Last update images today Federal Government Examples In Canada
![federal government examples in canada <h3 class=](https://assets.ey.com/content/dam/ey-sites/ey-com/en_ca/topics/tax/budgets-2024/ey-federal-budget-2024-hero.jpg)
To suggest the Metropolitan Division has been busy this summer might be a bit of an understatement.
The Washington Capitals continued their aggressive offseason by trading for Jakob Chychrun, signing Brandon Duhaime and signing Matt Roy. The New Jersey Devils signed Brenden Dillon and Brett Pesce after trading for Jacob Markstrom. The Columbus Blue Jackets reunited Johnny Gaudreau with his former Calgary Flames teammate Sean Monahan. The New York Islanders signed Anthony Duclair in free agency, while Matvei Michkov signed his entry-level contract with the Philadelphia Flyers.
The Pittsburgh Penguins and New York Rangers got in on the action on Monday. The Penguins traded forward Reilly Smith to the Rangers, in exchange for a 2025 conditional fifth-round pick and a second-round pick in 2027. The Penguins will retain 25% of Smith's salary, while the 2025 pick will be the worse one owned by the Rangers and Minnesota Wild.
Which GM did better in the swap? Here are our grades for both teams.
New York Rangers Grade: BFor the Rangers, this was about making an addition to their roster, with the caveat they still have other financial considerations to make now and in the future.
The Rangers' championship window is open, and they are about to reach that stage in which cap space becomes even more difficult to manage. Both Ryan Lindgren and Braden Schneider are restricted free agents this summer, which meant there was some, but not much, flexibility.
Next offseason gets more difficult, when the Rangers have seven RFAs, including Kaapo Kakko, Alexis Lafreniere and K'Andre Miller. That's also the same offseason in which Igor Shesterkin will be an unrestricted free agent.
It's what made going after Smith a bit of a responsible play. He has one year left on his contract before he hits the open market, and his salary cap hit fits within what the Rangers can achieve now. He also has extensive postseason experience from his time with the Golden Knights.
For Smith's career, he has 26 goals and 79 assists in 106 playoff games. But he just had his lowest regular-season output -- 13 goals and 40 points in 76 -- since the 2014-15 season, when he replicated those exact numbers.
The Rangers hope that Smith can boost the secondary scoring output in the postseason, but didn't have to pay up too much in order to do so.
Pittsburgh Penguins Grade: BTrading for Kevin Hayes during the draft created questions about who could potentially be leaving the Penguins, and the answer became Smith.
Hayes gives the Penguins another center, adding to Sidney Crosby, Evgeni Malkin, and Lars Eller. They have proven top-six wingers such as Michael Bunting, Rickard Rakell and Bryan Rust, and Drew O'Connor scored just seven fewer points than Smith at a fraction of the price ($925,000).
So why hold onto a player with a $5 million cap hit in the last year of his deal when you could move him, free up some salary cap space and receive some draft capital in return?
Retaining 25% of Smith's salary means they'll have an extra $1.25 million on their books in addition to what they already have with retaining part of Jeff Petry's salary. Overall, it leaves the Penguins with $2.812 million in dead cap hit on their books.
CapFriendly projects the Penguins now have $6.924 million in salary cap space, which means there's still room for them to make some additions either in the coming days or at some point before training camp starts.
It's possible that having those extra funds available could prove useful either in the preseason or ahead of the trade deadline, as the Penguins were just three points out of the final Eastern Conference wild-card spot last season.
![Ey Federal Budget 2024 Hero](https://assets.ey.com/content/dam/ey-sites/ey-com/en_ca/topics/tax/budgets-2024/ey-federal-budget-2024-hero.jpg)
![New Canadian Laws ?format=auto&width=1080](https://dpdajlq3ew794.cloudfront.net/20231206135607/new-Canadian-laws.jpg?format=auto&width=1080)
![Understanding Canadas 2024 Tax Reforms Key Changes And Impacts](https://paycheckguru.com/wp-content/uploads/2024/01/Understanding-Canadas-2024-Tax-Reforms-Key-Changes-and-Impacts.png)
![Federal Budget Submission 2024 610x415](https://maytree.com/wp-content/uploads/Federal_Budget_submission_2024_610x415.png)
![Overview Of Canadian Government Spending By Function 2023 Best 622x1024](https://topforeignstocks.com/wp-content/uploads/2024/01/Overview-of-Canadian-Government-Spending-by-Function-2023-Best-622x1024.png)
![3b3cdb0d 3483 4b2c A245 9ff431f3eb82 2048x2048](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https://substack-post-media.s3.amazonaws.com/public/images/3b3cdb0d-3483-4b2c-a245-9ff431f3eb82_2048x2048.png)
![Hqdefault](https://i.ytimg.com/vi/0WgNQS3AUrc/hqdefault.jpg)
![Freeland Presentling 2023 Budget](https://www.morningstar.co.uk/static/UploadManager/Assets/Freeland Presentling 2023 Budget.jpg)
![Copy Of Add A Heading 1](https://www.achenhenderson.ca/wp-content/uploads/Copy-of-Add-a-heading-1.jpg)
![Fedbudget Yellow](https://cdn.millerthomson.com/wp-content/uploads/2022/04/fedbudget_yellow.jpg)
![24 Facts For 2024—Canadians Should Understand Impact Of Government Policies Fraser Institute 3](https://energynow.ca/wp-content/uploads/2024/01/24-Facts-for-2024—Canadians-Should-Understand-Impact-of-Government-Policies-Fraser-Institute-3.jpg)
![February.09.2024.UCC Submission Federal Budget Page 1 768x598](https://www.ucc.ca/wp-content/uploads/2024/03/February.09.2024.UCC-Submission-Federal-Budget_Page_1-768x598.png)
![2023 Budget 4x2](https://engineerscanada.ca/sites/default/files/2023-08/2023-budget-4x2.png)
![Maxresdefault](https://i.ytimg.com/vi/1dMA-JV1JNY/maxresdefault.jpg)
![BUDGET 2023](https://canada.coop/wp-content/uploads/BUDGET-2023.png)
![104642925 1564671243133preview](https://myschoolscholarships.org/wp-content/uploads/2023/04/104642925-1564671243133preview.jpg)
![Government Of Canada Logo 768x201](https://theshoreline.ca/wp/wp-content/uploads/2023/10/Government-of-Canada-logo-768x201.jpg)
![New Laws And Regulations Coming To Canada In 2024 And How They Will Affect You Orig](https://www.1bsf.com/uploads/2/4/7/2/24728368/new-laws-and-regulations-coming-to-canada-in-2024-and-how-they-will-affect-you_orig.png)
![Federal Budget 2023](https://hughstephensblog.files.wordpress.com/2023/04/federal-budget-2023.jpg)
![GC Fundedby EN](https://phecanada.ca/sites/default/files/content/images/Logos/GC_Fundedby_EN.png)
![NS 2 1024x576](https://www.mentorworks.ca/wp-content/uploads/2023/03/NS-2-1024x576.jpg)
![1613868313 7wsOJxoX 1a4abfbd0ba797a2a89e759f461917a48f35b5cb](https://cbmpress.sfo2.digitaloceanspaces.com/vlocal/1613868313_7wsOJxoX_1a4abfbd0ba797a2a89e759f461917a48f35b5cb.png)
![Federal Budget Composite ?h=1081&iar=0&w=1921&revision=,4611686018427387904&hash=B82594A141C4488ABB08C2CD01B47201](https://www.nortonrosefulbright.com/-/media/images/nrf/thought-leadership/canada/publications/federal-budget-composite.png?h=1081&iar=0&w=1921&revision=,4611686018427387904&hash=B82594A141C4488ABB08C2CD01B47201)
![6ae612 F9fa8211b1ab4c97ae470dfce916be75~mv2](https://static.wixstatic.com/media/6ae612_f9fa8211b1ab4c97ae470dfce916be75~mv2.png/v1/fill/w_595,h_300,al_c,lg_1,q_85/6ae612_f9fa8211b1ab4c97ae470dfce916be75~mv2.png)
![The Government Of Canada Announced The Budget 2023 2](https://cougarimmi.com/wp-content/uploads/2023/03/The-Government-of-Canada-announced-the-Budget-2023-2.jpg)
![1140432195 Featured Image 1548x1032 Dec 12 2022?ext= ?width=1548&height=1032&ext=](https://www.blakes.com/getmedia/4e6cc883-aae8-4c39-920d-41bf066be806/1140432195-Featured-Image-1548x1032-Dec-12-2022?ext=.jpg?width=1548&height=1032&ext=.jpg)
![GOVT 2305 Government Structures Of Government By Country Chart July 2017 Update E15003233557493](https://assets.coursehero.com/study-guides/lumen/images/americangovernment/introduction-3/GOVT-2305-Government-Structures-of-Government-by-Country-Chart-July-2017-update-e15003233557493.png)
![Hq720 ?sqp= OaymwEcCNAFEJQDSFXyq4qpAw4IARUAAIhCGAFwAcABBg==&rs=AOn4CLAlCWQLiCxE7 K32t 7FDYq65PyDQ](https://i.ytimg.com/vi/xsRJwN_kfj8/hq720.jpg?sqp=-oaymwEcCNAFEJQDSFXyq4qpAw4IARUAAIhCGAFwAcABBg==&rs=AOn4CLAlCWQLiCxE7_K32t-7FDYq65PyDQ)
![Maxresdefault](https://i.ytimg.com/vi/JT4SlqEJWyI/maxresdefault.jpg)
![Federal Government Parliament Of Canada Ottawa 2](https://media-cdn.socastsrm.com/wordpress/wp-content/blogs.dir/900/files/2023/03/federal-government-parliament-of-canada-ottawa-2.jpg)
![Government Of Canada Postdoctoral Research Program 2022](https://memenaija.com/wp-content/uploads/2022/12/Government-Of-Canada-Postdoctoral-Research-Program-2022.png)
![Canada Politics Feb 2023](https://researchco.ca/wp-content/uploads/2023/02/canada-politics-feb-2023.jpeg)
![Maxresdefault](https://i.ytimg.com/vi/nke53FqoF_4/maxresdefault.jpg)