On April 21, 2015 Minister of Finance Joe Oliver tabled a budget document, which offers targeted tax reductions for small businesses, seniors, and families with children, and predicts a $1.4 billion surplus in 2015-16, a surplus of $1.7 billion the following year, and a surplus of $4.8 billion by 2019-20. The government reported that the actual deficit for 2013-14 was $2 billion, less than the $2.9 billion estimated previously.

For a summary of the Income tax measures contained in the Budget, click here: 201504_Federal_Budget.pdf