Media Advisory - Canada's Chartered Accountants available for comment on upcoming Federal Budget

    TORONTO, Feb. 21 /CNW/ - Chartered Accountants are internationally
recognized as Canada's leading accounting designation. Senior officials with
the Canadian Institute of Chartered Accountants (CICA) including Kevin Dancey,
FCA, President and CEO and Doug Baker, FCA, Vice-Chair, will be available in
Ottawa on Tuesday, February 26, 2008 to comment on the federal budget
immediately after "lock-up". Experienced CAs will be able to provide analysis
of the budget and its impact on Canadians.
    In its pre-budget submission "Tax Priorities for Canada," the CICA called
on the government to:

    -   Reduce the general corporate income tax rate to the small business
    -   Aggressively pursue sales tax harmonization with the provinces with
        the provision of financial incentives for early action.
    -   Accelerate the pace of reducing the debt (accumulated deficit) so
        that a debt-to-GDP ratio of 20 per cent is reached by 2013/2014. In
        order to achieve this goal, minimum annual debt payments must be
        increased to $5 billion from $3 billion.
    -   Establish a framework under which overall program spending in all
        categories does not rise at a rate faster than the rate of inflation
        (adjusted for population growth).
    -   Continue to adjust capital cost allowance rates to better correspond
        to the economic life of the asset.

    More details on the pre-budget submission are available on the
Institute's web site (

    To pre-arrange an interview please contact: John Struthers at
613-761-3106 or

For further information:

For further information: Tobin Lambie, Manager, Media with the CICA at
(416) 204-3228 or

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