~ CGA-Canada Responds to Federal Budget 2011~
CGA-Canada's complete federal budget analysis is available online, including tax and fiscal highlights, and contacts
for CGA-Canada's federal budget experts.
OTTAWA, June 6, 2011 /CNW/ - With the promise to end the deficit one
year earlier without raising taxes or cutting assistance to families,
education and health, and an acknowledgement of the long-term issues
ahead, there's much to like in today's largely unchanged federal
budget, says the Certified General Accountants Association of Canada
"Overall, we're happy with today's federal budget because many -
including families, seniors and small businesses - will benefit from
the measures announced today, and we see the government beginning to
shift its focus to the longer term," says Anthony Ariganello, President
and CEO of CGA-Canada. "We'll be watching for action over the coming
months to deliver on election promises and get to work on the important
issues facing the country."
In particular, CGA-Canada looks forward to the swift restart of the Red
Tape Reduction Commission and working with them to simplify the web of
regulations, compliance and rules currently impacting small business.
The association also renews its call for a comprehensive tax
simplification initiative, to secure the tax base and help ensure
deficit targets are met.
"We would have liked to see a major initiative to address tax
simplification but believe some progress can be made through the Red
Tape Reduction Commission," continues Ariganello. "With a majority
Parliament, work can and should be started quickly, to clear the
backlog of hundreds of tax proposals. Taxpayers - whether businesses,
individuals or families - need predictability."
In both the throne speech and the budget, the government acknowledges
the challenges of an aging demographic. CGA-Canada supports moving
forward from this budget and starting the hard work of addressing the
big issues around healthcare, ensuring there is a skilled workforce to
support Canadian businesses, and closing the retirement income gap.
Founded in 1908, the Certified General Accountants Association of Canada
serves 75,000 Certified General Accountants and students in Canada and
more than 90 countries. Respected accounting and financial management
professionals, CGAs work in industry, finance, government and public
practice. CGA-Canada establishes the designation's certification
requirements and professional standards, offers professional
development, conducts research and advocacy, and represents CGAs
nationally and internationally.
For further information:
Senior Communications Advisor