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http://www.cbc.ca/canada/story/2007/...dget-main.html

In his second budget for Stephen Harper's minority government, Flaherty promised more money for the provinces and territories, incentives for environmental initiatives and a string of small personal finance breaks for Canadians.

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They include:

• A new $2,000 tax credit for each child under 18 years old. The maximum benefit under the plan will be $310 per child.
• A Working Income Tax Benefit of up to $500 a year per low-income individual or $1,000 per family to help reduce the number of people using welfare.
• An end to the marriage penalty for single-earner families.

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One of Flaherty's chief proposals is an extra $1.5 billion for the upcoming fiscal year aimed at correcting the so-called "fiscal imbalance" — the claim that the provinces are not getting their fair share of the money Ottawa collects.
Quebec, which goes to the polls in a provincial election on March 26, would get the bulk of the new money, roughly $698 million. Saskatchewan would follow with an extra $226 million, meaning that it will get the most per provincial resident, at $230.

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Flaherty's budget also included a "tax-back guarantee" — a plan to legislate the return of money the government saves in interest payments on the federal debt to individual Canadians, in the form of personal income-tax reductions.

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The budget also includes a change to when people must convert registered retirement savings plans (RRSPs) or registered pension plans (RPPs) into registered retirement income funds (RRIFs). The conversion will now be made when the holder turns 71, up from the current limit of 69 years.

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Flaherty's budget also includes several environment initiatives that may have been designed to help win the support of opposition parties to get the budget passed in the House of Commons. As a money bill, the budget is considered a confidence motion. Failure to win passage of the budget would spell the end of the 14-month-old minority government and spring another election.
The Conservatives unveiled plans for rebates of up $2,000 from the government on the purchase of new fuel-efficient vehicles and a levy on gas guzzlers.

At the other end of the spectrum, new passenger vehicles that consume more than 13 litres of fuel per 100 kilometres will be hit with a $1,000 levy. Trucks will be exempt. The rate of the levy will rise to $4,000 on vehicles with fuel consumption ratings of 16 litres per 100 kilometres or higher.