1996 (1996) Budget of the Canadian Federal Government
Securing the Future

Presented	6 March 1996
Parliament	35th
Party	Liberal
Finance minister	Paul Martin
Total revenue	149.889 billion [1]
Total expenditures	158.608 billion [1]
Deficit	$8.719 billion[1]
‹ 1995 1997 ›

The Canadian federal budget for fiscal year 1996-1997 was presented by Minister of Finance Paul Martin in the House of Commons of Canada on 6 March 1996.^[2] It is the first Canadian federal budget that was identified with an unofficial subtitle: Securing the Future.^[a]

Taxes

Personal income taxes

Incentives for investments in Labour-sponsored venture capital corporation (LSVCCs) are tightened:^[3][4]

• The tax credit rate is cut to 15% from 20% ;
• The maximum yearly credit is cut from $1,000 to $525 ;
• Minimum holding periods to benefit from the LSVCCs credit is increased from 5 to 8 years.