2015 Canadian federal budget

The budget was supposed to be presented in February or March before the fiscal year began on April 1, but was delayed because of the steep drop in oil prices in the winter of 2014–15.

[6] This was later adjusted to $2.9 billion after reflecting a change requested by the Auditor General dating back 10 years' worth of federal budgets, specifically with regards to the discount rate methodology used to determine the present value of the Government's unfunded pension obligations.

[8] In the budget is a proposal for a new approach to mass transit capital funding that would be based on long-term loans and private sector involvement.

[8][clarification needed] The government is putting an extra $1.3 billion over six years into the Canada Foundation for Innovation, which provides grants for research infrastructure, mainly at colleges and universities.

[8] The government proposes to increase the lifetime capital gains exemption for farmers and fishing businesses from $800,000 to $1 million for all property sold on or after budget day.

[8] The government had introduced a temporary tax break during the Great Recession to encourage manufacturers to write off part of the cost of modernizing machinery and equipment over a short period of time.

[11] The government will save an estimated $900 million this year by targeting a "failing" and "antiquated" system that allows federal bureaucrats to bank their sick days.