Budget provides conditions for stimulus and investment, Certified General Accountants Association of Canada says

    OTTAWA, Jan. 27 /CNW/ - Measures included in Budget 2009 aimed at
stimulating growth, business and consumer confidence are good news for the
Canadian economy, says the Certified General Accountants Association of Canada
(CGA-Canada). The budget acknowledges that Canada is caught in a global
recession and key measures ought to address Canadians' short-term needs,
particularly those of consumers and workers.
    "CGA-Canada believes this budget provides the necessary support for
economic stimulus and job creation," said Anthony Ariganello, President and
Chief Executive Officer of CGA-Canada. "We are pleased to see measures that
will support those Canadians most affected by the economic downturn by helping
them to weather and recover from this economic storm. Measures such as
personal tax relief and extended Employment Insurance benefits will put more
money in their hands at this crucial time. The Canadian Skills and Transition
Strategy is important to ensure that when Canada emerges from this recession,
it has a skilled and knowledgeable workforce."
    CGA-Canada also welcomes the Extraordinary Financing Framework, which is
designed to provide businesses with needed access to financing. Such measures
are essential to creating economic opportunities. CGA-Canada also agrees with
other measures being introduced to complement these fundamentals, such as $7.8
billion for housing construction, renovations and eco retrofits, as well as
$12 billion for infrastructure projects.
    "Through this budget the federal government acknowledges that it must not
only create the conditions for investment, but also provide for direct
investment opportunities," said Ariganello. "First, improving access to
financing is essential to create the conditions for growth. Second, key direct
investments are essential to get Canadians and the economy back to work. We
believe this budget meets these criteria.
    "At the same time the government must ensure measures taken do not
compromise our future. We will ensure the government remains committed to long
term sustainability and that at the earliest opportunity there is a return to
core principals of balanced budgets and deficit repayment schedules," added

    About CGA-Canada

    CGA is the fastest-growing accounting designation in Canada. The CGA
designation focuses on integrity, ethics and the highest education
requirements. Recognized as the country's accounting business leaders, CGAs
provide strategic counsel, financial leadership and overall direction to all
sectors of the Canadian economy.
    The Association sets standards, develops education programs, publishes
professional materials, advocates on public policy issues, and represents CGAs
nationally and internationally. The Certified General Accountants Association
of Canada represents 71,000 CGAs and students in Canada, Bermuda, the
Caribbean, Hong Kong, and China.

For further information:

For further information: Taylore Ashlie, Director, Communications,
CGA-Canada, Telephone: (604) 605-5055, Cell: (604) 307-0212, Email:

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