The Government of Canada has released the 2016 federal budget.
The nearly 270-page document is the first from Justin Trudeau and the liberal party and includes a number of highlights:
This year’s deficit is going to be $29.4-billion with deficits expected until at least 2020.
There is roughly $8-billion in new “middle class” spending. Changes include a new Canada Child Benefit that will see families receive a maximum of $6,400 per child under six. Child tax credits for fitness, art and books for students are being cut.
Income splitting for seniors will be maintained.
A $2.4-billion in expansion of employment insurance will be enacted and $12-billion in infrastructure spending was also included.
An interesting omission was Canada Post. There was no mention regarding home delivery, one way or the other.
