ARTICLE · 02 APRIL 2007

Canada´s Federal Budget 2007

Dentons Canada LLP

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The main themes of Budget 2007 include: Environment and Health, Tax Relief, Fiscal Balance, Security, and Capital Markets. Key Conservative promises include the Tax Back Guarantee that will dedicate approximately $1 billion per year in debt interest savings to ongoing personal income tax reductions.

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This annual publication was produced jointly by the FMC Public Policy and Taxation practice groups.

Canada’s Minister of Finance Jim Flaherty delivered the Conservative Government’s second federal budget on March 19, 2007. The Budget emphasizes three key goals:

Initiatives to restore "Fiscal Balance" between the Federal and Provincial Governments
Establishment of a Working Families Tax Plan to reduce the taxes, in particular for lower- and middle-income families
Investments directed at the environment and the health care system

The main themes of Budget 2007 include: Environment and Health, Tax Relief, Fiscal Balance, Security, and Capital Markets. Key Conservative promises include the Tax Back Guarantee that will dedicate approximately $1 billion per year in debt interest savings to ongoing personal income tax reductions.

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