The government ran a small surplus for the three months ending June 30, 2017. Major spending has not yet made it through the cycle. The government is still on track to run $28B deficit for the fiscal year-end of 2018.

1. FISCAL MONITOR – CANADA
– JUNE 2017
PAUL YOUNG CPA, CGA
AUGUST 25, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting,
Public Finance and Advanced
Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. SUMMARY – CANADA – FISCAL MANAGEMENT CYCLE
• Government of Canada

4. SUMMARY – CANADA – FISCAL MANAGEMENT CYCLE
• Government of Canada
• Government continues to handout
grants to clean technology companies
• Government continues to handout
money to private sector company, i.e.
aerospace, food production, metal
fabrication
• Health Canada funding to medical
research

5. OUTLOOK – BUDGET DEFICIT
• Source - http://globalnews.ca/news/3631879/federal-budget-surplus/

6. WHAT IS THE PIPELINE
• Sales of assets - http://www.cbc.ca/news/politics/airports-pwc-credit-suisse-morneau-sale-equity-
lease-c-d-howe-cdev-finance-canada-1.4210703
• Income Sprinkling – Target Small Business - http://www.cbc.ca/news/business/tax-angry-business-
loopholes-morneau-tax-consultations-income-sprinkling-passive-investment-income-1.4242280
• Border Crisis – Haiti Refugees - https://www.thestar.com/news/canada/2017/06/15/wait-time-for-
canadian-asylum-claims-could-hit-11-years-cost-29-billion-government-analysis.html or
http://cuc.ca/campaign-fix-canadas-broken-refugee-system
• Infrastructure bank - http://www.ctvnews.ca/business/liberals-set-up-fast-track-system-for-
infrastructure-bank-approvals-1.3521838