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ARTICLE · 12 FEBRUARY 2014

Budget 2014: Fiscal Integrity As A Work In Progress

Gowling WLG
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Minister of Finance Flaherty takes pride in the integrity measures he has introduced since 2006. Last year, Budget 2013 touted over 75 measures aimed at improving integrity and closing tax loopholes

CanadaTax
Pierre Alary
Pierre Alary
Esther Bergh
Esther Bergh
Michael Bussmann
Michael Bussmann
Gary Edwards
Gary Edwards
Laura Gheorghiu
Laura Gheorghiu
Serge Gloutnay
Serge Gloutnay
Marc-André Godard
Marc-André Godard
Ash Gupta
Ash Gupta
Jennifer Hanna
Jennifer Hanna
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Minister of Finance Flaherty takes pride in the integrity measures he has introduced since 2006. Last year, Budget 2013 touted over 75 measures aimed at improving integrity and 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 these measures in Budget 2011 were estimated to be over $8-billion, the estimate for Budget 2014 measures is less than $1.8 billion, with most of that

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