2013 Federal Budget

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