The Canadian federal budget for fiscal year 1991–92 was presented by Minister of Finance Michael Wilson in the House of Commons of Canada on 26 February 1991.

This while minimizing impact on businesses that could partially offset the increase by claiming a federal tax deduction.

[10] The budget laid out the following provisions:[11] The $10,000 limit would preserve deductibility for 80% of businesses (those with a payroll less than $750,000 a year) and the 6% tax allowance would ensure Ottawa would not collect additional taxes for the 20% remaining businesses if the payroll and capital taxes rate remain at their budget date level.

[10] Legislation to implement these measures was indefinitely delayed and they have never been in effect for capital taxes.

[13] Effective February 27, 1991:[14] The budget announces that the Expenditure Control Plan unveiled in the previous budget is extended:[15] No legislation was ultimately brought forward to restrict the deductibility of provincial payroll and capital taxes.