News Archive: Federal Budget

“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

As a result of strong fiscal leadership, Canada is better positioned than most nations to meet current challenges such as slowing global growth and sovereign-debt issues in Europe and the United States. Yet, other challenges to prosperity exist, including productivity — we believe that sustained economic growth in Canada is impeded by our nation’s lagging productivity. Several factors cause this low productivity: risk aversion among business leaders, chronic under-investment in machinery and equipment, lack of risk capital for start-ups, sheltering of certain industry sectors, increased competition for global talent, and insufficient support for innovation. [Click on Logo to learn more]

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“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

2011 Federal Budget: PwC

The federal budget that Minister of Finance Jim Flaherty presented on March 22, 2011, may well be defeated when it comes before the House of Commons, triggering an election. Even so, many of its measures are likely to be re-introduced later. [Click on Logo to learn more]

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“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

“Federal Budget Announcement – 2011” Meyers Norris Penny LLP

The Government reiterated its commitment to Canada’s Economic Action Plan and introduced a new phase designed to secure its recovery and to improve the well-being of Canadians over the long term. To this end, the focus of this next phase will be supporting job creation, supporting families and communities, investing in innovation, education and training, and preserving Canada’s fiscal advantage. [Click on Logo to learn more]

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“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

Deloitte: 2011 Federal Budget Highlights

The Minister of Finance, James M. Flaherty, presented his 2011 budget in the House of Commons. He announced a projected deficit for 2010-2011 of $40.5 billion which is almost $9 billion less than was projected in budget 2010. The Federal debt to GDP ratio is projected to be just over 34%. [Click on Logo to learn more]

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“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

KPMG 2011 Federal Budget Highlights

Although there were no changes in the corporate, personal, or GST tax rates, the budget did include several measures to tighten the tax base, including the ending of partnership tax deferrals for corporate partners, new rules to restrict the exemption from capital gains tax on the donation of flow-through shares and new rules for individual pension plans and RRSP anti-avoidance rules. The budget also includes changes to the regulatory rules that apply to the charities sector. [Click on Logo to learn more]

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“Recommendations for the 2012 Federal Budget – Enhancing Prosperity through Increased National Competitiveness” Deloitte

BMO Capital Markets Economics: Federal Budget 2011 Highlights

Ottawa’s budget deficit is projected at $29.6 billion for FY2011-12, in line with the forecast in the October 2010 Update ($29.8 billion). However, before any new budget measures, the shortfall would have been $27.8 billion, owing mostly to upgraded revenue growth. [Click on Logo to learn more]

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