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ARTICLE · 10 MARCH 2014

Budget 2014: Expanded CCA Eligibility For The Green Energy Industry

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On February 11, 2014 Minister of Finance Jim Flaherty delivered his 10th federal budget.

CanadaTax
Timothy Wach
Timothy Wach
Laura Monteith
Laura Monteith
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On February 11, 2014 Minister of Finance Jim Flaherty delivered his 10th federal budget ("Budget 2014").  In his 2013 budget Minister Flaherty stated that since 2006 he has introduced over 75 "integrity and fairness" measures aimed at closing tax loopholes. This is not a big surprise from the Minister who took the heat for closing down income funds almost a decade ago.

True to form, Minister Flaherty's Budget 2014 continues the pursuit of fiscal integrity. The scale of the integrity and fairness measures introduced by the Government of Canada since 2010 is significant. The total fiscal savings for all of these proposals from the 2010-2011 fiscal year to the 2018-2019 fiscal year is estimated to exceed $23 billion. The Minister of Finance's fiscal savings estimates also provide a good indication of the slower pace of integrity measures in Budget 2014. While savings from integrity measures in Budget 2011 were estimated to be over $8 billion, the estimate for Budget

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