Canada balances the books, first time in 8 years

Canada balances the books, first time in 8 years

Canada balances the books, first time in 8 years Canada’s federal government has revealed a balanced budget, the first for 8 years. The surprise $1.9 billion surplus for 2014-15 was expected to be a $2 billion deficit but the Finance Department said Monday that the budget was in the black a year earlier than predicted. Personal and corporate tax revenues were the largest driver behind the $3.9 billion swing.