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Tax Facts Read Our Commentary on the 2010 Federal Budget
In the afterglow of the Vancouver Olympics, federal Finance Minister Jim Flaherty mounted a podium in the House of Commons on Thursday, March 4, to table his fifth Budget. The Minister described the Budget as a “jobs and growth budget” that completes the government’s Economic Action Plan announced last January and “will help solidify Canada’s economic recovery and sustain our economic advantage now and for the future.”
The Budget projects a federal budgetary deficit of $53.8 billion in fiscal 2009-10 and a further $49.2 billion in 2010-11, but sharp declines thereafter leading to a deficit of only $1.8 billion in 2014-15. This outlook reflects the government’s confidence in longer-term economic recovery as well as the intention to move away from stimulus spending to fiscal restraint, the Minister said. He also forecast that Canada would return to balanced budget status before any other G7 country.
While the Budget does not propose major fiscal policy shifts, it contains a number of fairly significant tax-related measures. Download your copy of our commentary, which distills the budget into a short concise summary of measures of interest to Atlantic Canadians, by clicking here. Tax Facts & Figures 2009 Now Available!  Tax Facts & Figures 2009 is an informative summary of various tax rates, deduction amounts, etc for personal and corporate taxpayers located in the four Atlantic provinces. Feel free to contact us to discuss any matters which might require further information..
Tax Tips and Traps Tax Tips and Traps is an easy to read, thought provoking, unique newsletter offering insight on recent developments on a broad range of income tax issues which we believe will be of interest to our clients and our business colleagues. We encourage you to read the newsletter and to reflect on whether the various issues may impact you and your businesses. Feel free to contact us to discuss any matters which might require further information.
You may download and print a copy of the newsletter for your files and for internal use within your organization. However, our arrangements with the publisher prevent further redistribution of the newsletter.
Click here for the most current issue.
Earlier Issues:
The AC Group provides a regular update on current developments in Canadian standards which impact on their clients and the professional services they receive from AC Group firms. While intended for internal distribution within our firms, these newsletters provide a timely and informative update for clients and associates who will be impacted by the information. In addition to discussing current and future changes, each newsletter is sure to provide some useful editorial commentary on their impact (with sometimes even a sardonic twist!). Accounting Standards: Click here for the most current issue. Assurance Standards Click here for the most current issue. Earlier Issues: Click here
The AC Group is committed to taking an active role in standard-setting for the Canadian business environment, especially in areas which affect small to medium sized business located throughout Atlantic Canada. Accordingly, the Group's member firms have adopted a policy of responding to requests for comments on matters under consideration by the various standard-setting bodies of the CICA Studies and Standards Group.
The following are recent responses that have been submitted in response to documents distributed for review. Submission to Independence Task Force Consultation Paper on Independence July 2010 (View) |
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