Federal budget sets course to address long-term issues, says CGA-Canada

~ 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 (CGA-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:

Taylore Ashlie
Director, Communications
Cellular: 604-307-0212
Email: tashlie@cga-canada.org

Stephanie Thatcher
Senior Communications Advisor
Telephone: 604-694-6700
Email: sthatcher@cga-canada.org

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