Need A Source? - Ontario Budget 2007: Are More Tax Cuts to Come?



    TORONTO, March 22 /CNW/ - On Thursday afternoon, Finance Minister Greg
Sorbara will deliver the Ontario Liberal's fourth budget. The Ontario budget
comes just three days after the release of the federal budget, one which
offered a host of tax changes. The Finance Minister, however, has indicated
his desire to proceed prudently, noting the slower than expected pace of the
province's economic growth. These comments raise a host of questions,
including:

    
    -   What are the consequences of not providing across the board personal
        tax relief?
    -   What are the consequences of not reducing business taxes - why should
        we care?
    -   Environment is now the number one issue on people's minds - what tax
        initiatives would promote environmentally friendly practices?
    

    Todd Miller, David Wentzell and Michael Friedman are tax lawyers with
McMillan Binch Mendelsohn LLP and are available to discuss the 2007 Ontario
budget and the government's future tax plans.
    Todd is a partner in the firm's Tax Group and has extensive experience
counseling clients on domestic and cross-border financing transactions,
securities offerings, mergers and acquisitions, and business divestitures.
Todd has also developed expertise in the areas of estate planning, employee
compensation, and the taxation of charities and other non-profit
organizations.
    David is a partner in the firm's Tax Group. David's areas of expertise
include the taxation of public and private investment funds and structured
products, business acquisitions, securities offerings, and pension and
retirement income plans.
    Michael is a partner in the firm's Tax Group and advises clients on a
broad range of domestic and international taxation matters. Michael has
extensive experience guiding the tax-efficient execution of domestic and cross
border corporate transactions and regularly assists clients in resolving
disputes with both the Canada Revenue Agency and the provincial revenue
authorities.





For further information:

For further information: or to arrange an interview please contact:
Laura Gatsos, Media Profile, (416) 504-8464, laura@mediaprofile.com

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McMillan LLP

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ONTARIO BUDGET 2007

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