Keep Our Communities Safe
    • Further Improving Mental Health Supports for Inmates
    • Reopening the Penitentiary Farms at Joyceville and Collins Bay Institutions
    • Borders and Migration
• Equality
  • Budget 2018’s Gender Results Framework
  • Canada’s Commitment to Gender Budgeting
  • Canada’s Gender Results Framework
    • Gender Equality Goals for Canada
    • Education and Skills Development
    • Economic Participation and Prosperity
    • Leadership and Democratic Participation
    • Gender-Based Violence and Access to Justice
    • Poverty Reduction, Health and Well-Being
    • Gender Equality Around the World
  • GBA+ of Budget 2018
    • Strengthening Support for Low-Income Canadians
    • Helping Working Canadians
    • Supporting the Next Generation of Research and Researchers
    • Innovation and Skills Plan—A More Client-Focused Federal Partner for Business
    • Advancing Reconciliation with Indigenous Peoples
    • A Clean Environment for Future Generations
    • Supporting the Health and Well Being of Canadians
    • Ensuring Security and Prosperity
    • Access to Justice
    • Improving Service Delivery
• Annex 1 - Economic and Fiscal Outlook
  • Introduction
  • Canadian Economic Developments
    • Unemployment Rate Near its Lowest Level in Four Decades
    • Earnings and Confidence Are Expected to Continue to Underpin Growth
    • Labour Market Slack Remains in Some Provincial Economies
    • Recent Indicators Point to Ongoing Business Investment Gains
    • Export Growth Is Anticipated to Rise
    • Crude Oil Prices Have Increased, but the Discount on Canadian Oil Has Also Risen
    • Housing Market Pressures Easing
  • Global Economic Developments
    • Global Economic Activity Is Firming
    • Global Financial Conditions Remain Supportive Despite a Recent Pullback in Equities
    • The U.S. Economy Is Operating at Potential
    • European Economies Surprised on the Upside in 2017
    • Strong Growth in China and Emerging Economies
  • Budget 2018 Economic Outlook
  • Risk Assessment
  • Budget 2018 Fiscal Outlook
    • Continued Investments in a Strong Middle Class
    • A Downward Deficit and Debt Ratio Track
    • Continued Economic Strength Would Accelerate Deficit Reduction
• Annex 2 - Details of Economic and Fiscal Projections
  • Contents
  • 1. Private Sector Economic Projections
  • 2. Economic and Fiscal Developments and Policy Actions since the 2017 Fall Economic Statement
    • 2.1 Impact of Economic and Fiscal Developments since the 2017 Fall Economic Statement
    • 2.2 Policy Actions Announced since the 2017 Fall Economic Statement
    • 2.3 Other Budget 2018 Measures (Not Included in Previous Chapters)
  • 3. Fiscal Projections
    • 3.1 Summary Statement of Transactions
    • 3.2 Outlook for Budgetary Revenues
    • 3.3 Outlook for Program Expenses
    • 3.4 Financial Source/Requirement
  • 4. Supplementary Information
    • 4.1 Policy Actions and Budget Investments by Department (Cash Basis)
    • 4.2 Reconciliation of Budget 2018 Expenses with 2018–19 Planned Estimates
    • 4.3 Sensitivity of Fiscal Projections to Economic Shocks
    • 4.4 Update on Allocation of Infrastructure Investments
• Annex 3 - Strengthening and Modernizing Canada’s Financial Sector
  • Ensuring a Safe and Sound Financial System
    • Modernizing the Deposit Insurance Framework
    • Financial Market Infrastructure Resolution
    • Maintaining a Robust Currency Regime
  • Fostering Innovation and Competition
    • Review of Open Banking
    • Supporting an Innovative Retail Payments System
    • Modernizing the Financial Sector Framework
  • Enhancing Consumer Protection in Banking
  • Treasury Management
• Debt Management Strategy for 2018–19
  • Introduction
  • Outlook for Government of Canada Debt
  • Planned Borrowing Activities for 2018–19
    • Borrowing Authority
    • Sources of Borrowings
    • Use of Borrowings
  • Debt Management Strategy for 2018–19
    • Objectives
    • Debt Structure Planning
    • Market Consultations
    • Composition of Market Debt
    • 2018–19 Treasury Bill Program
    • 2018–19 Bond Program
    • Management of Canada’s Official International Reserves
    • Cash Management
    • Prudential Liquidity

Tax Measures: Supplementary Information