Deloitte

Deloitte

March 07, 2011 08:00 ET

Deloitte Tax Specialists Available Across the Country for Pre-Budget Commentary

Breaking down the federal budget for Canadian businesses and individuals

TORONTO, ONTARIO--(Marketwire - March 7, 2011) - Senior leaders from Deloitte's tax practice are available to discuss what the 2011 Canadian federal budget means for both Canadian business and individuals—from a tax and general business perspective. Both national and regional specialists are available to provide insight on a wide range of tax, business and federal budget-related issues.

They are also able to comment on how the right tax policy must be in place to attract and retain world class talent, drive innovation, strengthen the competitiveness of Canadian companies, reduce Canada's growing productivity gap relative to major economies ― and in doing so, safeguard the long-term prosperity and stability of the Canadian economy.

Tax leaders from Deloitte will also be available in Ottawa on budget day (March 22, 2011) to provide media with commentary both during media lock-up (starting at noon EST) and when the media lock-up ends (starting at approximately 4:00pm EST).

Topics that Deloitte tax and business leaders will be available to discuss, include, but are not limited to:

Canada's debt and deficit

  • Canada's debt-to-GDP ratio
  • Getting back to a balanced budget
  • The GST as a source of government revenue

Tax rates

  • Need for a more globally competitive personal tax system
  • Reduction in corporate tax rates
  • Reduction in small business tax rates

Seniors and retirement savings

  • Creative ways to encourage Canadians to save for retirement
  • Proposed changes to the Canada Pension Plan
  • RRSPs
  • TFSAs

Canada's global competitiveness

  • Canada's growing productivity gap relative to major economies
  • HST places Canadian businesses on a level playing field internationally
  • Focused immigration will help drive innovation and entrepreneurship

Innovation and job creation

  • Refundable tax credits for all businesses that invest in R&D in Canada
  • Angel tax credits as a solution to financing early stage innovation
  • Green tax incentives that enhance productivity and are good for the environment

About Deloitte Canada's tax practice

Deloitte works with governments, industry, and clients around the world to contribute to well-functioning markets and economies. As Canada's largest tax practice, we are focused on understanding the key drivers of economic prosperity, including productivity, competitiveness, and innovation. We believe that tax policy is a powerful policy instrument, and as such, we are committed to fostering a public policy discussion with Canadians concerned with improving our nation's global competitiveness. For further information on Deloitte's tax practice, visit www.deloitte.ca and for further information on the firm's tax policy vision visit www.thefutureoftax.ca.

Deloitte provides a full suite of tax services to public and privately owned clients from 44 offices across Canada. Known for its industry-leadership, Deloitte's Canadian tax practice was named a 2011 tier one tax practice by the International Tax Review for the second consecutive year. With an integrated global tax practice operating in more than 150 countries, Deloitte delivers the best of both worlds: World-class capability and deep local knowledge to assist clients wherever they operate.

About Deloitte

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,600 people in 57 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

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