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Table of Contents

• Foreword
• Chapter 1: Protecting Our Recovery by Finishing the Fight Against COVID-19
  • 1.1 A World-leading Vaccine Campaign
  • 1.2 Continuing to Keep Canadians Safe from COVID-19
    • Protecting Lives and Protecting Our Economy
    • Clean and Healthy Indoor Air
    • Ending Harassment of Health Care Workers and Patients
    • Paid Sick Leave for Workers
    • International COVID-19 Response
  • 1.3 Supporting Canadians and Canadian Businesses Through the Recovery
    • Support for Workers
    • Support for Businesses
• Chapter 2: The Road to Recovery
  • 2.1 A Strong and Inclusive Economic Recovery
    • Safe and Steady Reopening of the Canadian Economy
    • Canada’s Economic Recovery Is Well on Track
    • Canada Exceeded its Goal of Creating One Million Jobs
    • Conditions Are Improving for Vulnerable Workers
    • Labour Market Recovery is Progressing
    • Ongoing Recovery Accompanied by Strong Demand for Workers
    • Canada is Managing Labour Market Demands Better Than Most
  • 2.2 Challenges Ahead: Global Inflation, Supply Chain Disruptions, COVID-19 Variants, and Other Uncertainties
    • Elevated Inflation is a Global Phenomenon
    • Global Supply Chain Issues Contributing to Price Increases
    • Federal Investments to Help Canadians Afford the Cost of Living
  • 2.3 The Medium-Term Outlook Remains Encouraging
    • Economists Expect Solid Growth in Economic Activity
    • Growth Projections Broadly in Line with Budget 2021
    • Tailwinds and Headwinds for Growth
• Chapter 3: Fiscal Update: A Responsible Fiscal Plan
  • 3.1 Fiscal Outlook
    • Unwinding COVID-related Deficits and Creating Jobs and Growth
    • Preserving Canada’s Low Debt Advantage
    • Federal Initiatives Have Supported the Economy and Provincial and Territorial Finances
• Annex 1: Details of Economic and Fiscal Projections
  • Economic Projections
  • Fiscal Projections
    • Changes to the Fiscal Outlook since Budget 2021
    • Economic and Fiscal Developments since Budget 2021
    • Summary Statement of Transactions
    • Outlook for Budgetary Revenues
    • Outlook for Program Expenses
    • Financial Source/Requirement
    • Alternative Economic Scenarios
    • Slower Recovery Scenario
    • Faster Recovery Scenario
  • Supplementary Information
    • Sensitivity of Fiscal Projections to Economic Shocks
    • Policy Actions Taken since the 2021 Budget
  • Canada’s COVID-19 Economic Response Plan
• Annex 2: Update on the 2021-22 Debt Management Strategy
  • Introduction
  • Adjustments to the 2021-22 Borrowing Plan
  • Green Bonds
• Annex 3: Tax Measures – Supplementary Information
  • Enhanced Support for Teachers
  • Small Businesses Air Quality Improvement Tax Credit
    • Tax Credit Rate and Limits
    • Eligible Entities
    • Qualifying Expenditures
    • Qualifying Locations
    • Timing
  • Returning the proceeds from the price on pollution directly to farmers
    • Eligible Farming Businesses
    • Credit Determination
    • Eligible Farming Expenses
    • Payment Rates
  • Underused Housing Tax