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

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