POLITICS
02/11/2014 04:25 EST | Updated 04/13/2014 05:59 EDT

Budget 2014: Highlights

Finance Minister Jim Flaherty has tabled his 2014 federal budget in the House of Commons.

Here is a look at some of the budget's main points:

- No major tax cuts, spending falls for 3rd year in a row.

- $2.9 billion deficit this year, $6.4 billion surplus next year (2015-16).

- New Canada Job Grant starts April 1, with or without agreement of the provinces and territories.

- Retired public sector workers will pay twice as much for voluntary medical benefits.

- $500 million over 2 years to an Automotive Innovation Fund for research and development.

- $1.5 billion over 10 years for a Canada First Research Excellence Fund to fund research at post-secondary institutions.

- $391.5 million over 5 years for highways, bridges, dams in National Parks.

- Interest-free loans for apprentices and funding for new internships where skilled workers are needed.

- Money for bridges in Windsor and Montreal but details for Building Canada infrastructure fund still to come.

- $10 million more over 2 years for snowmobile and recreational trails.

- Legislation to cap wholesale domestic wireless roaming costs.

- $305 million over 5 years to expand rural high-speed internet.

- Legislation promised to tackle cross-border price gaps — but no details.

- Tax on cigarettes rises $4 to $21 a carton — a jump of about 50 cents per pack.

- Government will bring regulation to Bitcoin, the virtual currency, to ensure it isn't used for money laundering.

- Online casinos, charities and amateur sport groups will be scrutinized to prevent links to organized crime and foreign terrorists.

- Legislation promised to stop suspended senators from accruing pension time.

- Creation of a DNA-based missing persons index.

Mobile users, read the budget document here