2011 Budgets |
Provided below are highlights of the 2011-2012 federal, provincial and territorial budgets:
Canada
Federal Finance Minister James M. Flaherty presented the 2011 federal budget on June 6, 2011.
Read a summary of the June 6, 2011 federal budget highlights from Deloitte's tax professionals.
Federal Finance Minister James M. Flaherty presented the 2011 federal budget on March 22, 2011.
Read a summary of the federal budget highlights from Deloitte's tax professionals.
Northwest Territories 2011-2012 budget highlights
On February 3, 2011, Northwest Territories Finance Minister J. Michael Miltenberger tabled the territory’s 2011-2012 budget. Here are some of the highlights:
- An operating surplus of $17 million is projected for 2011-2012
- The territory’s economy is forecast to grow by 1.2% in 2011-2012
- No new taxes are introduced
- Effective April 1, 2011, property tax rates, tobacco tax rates, liquor mark-ups and a number of fees will be adjusted to reflect inflation since their last increase
- The government is considering the introduction of a carbon tax and a hotel tax. Further research and consultation would be required before a decision is made in this regard.
Yukon 2011-2012 budget highlights
On February 3, 2011, Yukon Premier and Finance Minister Dennis Fentie tabled Yukon’s 2011-2012 budget. Here are some of the highlights:
- A surplus of $38.5 million is projected for 2011-2012
- No new taxes are introduced
- Yukon continues to have no territorial sales tax and no payroll taxes
- The premier highlighted the increase to Yukon’s small business deduction limit from $400,000 to $500,000, which took effect January 1, 2011. The small business tax rate stands at 4%.
British Columbia
British Columbia Finance Minister Colin Hansen presented the 2011 budget on February 15, 2011.
Read a summary of British Columbia budget highlights from Deloitte's tax professionals.
Alberta
Lloyd Snelgrove, Minister of Finance and Enterprise and President of the Treasury Board, presented the Alberta government’s 2011-2012 budget on February 24, 2011.
Read a summary of Alberta budget highlights from Deloitte's tax professionals.
Nunavut
On March 1, 2011, Nunavut Finance Minister Keith Peterson presented the territory’s 2011-2012 budget. He described the budget as an investment to support the priorities set out in Tamapta, the government’s long-term vision for a healthy economy in which people and businesses actively participate and create value. Here are some of the budget highlights:
- A $50 million budgetary deficit is projected for 2011-2012
- The overall fiscal position is stable and continues to depend heavily on federal funding
- Total revenues are expected to increase by 7% and spending is expected to decrease by 2.5% from the previous year
- No new taxes are introduced
- The territory’s economy is forecast to grow in the near term at about 3% per year until 2015, due largely to steady growth in both the mining and public sectors
Quebec
Quebec Minister of Finance, M. Raymond Bachand presented the 2011-2012 budget on March 17, 2011.
Read a summary of Quebec budget highlights from Deloitte's tax professionals.
New Brunswick
On March 22, 2011, New Brunswick Finance Minister Blaine Higgs tabled the province’s 2011-2012 budget.
Read a summary of New Brunswick budget highlights from Deloitte's tax professionals.
Saskatchewan
On March 23, 2011, Finance Minister Ken Krawetz presented the Saskatchewan government’s 2011 budget.
Read a summary of Saskatchewan budget highlights from Deloitte's tax professionals.
Ontario
On March 29, 2011, Ontario’s Minister of Finance, Dwight Duncan, presented the 2011 provincial budget.
Read a summary of Ontario budget highlights from Deloitte's tax professionals.
Nova Scotia
The Nova Scotia Minister of Finance, the Hon. Graham Steele, presented the government's 2011 budget on April 5, 2011.
Read a summary of Nova Scotia budget highlights from Deloitte's tax professionals.
Prince Edward Island
On April 6, 2011, Prince Edward Island's Minister of Finance, Wesley Sheridan, presented the 2011-2012 provincial budget .
Read a summary of Prince Edward Island budget highlights from Deloitte's tax professionals.
Manitoba
On April 12, 2011, Finance Minister Rosann Wowchuk presented the 2011 Manitoba budget.
Read a summary of Manitoba budget highlights from Deloitte's tax professionals.
Newfoundland and Labrador
On April 19, 2011, Finance Minister the Hon. Tom Marshall presented the 2011 provincial budget.
Read a summary of Newfoundland and Labrador budget highlights from Deloitte's tax professionals.
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