Federal Finance Minister Bill Morneau’s budget provides more details about the government’s infrastructure spending and plans for innovation while avoiding major tax changes.

(Justin Tang / Canada Press)

It revises the deficit for the year just ended, rising slightly to $23-billion and predicts a deficit for the coming year of $28.5-billion.

Other highlights:

—  Higher deficits for next three years falling to $18.8-billion in 2021-22

 

—  $11.2-billion over 11 years for housing, already budgeted, will go toward a housing strategy

—  $7-billion over 10 years, already budgeted, for new day care spaces starting in 2018-19

—  New care-giving benefit up to 15 weeks, starting next year

—  Option to extend parental leave up to 18 months

—  New agency to research and measure skills development

—  $950-million over 5 years to support business-led ”superclusters”

—  $400-million over 3 years for a new venture capital catalyst initiative

—  GST to be collected on ride-sharing services like Uber

—  Another penny more tax on a bottle of wine, 5-cents on 24-case of beer

—  Canada Savings Bond program, established in 1946, being phased out

—  15% public transit tax credit for commuters who buy transit pass being eliminated July 1