Media Advisory - Certified Management Accountants of Canada (CMA Canada) to Comment on Federal Budget



    OTTAWA, March 16 /CNW/ - CMA Canada Vice-Chair and federal budget analyst
Michael Tinkler, CMA, FCMA, will be available to comment on the federal budget
upon its release on Monday March 19, 2007.
    In its pre-budget submission "Building a Competitive Canada," CMA Canada
called on the government to:
    

    - Raise the lifetime capital gains exemption to $1 million from
     $500,000 as an incentive for business investment and expansion;
    - Enhance the Scientific Research and Experimental Development Tax Credit
     (SR&ED) with expanded refundability and cost eligibility provisions;
    - Further increase the small business tax rate threshold from $400,000 to
      $500,000, encouraging small business owners to reinvest in their own
      businesses, including ICT investment.
    - Establish a special capital cost allowance (CCA) rate in information
      and communications technology (ICT) to encourage businesses to invest
      more in ICT and make them more competitive;
    - Provide a refundable 150% investment tax credit up to $10,000 per
      worker per year to encourage businesses to have workers upgrade their
      ICT skills and increase competitiveness.
    - Create a fellowship program that provides work experience and
      scholarships to students at the undergraduate, graduate and post
      doctorate levels; promotes mentoring and exchanges between industry and
      post-secondary faculty and funds research chairs in fields linked to
      innovation.
    

    With more than 38,000 certified members around the world, CMA Canada
grants a professional designation in strategic management accounting(TM). It
is responsible for standards-setting, accreditation and the continuing
professional development of CMAs.




For further information:

For further information: To arrange to speak with Mr. Tinkler please
contact: Nicolas Todd, Bluesky Strategy Group (for CMA Canada), (613)
241-3512, x 227, Cell: (613) 255-1478 (budget day),
nicolas@blueskystrategygroup.com; Stuart McCarthy, Bluesky Strategy Group (for
CMA Canada), (613) 241-3512, ext. 229, Cell: (613) 762-4321, (budget day),
stuart@blueskystrategygroup.com

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Certified Management Accountants

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FEDERAL BUDGET REACTION 2007

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