Ottawa budget balances books slashes tax burden for Canadians Joe Oliver

TORONTO — Finance Minister Joe Oliver says the government’s budget fulfills its promise to balance the books while cutting the tax burden for Canadians.During a speech Monday to the Canadian Club of Toronto, Oliver referred back to his first speech as finance minister 13 months ago, when he told the same group that his priority would be creating jobs and stimulating growth across the country.The April 21 budget includes proposals to lower the small business tax rate by two percentage points, nearly double the contribution limit on tax-free savings accounts, and expand tax breaks for seniors and families.Oliver highlighted the government’s promise for a new public transit investment fund worth $1 billion per year by 2019 as part of a solution to transit woes in Toronto and across the country.He also repeated his promise to bring in balanced-budget legislation, which he said would ensure future fiscal discipline.The budget also includes more than $11 billion in new funding for the Canadian military, as well as nearly $300 million to the RCMP, CSIS, and the Canadian Border Services Agency.Oliver said the new money was a clear demonstration of the government’s resolve to fight terrorism.The Canadian PressTerence Corcoran: When it comes to deficits, Finance Minister Joe Oliver has it rightPeter Foster: Read Joe Oliver’s New Balance shoes

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