2010 (2010) Budget of the Canadian Federal Government

Presented	March 4, 2010
Parliament	40th
Party	Conservative
Finance minister	Jim Flaherty
Total revenue	C $231.4 billion[1]
Total expenditures	C$280.5 billion[1]
Deficit	C$33.3 billion[2]
‹ 2009 2011 ›

The Canadian federal budget for the 2010-2011 fiscal year (April 1, 2010 - March 31, 2011) was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament.^[3]

Areas of direction

• $3.2 billion in personal income tax relief.
• Over $4 billion in actions to create and protect jobs.
• $7.7 billion in infrastructure stimulus to create jobs.
• Nearly $2 billion to help create the "Economy of Tomorrow"
• $2.2 billion to support industries and communities.
• Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs.^[4]
• Youth-related spending of $108 million

During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of nickel to reduce manufacturing costs.^[5]

The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.^[6]