1980 Canadian federal budget

Canadian federal budget for fiscal year 1980-1981 Budget of the Canadian Federal Government 1980 Canada 1979 Canadian federal budget 1979 1981 Canadian federal budget 1981 28 October 1980 32nd Liberal Allan MacEachen 53.181 billion 67.737 billion $14.556 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 1980–81 was presented by Minister of Finance Allan MacEachen in the House of Commons of Canada on 28 October 1980.29 October 1980 The Leader-Post https://news.google.com/newspapers?nid=w9EjUEod0xMC&dat=19801029&printsec=frontpage&hl=fr 2020-06-17 news.google.com It was the first budget presented after the Liberals won a majority in the 1980 Canadian federal election. Taxes The budget did not bring major changes to either personal income taxes or corporate income taxes, as it mainly focused on the presentation of the National Energy Program. The budget maintained the indexing of income tax tables, costing 1.58 billions in 1981 alone.The Budget 15 The budget however:The Budget 16Budget Papers 1, 2 Made the payment of traveling allowances a non-taxable benefit for part-time employees working at least 50 mi on from their ordinary work location and residence; Made Energy Conversion Grants a taxable benefit; Extended the Small Business Development Bonds program for three months (until 31 March 1981); Re-introduced incentives for the construction of multiple-unit residential buildings (MURB) until the end of 1981; Extended the special CCA class for railway tracks at 4% until the end of 1982. Expenditures The budget announced an increase in 13.2% of expenditures over the fiscal year 1979-80 due partly to increase oil prices and increase in public debt charges.The Budget 12 Expenditure especially increased in energy programs (+300%) and economic development (+22%) with a special $350 millions envelope for industrial restructuring and manpower retraining.The Budget 13 Reactions May 2025 Notes and references Notes References Budget documents The Budget 28 October 1980 Ottawa https://www.budget.canada.ca/archives/1980-plan-eng.pdf 3 November 2024 en The Budget Budget Papers 28 October 1980 Ottawa https://www.budget.canada.ca/archives/1980-pap-eng.pdf 3 November 2024 en Budget Papers Budget in brief 28 October 1980 Ottawa https://budget.canada.ca/archives/1980-brf-eng.pdf 3 November 2024 en Budget in brief Category:Canadian federal budgets Category:1980 in Canadian law Category:1980 government budgets Category:1980 in Canadian politics Category:October 1980 in North America