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Federal Budget Commentary


Richard Weber on February 12, 2014 in Economic Outlook

2014 Federal Budget Commentary

Finance Minister Jim Flaherty released the 2014 budget on February 11th and mainly focused on balancing budgets, job creation and growth. He is projecting a decline to the deficit of $2.9 billion for 2014/2015 and a surplus of $6.4 billion for 2015/2016.

While there are no major changes/benefits to the taxpayer, there is still focus on closing tax loopholes.

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We would be happy to discuss how the proposed budget affects your business.

For further information, please contact .(JavaScript must be enabled to view this email address), Tax Principal at (905) 633-6332 or .(JavaScript must be enabled to view this email address), Tax Manager at (905) 633-6335.