PwC Federal Budget instant reaction: Small and medium sized businesses can
benefit from new Government innovation and technology program

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

Innovation by small businesses is an important part of the Canadian economy, employing five million people, which is roughly half of the Canadian workforce. These companies generally lack capital to promote their innovative technologies. As a result, the Federal Government brought forward new actions to support this group, including a Small and Medium-sized Enterprise Innovation Commercialization Program, a two year pilot to adopt new technologies for commercial enhancement.

A PwC Budget Flash with additional Budget highlights has been issued today followed by a detailed Budget Memo later this evening. 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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