Budget 2015 – Department of Finance – News Release

Share this:

Economic action plan for the budget in 2015. Department of Finance.The Minister of Finance:  Joe Oliver tabled Economic Action Plan 2015

In short:

  • The deficit has been reduced from $55.6 billion at the height of the Great Recession to a projected surplus of $1.4 billion for 2015–16.
  • Reduced the small business tax rate to 9 per cent by 2019
  • Provided manufacturers with a 10-year accelerated capital cost allowance to encourage productivity-enhancing investment in machinery and equipment.
  • Increased the Lifetime Capital Gains Exemption to $1 million for owners of farm and fishing businesses.
  • Improved access to financing for Canadian small businesses through the Canada Small Business Financing Program.
  • Expanded the services offered through the Business Development Bank of Canada and Export Development Canada to help small and medium-sized businesses.
  • Provided $14 million over two years to Futurpreneur Canada in support of young entrepreneurs.
  • Supported the Action Plan for Women Entrepreneurs to help women business owners succeed.


Please post your comments about the budget.

Follow for the full budget: http://www.budget.gc.ca/2015/docs/nrc/2015-04-21-e.pdf

Share this:

Leave a Reply