ARTICLE · 15 MAY 2006

Canada´s Federal Budget 2006

Dentons Canada LLP

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The new Canadian Conservative government presented its first national Budget on May 2, 2006. The balanced budget provides for tax cuts, focused spending and debt paydown centered around the themes of accountability, opportunity, families and communities and security.

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This annual publication was produced jointly by the FMC Public Policy and Taxation practice groups.

The new Canadian Conservative government presented its first national Budget on May 2, 2006. The balanced budget provides for tax cuts, focused spending and debt paydown centered around the themes of accountability, opportunity, families and communities and security. Budget 2006 also provides a framework for discussion regarding the fiscal balance in Canada (the revenue generating capacities of the federal versus provincial governments).

For a general overview of the budget please click here.

Income Tax Analysis

Several of the Firm's tax lawyers are on the Editorial Board of the CCH Canadian Tax Reporter and even more are involved in writing the CCH income tax commentary in the Reporter. FMC's tax lawyers worked with CCH in the Budget lockup and following to produce the CCH Budget commentary on the Budget's income tax measures.

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