1976 Canadian federal budget
| Presented | 25 May 1976 |
|---|---|
| Parliament | 30th |
| Party | Liberal |
| Finance minister | Donald Stovel Macdonald |
| Total revenue | 35.283 billion [1] |
| Total expenditures | 42.180 billion [1] |
| Deficit | $6.897 billion[1] |
‹ 1975 1977 › | |
The Canadian federal budget for fiscal year 1976-1977 was presented by Minister of Finance Donald Stovel Macdonald in the House of Commons of Canada on 25 May 1976.[2]
Changes since last budget[]
On 18 December 1975 Donald Macdonald announced a temporary 10% surtax on income exceeding $30,000. The surtax only applied to the 1976 taxation year and was enacted on 24 February 1977.[3][4]
External links[]
References[]
- ^ a b c "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
- ^ "The Leader-Post". news.google.com. 26 May 1976. Retrieved 2020-06-17.
{{cite web}}: CS1 maint: url-status (link) - ^ An act to amend the statute law relating to income tax, S.C. 1976-77, c. 4, s. 65
- ^ Pepin, Marcel (19 December 1975). "Ottawa : surtaxe temporaire de 10% sur les revenus imposables qui sont supérieurs à $30,000". La Presse (in French). p. A9. Retrieved 3 September 2021.
Categories:
- Canadian budgets
- 1976 in Canadian law
- 1976 government budgets
- 1976 in Canadian politics