Latest News

Finance Minister Jim Flaherty is congratulated by Prime Minister Stephen Harper following his budget speech in the House of Commons on Parliament Hill in Ottawa Monday, March 19, 2007. (CP / Chris Wattie)

Budget promises billions in new spending

Finance Minister Jim Flaherty delivered on Monday a budget packed with tax-break goodies for families, incentives to buy environmentally friendly cars and billions of dollars to fill provincial coffers. more...

CTV News: Ottawa Bureau Chief Robert Fife reports

Budget rewards those who purchase green vehicles

The federal budget includes a measure that could have a huge impact on the vast number of drivers, with a new initiative that will reward those who purchase fuel-efficient vehicles. more...

Budget touts solution to decades-old fiscal imbalance

The federal budget takes aim at solving the so-called fiscal imbalance with billions more going to the provinces in what could be a springboard to an early election. more...

Bloc Quebecois to support Tories' new budget

The Bloc Quebecois is the lone opposition party to support the federal Conservative government's new budget, which means the budget will likely be approved by Parliament. more...

Quebec's Charest welcomes $2.3B from Ottawa

Quebec Premier Jean Charest, embroiled in a tough provincial election fight, welcomed $2.3 billion in federal money for Quebec and tried to take some credit for it. more...

Families with children biggest winners in budget

Canadians with kids will pocket an extra $310 per child when they do their taxes next year, as families took the starring role in the federal budget's income-tax cut story. more...

Miller upset budget doesn't contain transit money

Toronto Mayor David Miller had high hopes for Monday's federal budget, expecting sustainable funding for the city's ambitious transit plans, but that cash isn't coming. more...

Budget offers little for homeless, aboriginals

The Conservative budget that promised something for everyone all but excludes the poorest of the poor. There's also little relief for single taxpayers or childless couples. more...

Economy keeps spitting out more cash: Flaherty

The Canadian economy continues to behave like a cash-generating machine, churning out a steady stream of money for the federal government to dole out to the provinces, on spending programs and tax cuts. more...

Business expectations of tax cuts dashed

Businesses expecting their share of tax relief from the fiscal bounty were left feeling like orphans Monday as the minority Tory government chose to favour individuals rather than corporations. more...

Budget creates Canadian Mental Health Commission

Finance Minister Jim Flaherty called for "respect and dignity" for people with mental illness as he announced in the budget Monday the establishment of a Canadian Mental Health Commission. more...