1998 Canadian federal budget

1998 Budget of the Canadian Federal Government

Presented	24 February 1998
Parliament	36th
Party	Liberal
Finance minister	Paul Martin
Total revenue	165.520 billion[1]
Total expenditures	159.741 billion[1]
Surplus	$5.779 billion[1]
‹ 1997 1999›

The Canadian federal budget for fiscal year 1998–99 was a presented by Minister of Finance Paul Martin in the House of Commons of Canada on 24 February 1998.^[2]

Taxes

Personal income taxes

Despite no explicit mention in the budget itself, the Labour-sponsored venture capital corporation tax credit maximum yearly amount was increased from $525 to $750 starting in fiscal year 1998.^[3]

External links

• Budget Speech
• Budget Plan
• Budget in Brief
• Budget Overview
• Budget Chart Book
• Article on Canadian Encyclopedia

References

1. "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
2. "La Presse". numerique.banq.qc.ca. 25 February 1998. Archived from the original on 2020-06-25. Retrieved 2020-06-17.
3. Income Tax Budget Amendments Act, 1998, S.C. 1999, c. 22, s. 49(4)