PwC Federal Budget instant reaction: Federal Government moves ahead to
establish Canadian securities regulator for financial sector

TORONTO, March 4 /CNW/ - PwC tax specialists commented today:

As Canada's strong financial sector is a key component of its ongoing economic recovery, new measures were introduced today in an effort by the Government to help support the nation's competitive industry, these included:

    
    -  Ongoing commitment to establish a Canadian securities regulator within
       the next three years.

    -  Moving ahead with a Code of Conduct for the Credit and Debit Card
       Industry in Canada.

    -  Introduction of a legislative framework to enable credit unions to
       incorporate and continue federally, in an effort to promote the
       continued growth and competitiveness of the sector and enhance
       financial stability.
    

A PwC Budget Flash with additional Budget highlights has been issued today followed by a detailed Budget Memo. For more information and detailed commentary on the Budget please contact, Kiran Chauhan, kiran.chauhan@ca.pwc.com, 416-947-8983 or visit www.pwc.com/ca/budget.

About PricewaterhouseCoopers LLP

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 5,300 partners and staff in offices across the country.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.

SOURCE PwC

For further information: For further information: Kiran Chauhan, (416) 947-8983, kiran.chauhan@ca.pwc.com

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FEDERAL BUDGET 2010

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