1976 Canadian federal budget

Budget of the Canadian Federal Government 1976 Canada 1975 Canadian federal budget 1975 1977 Canadian federal budget 1977 25 May 1976 30th Liberal Donald Stovel Macdonald 35.283 billion 42.180 billion $6.897 billionCanada's deficits and surpluses, 1963-2014 http://www.cbc.ca/news2/interactives/canada-deficit/ CBC News CBC/Radio-Canada 25 April 2015 The Canadian federal budget for fiscal year 1976–77 was presented by Minister of Finance Donald Stovel Macdonald in the House of Commons of Canada on 25 May 1976. 26 May 1976 The Leader-Post https://news.google.com/newspapers?nid=w9EjUEod0xMC&dat=19760526&printsec=frontpage&hl=fr live https://web.archive.org/web/20200625161455/https://news.google.com/newspapers?nid=w9EjUEod0xMC&dat=19760526&printsec=frontpage&hl=fr 2020-06-25 2020-06-17 news.google.com Background December 1975 Ministerial Statement On 18 December 1975 Donald Macdonald announced a temporary 10% surtax on taxes above $8,000. The surtax only applied to the 1976 taxation year and was enacted on 24 February 1977.S.C. 1976-77, ch. 4 s 65Pepin Marcel Ottawa : surtaxe temporaire de 10% sur les revenus imposables qui sont supérieurs à $30,000 https://numerique.banq.qc.ca/patrimoine/details/52327/2605893 3 September 2021 La Presse 19 December 1975 A9 fr Taxes Personal income taxes The budget announced that taxpayers will be able to transfer their RHOSP savings from one plan to another, for instance to select a plan with a better rate of return.S.C. 1976-77, ch. 4 s 57 The maximum deduction for RPPs is increased to $3,500.S.C. 1976-77, ch. 4 s 1(1) For RRSPs the limit is increased to $5,500 per year.S.C. 1976-77, ch. 4 s 56(4) Maximum deduction for child care expenses is increased to $1,000 by child (from $500) and capped to $4,000 by family (increased from $2,000).S.C. 1976-77, ch. 4 s 21(1) References Official documents Budget documents Budget Speech Budget Papers Budget in Brief Enacted legislations An Act to amend the statute law relating to income tax S.C. 1976-77 4 https://www.collectionscanada.gc.ca/obj/001060/f2/1970/cgc_p3-0_v002_n002_t000_000_19770224_p00000.pdf S.C. 1976-77, ch. 4 Category:Canadian federal budgets Category:1976 in Canadian law Category:1976 government budgets Category:1976 in Canadian politics Category:May 1976 in Canada