32:
399:
when bill C-9 received royal assent on 12 May 1994 after the bill passed third reading on 19 April 1994. The bill was adopted on division as no party in the House of
Commons were keen to reject tax measures announced by a previous government and that had been in effect, for some of them, for more
305:
The budget planned for $ 7.5 billion of expenditure cuts over 5 years. Most of the cuts were however announced in the
December 1992 Economic Statement ($ 5.3 billion) and few cuts were contained in the 1993 budget ($ 1.2 billion):
291:
class with a rate of 25% was made available to patents and licence-to-use patents acquired after 26 April 1993. This measure allowed for faster amortization of patents in the first few years after the acquisition.
234:
A salary freeze in 1993 and 1994 for public servants (including the
Governor General and lieutenant governors of the provinces, the Prime Minister, Ministers, Parliamentarians and the federal judiciary) ;
296:
The budget also announced that the 25% withholding tax on payments for the use of patents would be repealed. That tax was imposed on
Canadian corporations' usage of foreign companies' patents.
284:
classes when the cost was $ 1,000 or more to allow immediate deduction for the taxpayer upon disposition of the equipment. That disposition is advantageous for equipment that depreciates fast.
354:, pointed out that the 100-pages long budget was one of the shortest budget ever and strongly criticized its lack of substance, overoptimistic economic forecasts and unimaginative measures.
357:
Preceding the budget, Mazankowski had stated that government revenues would decrease compared to 1992 as a result of "slow economic growth, continued high unemployment and low inflation".
164:
received royal assent. That act provided for a legislated ceiling for federal program spending from 1991–1992 to 1995–1996. Few programs were excluded from the scope of the Act (notably
310:
The federal government planned to abolish 16,500 more jobs over 5 years (the 1992 Economic
Statement already introduced a 2-year wage freeze for all public servants, including the
963:
855:
207:
Extended the Home Buyers' Plan by a year. Introduced in the
February 1992 budget, it was warmly received by the public but set to expire on 1 March 1993 ;
395:
which received royal assent on 2 April 1993. Tax measures for both the
December 1992 Statement and the April 1993 budget would not be voted until after the
240:
A freeze in unemployment benefits achieved by decreasing the benefit rate from 60 to 57% for new beneficiaries between 4 April 1993 and 1 April 1995.
60:
928:
335:
1093:
1067:
756:
730:
675:
642:
956:
220:
A new 10% investment tax credit for small businesses for investments in machinery and equipment purchased until 31 December 1993 ;
1431:
1089:
1426:
1060:
368:
was expected to be $ 32.6 billion. Mazankowski stated that the rating service had based its decision on "erroneous information".
350:
The budget was poorly received, and described as "stand pat", "do nothing", "non-budget" and a "lame duck". Claude Picher, from
244:
949:
824:
396:
351:
134:
130:
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1114:
1109:
1104:
1099:
1083:
1078:
1073:
1054:
1049:
1044:
1039:
1034:
1029:
996:
991:
255:
189:
177:
173:
169:
119:
96:
91:
200:
126:
361:
1421:
391:
The spending cuts announcements of the
December 1992 Economic Statement and the 1993 Budget were included in the
280:
Creating an election to place eligible property (electronic data processing equipment, photocopiers) in separate
79:
331:
The unemployment benefits rate reduction was made permanent: it would remain at 57% even after April 1995 ;
828:
311:
50:
1011:
986:
972:
380:
269:
The budget did not bring sweeping tax changes but introduced some technical changes for corporations :
111:
679:
288:
281:
165:
146:
900:
31:
1006:
760:
734:
683:
650:
376:
150:
115:
157:
had announced his intention to resign as soon as a new
Progressive Conservative leader is elected.
933:
919:
905:
849:
482:
223:
Another increase in the ceiling for loans under the Small
Business Loans Act to $ 250,000 ;
708:
612:
914:
315:
1208:
804:
251:
67:
364:
downgraded Canada's federal debt rating from AAA to AA+, and the budgetary deficit for the
217:
Exemption of UI premiums for newly created business in their first year of operation ;
372:
192:
122:
72:
864:
1352:
1289:
1150:
1021:
416:
154:
1410:
341:
Growth in funding for research and international aid was capped at 1.5% in 1994–1995.
878:
646:
1266:
365:
1129:
941:
613:"Compressions dans le fonctionnement de l'État : très peu de nouveau"
258:, Veterans Allowance, major transfers to provinces...) are not affected.
383:
the day after the budget speech, and interest rates "climbed sharply".
328:
Defence spending levels would be frozen to their 1994-1995 level ;
676:"Consumer may pay for federal budget Dollar down, interest rates up"
334:
Funding for social housing was frozen at $ 2 billion yearly and the
247:
transfer to provinces, the Green Plan and International Assistance);
237:
Reduction in government operating budget of 3% in 1993-94 ;
945:
325:$ 300 million were withheld from non-allocated reserves ;
226:
A two-year extension to the Small Business Financing Program.
452:
450:
243:
Most grants and subsidies to be cut by 10% (including the
582:
580:
733:. The Hamilton Spectator. 27 April 1993. Archived from
275:
faster depreciation of selected capital property items
129:
on 26 April 1993. It was the fifth budget after the
1351:
1288:
1265:
1207:
1149:
1128:
1020:
979:
78:
66:
56:
46:
38:
929:Government Expenditure Restraint Act, 1993 No. 2
393:Government Expenditure Restraint Act, 1993 No. 2
212:Small Business Employment and Investment Package
805:Debates of the House of Commons – 19 April 1994
571:
456:
338:would no longer grant 35-year subsidies ;
957:
669:
667:
8:
615:(in French). Montréal: La Presse. p. A3
417:"Canada's deficits and surpluses, 1963-2014"
322:, senators and the federal judiciary) ;
16:
780:
636:
634:
632:
630:
559:
547:
535:
523:
511:
499:
964:
950:
942:
854:: CS1 maint: location missing publisher (
792:
757:"Ottawa set to impose tough spending cuts"
643:"Ottawa credit rating hit by budget fears"
468:
15:
231:Another round of expenditure reductions:
25:Budget of the Canadian Federal Government
877:Department of Finance (26 April 1993).
863:Department of Finance (26 April 1993).
598:
586:
441:
408:
847:
611:Lortie, Marie-Claude (27 April 1993).
702:
700:
7:
755:Ferguson, Jonathan (26 April 1993).
731:"Federal budget A lame-duck effort"
901:An Act to amend the Income Tax Act
674:Beauchesne, Eric (28 April 1993).
489:(in French). Montreal. p. B5.
481:Girard, Michel (4 December 1992).
14:
641:McCarthy, Shawn (28 April 1993).
133:and would be the last before the
707:Picher, Claude (27 April 1993).
184:December 1992 Economic Statement
30:
886:. Ottawa: Government of Canada.
872:. Ottawa: Government of Canada.
483:"Mazankowski et les placements"
759:. Toronto Star. Archived from
397:1993 Canadian federal election
145:The budget was presented amid
135:1993 Canadian federal election
131:1988 Canadian federal election
1:
830:Economic and Fiscal Statement
375:declined with respect to the
197:Economic and Fiscal Statement
168:). It is a complement to the
997:Department of Finance Canada
362:Canadian Bond Rating Service
1448:
1002:Governor general's warrant
201:House of Commons of Canada
127:House of Commons of Canada
1432:1993 in Canadian politics
88:
29:
170:Expenditure Control Plan
147:poor economic conditions
61:Progressive Conservative
1427:1993 government budgets
1012:New shoes on budget day
987:Canadian federal budget
973:Canadian federal budget
381:foreign exchange market
273:The budget allowed for
151:soaring federal deficit
112:Canadian federal budget
680:The Hamilton Spectator
166:Unemployment insurance
825:Department of Finance
153:. Two month earlier,
1417:1993 in Canadian law
1007:Canadian public debt
915:Spending Control Act
892:Enacted legislations
709:"Le monde selon Maz"
377:United States dollar
162:Spending Control Act
160:On 18 June 1992 the
116:Government of Canada
108:1993 Canadian budget
992:Minister of Finance
880:The Budget in Brief
827:(2 December 1992).
763:on January 31, 2013
737:on January 31, 2013
686:on January 31, 2013
653:on January 31, 2013
387:Legislative history
190:Minister of Finance
188:On 2 December 1992
120:Minister of Finance
26:
813:Official documents
572:Economic Statement
457:Economic Statement
423:. CBC/Radio-Canada
1404:
1403:
1142:
1065:
371:The value of the
316:cabinet ministers
172:announced in the
104:
103:
1439:
1422:Canadian budgets
1140:
1063:
966:
959:
952:
943:
937:
923:
909:
887:
885:
873:
871:
859:
853:
845:
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835:
818:Budget documents
807:
802:
796:
790:
784:
778:
772:
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768:
752:
746:
745:
743:
742:
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721:
720:
718:
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695:
694:
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682:. Archived from
671:
662:
661:
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649:. Archived from
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250:Other programs (
176:and extended in
68:Finance minister
34:
27:
24:
22:
1447:
1446:
1442:
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1440:
1438:
1437:
1436:
1407:
1406:
1405:
1400:
1347:
1284:
1261:
1203:
1145:
1141:(never adopted)
1124:
1064:(never adopted)
1016:
975:
970:
940:
926:
912:
898:
894:
883:
876:
869:
866:The Budget 1993
862:
846:
839:
837:
833:
823:
820:
815:
810:
803:
799:
791:
787:
781:S.C. 1993, c 13
779:
775:
766:
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738:
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724:
714:
712:
706:
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640:
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578:
570:
566:
560:S.C. 1993, c 13
558:
554:
548:S.C. 1993, c 13
546:
542:
536:S.C. 1993, c 13
534:
530:
524:S.C. 1993, c 13
522:
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512:S.C. 1993, c 13
510:
506:
500:S.C. 1993, c 13
498:
494:
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415:
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389:
373:Canadian dollar
348:
303:
267:
214:consisting of:
193:Don Mazankowski
186:
143:
123:Don Mazankowski
100:
94:
73:Don Mazankowski
20:
18:
12:
11:
5:
1445:
1443:
1435:
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1429:
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1419:
1409:
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1399:
1398:
1393:
1388:
1383:
1378:
1373:
1368:
1363:
1357:
1355:
1353:Justin Trudeau
1349:
1348:
1346:
1345:
1340:
1335:
1330:
1325:
1320:
1315:
1310:
1305:
1300:
1294:
1292:
1290:Stephen Harper
1286:
1285:
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1201:
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1191:
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1166:
1161:
1155:
1153:
1151:Brian Mulroney
1147:
1146:
1144:
1143:
1134:
1132:
1126:
1125:
1123:
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1117:
1112:
1107:
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1076:
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1057:
1052:
1047:
1042:
1037:
1032:
1026:
1024:
1022:Pierre Trudeau
1018:
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797:
793:S.C. 1994, c 8
785:
773:
747:
722:
696:
663:
626:
603:
591:
576:
564:
552:
540:
528:
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473:
469:S.C. 1994, c 8
461:
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407:
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312:Prime Minister
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185:
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155:Brian Mulroney
142:
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102:
101:
95:
89:
86:
85:
84:$ 38.5 billion
82:
76:
75:
70:
64:
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53:
48:
44:
43:
40:
36:
35:
13:
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1210:
1209:Jean Chrétien
1206:
1200:
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607:
604:
601:, p. 77.
600:
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589:, p. 76.
588:
583:
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574:, p. 15.
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118:presented by
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42:26 April 1993
41:
37:
33:
28:
1198:
927:
913:
899:
879:
865:
838:. Retrieved
829:
800:
788:
776:
765:. Retrieved
761:the original
750:
739:. Retrieved
735:the original
725:
713:. Retrieved
688:. Retrieved
684:the original
655:. Retrieved
651:the original
647:Toronto Star
617:. Retrieved
606:
594:
567:
555:
543:
531:
519:
507:
495:
486:
476:
464:
444:, p. 68
437:
425:. Retrieved
420:
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370:
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349:
304:
301:Expenditures
274:
268:
211:
196:
187:
161:
159:
144:
107:
105:
1267:Paul Martin
936:1993, c. 13
922:1992, c. 19
711:. La Presse
599:Budget plan
587:Budget plan
442:Budget plan
366:fiscal year
174:1990 budget
1411:Categories
908:1994, c. 8
767:2012-11-10
741:2012-11-10
690:2012-11-10
657:2012-11-10
404:References
210:Created a
195:tabled an
141:Background
47:Parliament
1130:Joe Clark
850:cite book
487:La Presse
352:La Presse
346:Reactions
39:Presented
1094:November
1068:November
836:. Ottawa
427:25 April
421:CBC News
277: :
114:for the
980:General
840:18 June
715:18 June
619:18 June
562:, s 13.
550:, s 18.
538:, s 10.
526:, s 11.
514:, s 12.
471:, s 19.
379:in the
203:which:
199:in the
125:in the
90:‹
80:Deficit
19: (
1088:1978 (
1059:1974 (
502:, s 9.
287:A new
245:PUITTA
110:was a
1090:April
884:(PDF)
870:(PDF)
834:(PDF)
265:Taxes
57:Party
1396:2024
1391:2023
1386:2022
1381:2021
1376:2019
1371:2018
1366:2017
1361:2016
1343:2015
1338:2014
1333:2013
1328:2012
1323:2011
1318:2010
1313:2009
1308:2008
1303:2007
1298:2006
1280:2005
1275:2004
1257:2003
1252:2001
1247:2000
1242:1999
1237:1998
1232:1997
1227:1996
1222:1995
1217:1994
1199:1993
1194:1992
1189:1991
1184:1990
1179:1989
1174:1988
1169:1987
1164:1986
1159:1985
1138:1979
1120:1984
1115:1983
1110:1982
1105:1981
1100:1980
1084:1977
1079:1976
1074:1975
1055:1973
1050:1972
1045:1971
1040:1970
1035:1969
1030:1968
934:S.C.
920:S.C.
906:S.C.
856:link
842:2020
717:2020
621:2020
429:2015
360:The
336:CMHC
178:1991
149:and
106:The
97:1994
92:1992
51:34th
21:1993
17:1993
1061:May
320:MPs
289:CCA
282:CCA
256:GIS
252:OAS
1413::
1092:,
1066:,
932:,
918:,
904:,
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