OTTAWA, ONTARIO--(Marketwire - June 6, 2011) - Deloitte's tax leaders commend the federal government for staying the course on planned corporate tax rate reductions. Nonetheless, Deloitte believes that the budget did not adequately address Canada's competitiveness nor help to cultivate a stronger knowledge economy. Deloitte would like to see the following in the 2012-2013 federal budget:
- A more globally competitive personal tax system
- A focused immigration strategy
- Policies to attract world-class research and development
- Incentives to encourage investment in early stage, innovation-industry development
Commenting on the federal budget, Andrew W. Dunn, Deloitte's Managing Partner of Tax, said: "Today's budget further cultivates Canada's position as an attractive business destination for global enterprise. By choosing to proceed with planned corporate tax rate reductions, the government sends a signal that Canada is friendly to investment — both foreign and domestic."
To read the full, original article click on this link: Federal Budget: No New Tax Measures; Deloitte Calls for Continued Focus on Canada's Global Competitiveness
