Canada Federal Budget...should be Interesting.

Some of the highlights:

- Total spending of $278.7 billion (includes $33 billion in debt payments), up one per cent from 2010-11.

- Total debt of $586 billion, up $29.6 billion from 2010-11.

- Projected deficit of $29.6 billion, with plans to balance the budget by 2015-16.

- $400 million to extend the ecoENERGY Retrofit-Homes program for one year. The program offers rebates to help make homes more energy efficient.

- A new top-up benefit of up to $600 for single, low-income seniors and up to $840 for couples through the Guaranteed Income Supplement. Expected to cost more than $300 million. (works out o $1.20 a day or 36.00 a month)

- A new Family Caregiver Tax Credit which would save about $300 a year for people caring for sick or disabled relatives.

- A new 15 per cent Children's Arts Tax Credit for children's arts, culture, recreation and developmental activities which would save parents about $75 a year per child.

- A new initiative to attract health-care workers to rural and remote communities by forgiving up to $40,000 in student loans for doctors and $20,000 for nurses.

- A temporary Hiring Credit for Small Business of up to $1,000 against the increase in 2011 EI premiums to encourage hiring.

- Legislation to make the $2-billion Gas Tax Fund permanent to provide predictable infrastructure funding for municipalities.

Read it on Global News: Federal Budget 2011 | Balancing Act | Liveblog live blogging | Global News

The Liberals have said they won't support the budget...waiting on the NDP to see what they think.