Presented

29 March 2012

14 June 2012

41st

Conservative

Jim Flaherty

C$255.0 billion[1]‡

C$276.1 billion[1]

C$25.9 billion[2]

Jobs, Growth, and Long-Term Prosperity

The age of eligibility for would gradually rise from 65 to 67 between 2023 and 2029.

Old Age Security

Funding for the was reduced by 10% to approximately $1 billion per year. Funding for the National Film Board of Canada and Telefilm Canada was also reduced 10%.[4]

Canadian Broadcasting Corporation

19,200 federal public service jobs were eliminated, approximately 4.8% of all federal public service jobs. Of those, 7,200 would be via attrition, and 12,000 via .[5] About 4,800 of the affected employees work in Ottawa or Gatineau.[6]

layoffs

Extension of and Small Business Hiring Tax Credit for one year, elimination of the Overseas Employment Tax Credit (OETC) by 2016, elimination of Atlantic Investment Tax Credit and creation of efforts to crack down on tax avoidance and close loopholes.

Mineral Exploration Tax Credit

Reception[edit]

This budget was criticized because of cuts to health care, the old age security, environmental protection and because of the expansion of $6 billion in corporate tax cuts for corporations, banks, and oil companies.

of the Government of Canada

Budget Plan

at the Treasury Board

Harper Government Announces 10,980 Public Sector Positions Eliminated in Past Six Months