1971 (1971) Budget of the Canadian Federal Government
Presented
18 June 1971
Parliament
28th
Party
Liberal
Finance minister
Edgar Benson
Total revenue
17.119 billion [1]
Total expenditures
18.905 billion [1]
Deficit
$1.786 billion[1]
‹ 1970
1972›
The Canadian federal budget for fiscal year 1971-1972 was presented by Minister of Finance Edgar Benson in the House of Commons of Canada on 18 June 1971. The budget lowered income taxes on individual and corporations, and sale taxes on a variety of commodities. A Capital gains tax was also introduced to the Canadian tax code. [2]
^ abc"Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
^"The Leader-Post". news.google.com. 19 June 1971. Archived from the original on 2020-07-03. Retrieved 2020-06-17.
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