NEWS

Highlights from the 2013 federal budget

03/21/2013 05:25 EDT | Updated 05/21/2013 05:12 EDT
Federal Finance Minister Jim Flaherty tabled his 2013 budget Thursday. Here is a look at some of the hightlights:

- $900 million in new spending, no new taxes or tax cuts

- $400 million in revenue from closed tax loopholes and enforcement

- Deficit grows to $18.7 billion – up $2.2 billion from November update

- Creation of a new Canada Job Grant next year to train workers

- New 10-year, $14.4 billion infrastructure fund starting in 2014

- $241 million over five years for First Nations skills training

- $1 billion over 5 years for aerospace industry and research

- Snitch line and rewards to catch international tax cheats

- CIDA wrapped into renamed Foreign Affairs, Trade and Development

- Gas tax fund for cities to increase two per cent each year

- Tariffs eliminated for most imported sports goods, kids’ clothing

- For small business, extension of EI credit for new hires

- $119 million over five years to transition homeless off the streets

- "Super" tax credit to encourage young Canadians to donate

- Expanded tax credit for adoption-related expenses

- $8 million to refurbish Toronto's Massey Hall concert venue

- Sick leave on the table in public sector labour talks

- Refund for veterans’ funerals and burials doubled to $7,376

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