Thursday, August 28th18.8°C
22817

Flaherty says no doubt of balanced budget in 2015, but won't promise it sooner

OTTAWA - Finance Minister Jim Flaherty says he'll deliver a balanced budget in 2015 without raising taxes or cutting transfers to the provinces.

But he's not promising to balance this year's budget, which is expected later this month.

Flaherty says the date of the upcoming budget will be announced later today, and says it will likely be a stopgap document, foreshadowing good news to come.

The Harper government has long touted its economic stewardship as a key strength, something Flaherty says will be underscored in the next budget.

The minister isn't giving any hints as to what the document might hold.

He has, however, played down the idea that there might be some goodies coming, saying such spending will have to wait until after the books are balanced.

It's expected that a better balance sheet in 2015 will allow the government to pay for some long-promised campaign plums, including income splitting for tax purposes.

The Canadian Press


Read more Business News

22819


Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9204+0.0001
Gold1281.70-2.1001
Oil93.73-0.15
Lumber347.10-2.10
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22908

FEATURED Property
2053694306 Stellar Drive
3 bedrooms 2 baths
$749,600
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_



23002




Member of BC Press Council


22885