The Canadian federal budget for fiscal year 2014–15 was presented to the House of Commons of Canada by Jim Flaherty on 11 February 2014.

[5] This however would later be overturned to a small deficit of $550 million due to improper accounting methodologies for the Government's unfunded pension obligations, as pointed out for years by the Auditor General.

[6] The government announced a plan to establish the National Disaster Mitigation Program, which it would begin funding in the 2015–2016 fiscal year under the 2015 budget.

[8][9] The budget included a reduction in sick leave benefits for public servants, a doubling of the Public Service Health Care Plan premium for retired civil servants, and increasing eligibility requirements to reduce enrollment in the program.

[10] The small business hiring tax credit was eliminated by the budget,[9] as was a tariff for mobile offshore drilling systems.

The Food and Drug Regulations would be amended to redefine the term beer to "reflect innovation" in brewing.