OTTAWA, Feb. 21 /CNW/ - The Certified General Accountants Association of
Canada (CGA-Canada) will have two experts available on February 26, 2008,
after 4:00 ET, to comment on the 2008 Federal Budget.
There are several factors that point to the fact that Canadians can
expect to see a leaner budget this year when federal Finance Minister Jim
Flaherty tables his third budget on February 26. In this context of
slower-than-anticipated economic growth, CGA-Canada recommends the federal
government take the following measures:
- Strictly adhere to the fiscal fundamentals -
- Bring program spending growth down to a level equal or less
than economic growth;
- Introduce a new and accelerated schedule for debt reduction;
- Maintain the $3 billion annual contingency reserve fund.
- Streamline Canada's taxation system so that it is simple,
transparent and fair;
- Commit to more effective and efficient regulation through an
ongoing pledge to reduce the red tape and paper burden; and
- Bring in further tax measures to encourage growth and investment,
raise productivity and therefore stimulate the economy.
On budget day, view CGA-Canada's federal budget analysis at
Available for comment:
- Bob Harvey, FCGA, Chair of CGA-Canada's Tax and Fiscal Policy
Committee will be available for English media queries.
- Sylvain Moreau, CGA, Member of CGA-Canada's Tax and Fiscal Policy
Committee will be available for French media queries.
CGA is the fastest-growing accounting designation in Canada. The CGA
designation focuses on integrity, ethics and the highest education
requirements. Recognized as the country's accounting business leaders, CGAs
provide strategic counsel, financial leadership, and overall direction to all
sectors of the Canadian economy.
The Association sets standards, develops education programs, publishes
professional materials, advocates on public policy issues, and represents CGAs
nationally and internationally. The Certified General Accountants Association
of Canada represents 68,000 CGAs and students in Canada, Bermuda, the
Caribbean, Hong Kong, and China.
For further information:
For further information: To arrange an interview contact: Taylore
Ashlie, Director, Communications, CGA-Canada, Telephone: (604) 605-5055, Cell:
(604) 307-0212, Email: email@example.com, www.cga.org/canada