November 1974 (November 1974) Budget of the Canadian Federal Government
Presented
18 November 1974
Parliament
30th
Party
Liberal
Finance minister
John Turner
Total revenue
29.965 billion [1]
Total expenditures
32.190 billion [1]
Deficit
$2.225 billion[1]
‹ May 1974
1975›
The Canadian federal budget for fiscal year 1974–1975 was presented by Minister of Finance John Turner in the House of Commons of Canada on 18 November 1974. This was the first federal budget following the 1974 Canadian federal election, which saw the liberals go from a minority to a majority government.[2]
One of the most controversial provision of the budget was the end of the deduction of provincial natural resources royalties from federal tax. According to Roy Romanow, this move kicked off the "resource war", a confrontation between Pierre Trudeau's federal government and the prairie Provinces over the control and revenues from natural resources extraction and energy production. [3]
The budget re-affirmed the creation of the Registered Home Ownership Savings Plan.
^ abc"Canada's deficits and surpluses, 1963–2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
^"The Leader-Post". news.google.com. 19 November 1974. Retrieved 2020-06-17.
^Back to Blakeney : revitalizing the democratic state. McGrane, David,, Romanow, Roy J.,, Whyte, John D.,, Isinger, Russell, 1965–. Regina, Saskatchewan, Canada. ISBN 978-0-88977-641-8. OCLC 1090178443.{{cite book}}: CS1 maint: others (link)
and 29 Related for: November 1974 Canadian federal budget information
Canadianfederalbudget for fiscal year 1974–1975 was presented by Minister of Finance John Turner in the House of Commons of Canada on 18 November 1974...
The Canadianfederalbudget for fiscal year 1975-1976 was presented by Minister of Finance John Turner in the House of Commons of Canada on 23 June 1975...
federal budget November 1974Canadianfederalbudget 1975 Canadianfederalbudget "Prime Ministers of Canada". Parliament of Canada. Retrieved January 17...
Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information...
The 29th Canadian Parliament was in session from January 4, 1973, until May 9, 1974. The membership was set by the 1972 federal election on October 30...
The 1993 Canadianfederal election was held on October 25, 1993, to elect members to the House of Commons of the 35th Parliament of Canada. Considered...
Telefilm Canada is a Crown corporation reporting to Canada'sfederal government through the Minister of Canadian Heritage. Headquartered in Montreal,...
Minister Bill Morneau in his February 27, 2018 presentation of the Canadianfederalbudget for the fiscal year 2018–2019, the deficit was projected to be...
Treasury and other federal agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year...
1974 January February March April May June July August September October November December The following events occurred in October 1974: Nigeria's President...
Equalization program", as outlined in the 2006 Canadianfederalbudget entitled, "Restoring Fiscal Balance in Canada". Based on the Al O'Brien 2006 Expert Panel...
The 38th Canadian Parliament was in session from October 4, 2004, until November 29, 2005. The membership was set by the 2004 federal election on June...
The Liberal Party of Canada (LPC; French: Parti libéral du Canada, PLC) is a federal political party in Canada. The party espouses the principles of liberalism...
1974 January February March April May June July August September October November December The following events occurred in May 1974: The first successful...
budget deficit so all three net to zero. The government sector includes federal, state and local governments. For example, the U.S. government budget...
The Canadian Broadcasting Corporation (French: Société Radio-Canada), branded as CBC/Radio-Canada, is the Canadian public broadcaster for both radio and...
original on 4 February 2014. Retrieved 2014-02-04. "2009 CanadianFederalBudget". Government of Canada. 2009-01-27. Archived from the original on 2012-08-26...
insurance. The new CEO said it was a "mistake." In the 2019 federalbudget, the Canadian government introduced the First-Time Home Buyer Incentive program...
1974 January February March April May June July August September October November December The following events occurred in March 1974: Seven former high-ranking...
of time). The RHOSP was announced in the May 1974Canadianfederalbudget by John Turner on 6 May 1974. Its mechanism is somewhat similar to RRSPs (deductible...
The financing of federal political entities in Canada (including federal parties, riding associations, candidates, nomination contestants, leadership...
During the history of Canadian politics, thirteen minority governments have been elected at the federal level. There have also been two minority governments...
sales remaining the highest in Canadian history, and became the highest grossing Canadian film. The $10 million budget was used by October 1971, after...
province and territory. The federal government's direct involvement in higher education is currently limited to the Canadian Military Colleges and funding...
in 1964. In 1966, the Canadian Bar Association passed a resolution at its annual meeting calling for the creation of a federal law reform commission....
Global Information