Finance Minister Jim Flaherty presented the 2013 Federal Budget today. Jobs, Growth and Long-Term Prosperity the Top Priority of Canada’s Economic Action Plan 2013
- Connecting Canadians With Available Jobs by equipping them with the skills and training they require to obtain high-quality, well-paying jobs.
- Helping Manufacturers and Businesses Succeed in the Global Economy by enhancing the conditions for creating and growing businesses, including measures to support a globally competitive manufacturing sector, build on Canada’s financial sector advantage, increase and diversify our exports, and develop our natural resources in a safe, responsible and secure way, in order to sustain and create high‑quality, value-added jobs.
- Creating a New Building Canada Plan that adds to the unprecedented investments in public infrastructure since 2006 with a new infrastructure plan focused on projects that create jobs and economic growth and provide a high quality of life for Canadian families.
- Investing in World-Class Research and Innovation and fostering a vibrant entrepreneurial culture where new ideas are translated from laboratories into the marketplace.
- Supporting Families and Communities by expanding opportunities for Canadians to succeed and enjoy a high quality of life.
Highlights for individuals and small business include:
– enhancement of the Adoption Expense tax credit
– First-time Donor’s Super Credit for 1st time claimants of Charitable Donations tax credit
– extending the temporary Hiring Credit for Small Business
– increase to the small business capital gains exemption
For full details, see http://www.budget.gc.ca/2013/doc/bb/brief-bref-eng.html