Sentences with phrase «federal budget changed»

The bruising seven - month legislative war that ended with the passage of a compromise federal budget changed the terms of the debate on education spending and forced the education lobby to fight for the very survival of the programs it champions.

The federal Budget changed the rules a bit re the taxation of passive investment income in private corporations, but falls well short of what was promised in terms of extra revenues and more tax fairness.

Making the situation even more precarious is the fact that 89 % of Canadians aren't sure how recent federal budget changes could play a part in their personal tax filing.

Not exact matches

The Trudeau government's 2017 federal budget talks a big game about innovation policy, but it misunderstands how firms actually implement change

The federal budget to be released this Wednesday by Finance Minister Bill Morneau is likely to introduce several changes for average Canadian families and investors alike.

In the weeks leading to the release of Canada's 2017 federal budget, there was plenty of speculation that Finance Minister Bill Morneau might raise the capital gains inclusion rate, make changes to dividend tax credits, and more.

Craft beer: One of the under - the - radar changes to the 2014 federal budget is aimed at reducing red - tape for craft brewers.

As the budget process illustrated last year, the federal government can use subsequent budget omnibus bills to include changes not mentioned in March budgets.

It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates.

ALBANY, N.Y., March 31 - New York Governor Andrew Cuomo and the state legislature agreed late on Friday on a $ 168 billion budget for fiscal 2019, including measures aimed at offsetting damage to taxpayers from new federal tax changes.

With Republican efforts to «repeal and replace» Obamacare in legislative limbo, and with potentially enormous changes in federal budget outlays on the horizon, the outlook for healthcare policy is cloudier than it has been in years — adding yet another challenge to those who want to invest and innovate in this area.

Republicans could try to use the budget reconciliation process, which requires only a simply majority in the Senate, to make changes to Dodd - Frank regulations that affect federal spending and taxes.

The paper concludes that with the policy changes to date, including budget cuts and the changes to the Canada Health Act and to the elderly benefit system, the federal government will have a long - term sustainable fiscal structure characterized by a declining debt to GDP ratio.

Posted by Nick Falvo under Alberta, budgets, carbon pricing, child benefits, climate change, corporate income tax, debt, demographics, energy, environment, federal budget, health care, homeless, housing, HST, income support, income tax, inflation, population aging, poverty, public services, seniors, social policy, taxation.

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

In order to show a balanced budget in 2015 - 16, the Government needed to book the sale of the GM shares (net $ 0.9 billion) and changes to federal employees» sick leave entitlements ($ 0.9 billion) in 2015 - 16.

VICTORIA — Dan Woynillowicz, policy director at Clean Energy Canada, made the following statement in response to the federal government's 2018 budget: «Today's budget announced support for implementing key pieces of the government's climate change and clean growth plan, including putting a price on carbon pollution and extending tax support for clean energy.

Instead, the federal government has introduced changes to programs (Canada Health Transfer, elderly benefits, etc.) in the Budget Implementation Bill, without providing a proper context for the need for change.

OTTAWA — The federal government is announcing a slight change to its plan to streamline the spending - approval process into a single $ 7 - billion vote after complaints earlier this week from the parliamentary budget watchdog.

3 reasons stock - market investors should think it really is different this time Tighter Federal Reserve policy and a $ 1 trillion U.S. budget deficit boost could change the «buy the dip» logicTighter Federal Reserve policy and a $ 1 trillion U.S. budget deficit boost could change the «buy the dip» logic, writes Jeff Reeves.

Off - budget: Federal government expenditures on certain programs, agencies, and government sponsored enterprises that are accounted for separately in the budget to prevent spending changes or avoid a conflict of interest.

The GOP bill including some changes would increase federal budget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Obudget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget OBudget Office.

In «Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget,» authors William B.P. Robson and Alexandre Laurin commend the government's recent change to RRIF rules but urge them to go further.

If you want to understand why the federal government has clocked deficits in every single year since the 2008/09 financial crisis, save one (2015), and why there won't be another black - ink budget until at least the mid-2020s, look at the pre-budget picture with Finance Minister Bill Morneau where he changes his shoes.

The explanation provided was that as a «result of accounting changes due to the Jobs and Economic Action Plan, public debt charge forecasts from the Federal Budget are no longer a reasonable estimate of cash - basis expenditures for reporting in the Estimates» [5].

Currently, the federal government generally relies on the Consumer Price Index (CPI) to index provisions of the budget and tax code to account for cost - of - living changes.

Victoria — Changes to the federal environmental assessment process, along with deep budget cuts, will weaken environmental protection in British Columbia say the B.C. New Democrats.

On Thursday, while exploring the implications of the federal government's tariff changes that were announced in last month's budget, I made what I believed to be a shocking discovery.

Posted by Angella MacEwen under budgets, climate change, deficits, Employment Insurance, federal budget, fiscal policy, labour market.

According to the Congressional Budget Office (CBO), recent changes to tax policy and the budget will increase the U.S. Treasury debt burden by a combined $ 1.8 trillion over 10 years ($ 1.46 trillion from tax policy and $ 320 billion related to the recent federal budget increase, on a «gross» bBudget Office (CBO), recent changes to tax policy and the budget will increase the U.S. Treasury debt burden by a combined $ 1.8 trillion over 10 years ($ 1.46 trillion from tax policy and $ 320 billion related to the recent federal budget increase, on a «gross» bbudget will increase the U.S. Treasury debt burden by a combined $ 1.8 trillion over 10 years ($ 1.46 trillion from tax policy and $ 320 billion related to the recent federal budget increase, on a «gross» bbudget increase, on a «gross» basis).

From 1990 to 2005, he was Director Fiscal Policy Division Department of Finance, responsible for overall preparation of the federal budget; preparation and assessment of medium - and long - term projections of federal revenues and expenses and implications for fiscal policy; analysis of fiscal conditions at both the federal and provincial levels; evaluation of various budget proposals; preparation of monthly Fiscal Monitor; with the Office of the Comptroller General (OCG), assessing and evaluating accounting standards proposed by the Public Sector Accounting Board (PSAB) of the CICA and recommending changes in government accounting policies; with the OCG, responsible for implementation of accrual accounting for the federal budget and the government's financial statements.

This change — along with a proposal to end the Public Service Loan Forgiveness Program, cut federal work study in half and largely affect income - based student loan repayment plans — would need to be approved by Congress along with the rest of the proposed budget.

Even though Republicans are in the majority, it's a very slim majority, and they just don't have the votes to make large changes to the Federal budget without Democrats support.

Cuomo wants the power to shift money after the budget is approved and without legislative consent, ostensibly in order to make it easier for the state to respond to federal health care law changes.

Regarding the change in the PIT outlook, the Enacted Budget Financial Plan says «taxpayers and employers appear to have been anticipating that the Federal government will lower personal income tax rates in 2017, prompting a shift of capital gains from 2016 to 2017» to an extent greater than DOB anticipated in the Executive Budget plan.

Cuomo is expected to overhaul the state's tax structure in his budget as a way to mitigate changes in the federal tax overhaul that could harm some New York taxpayers.

Cuomo's budget office agrees that there is uncertainty over possible federal changes.

A big wild card for the state budget is the potential federal changes.

Executive budget provisions included; also under Article 9A: includes IRC § 951A (GILTI) income under definition of exempt CFC income; decouples from federal cap on business interest deduction; decouples from federal cap on deduction of FDIC premiums; makes same changes in NYC corporation tax.

DiNapoli said more information is needed to address concerns raised during the budget talks, such as potential cuts to federal aid, a premise that drove the governor to successfully receive power over making changes to the budget after it is approved.

Governor Cuomo released his 30 - day amendments to the Executive Budget where he outlined his plan for the state's tax system redesign in response to the tax changes at the federal level.

The payroll change, like others Gov. Andrew Cuomo wrote into the budget, are meant to mitigate the effects of the federal

The $ 168.3 billion budget passed by state lawmakers at the end of March includes changes to the tax codes issued «to help ease the pain of the new federal tax code for homeowners expecting to see their taxes go up,» according to CBS New York.

Governor Cuomo's budget makes no major change in the Essential Plan — a low - cost state - sponsored health plan — despite the loss of almost $ 1 billion in federal aid.

Federal decision makers should consider this imbalance as they debate proposed budget and policy changes that could significantly impact New York and other states.»

ALBANY, N.Y. (WBEN / AP)-- Gov. Andrew Cuomo is poised to unveil his state budget proposal, a spending plan that is likely to call for big changes to state taxes in response to the federal tax overhaul.

Maybe the governor will change his position on taxes as our budget comes under attack from the federal government,» Bassett said.

Mayor Bill de Blasio revealed his first preliminary budget of the Trump - era today — $ 84.67 billion in expenses for Fiscal Year 2018, and $ 84.6 billion for improving and maintaining city infrastructure over the next decade — a budget devoid of any allowances for federal funding changes under the new Republican order in Washington, D.C.

Cuomo is expected to say how he would deal with the budget gap and the federal policy changes on January 16, when he unveils his budget plan.

Cuomo led and closed his 2018 - 19 budget address Tuesday by underscoring the need to adapt a dramatic change in the state tax code to counter a federal tax law passed last month by the Republican - controlled Congress and President Donald Trump.