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ARTICLE · 27 FEBRUARY 2008

Canada´s 2008 Budget Tabled! - February 26, 2008

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Canada's Minister of Finance Jim Flaherty today tabled the federal government's spring budget describing it as "prudent, disciplined and realistic" and "focused on preparing Canada and Canadians for the challenges ahead".

CanadaTax
BLG'S National Tax Group
BLG'S National Tax Group
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Canada's Minister of Finance Jim Flaherty today tabled the federal government's spring budget describing it as "prudent, disciplined and realistic" and "focused on preparing Canada and Canadians for the challenges ahead".

No new tax cuts were announced. However, the Minister reaffirmed the government's commitment contained in the October 30, 2007 Economic Statement to its long-term plan to reduce federal corporate tax to 15% by 2012 saying "this bold initiative will give Canada the lowest overall tax rate on new business investment in the G7 by 2010". The goal is to achieve a combined Canadian federal-provincial corporate tax rate of 25% by 2012.

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