ARTICLE · 10 JUNE 2011

Federal Budget - 2011 Commentary Update

Crowe Soberman LLP

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On June 6, 2011, Finance Minister Jim Flaherty unveiled his first majority budget in the House of Commons.

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On June 6, 2011, Finance Minister Jim Flaherty unveiled his first majority budget in the House of Commons. As expected, the Conservative Government made little change to the original budget tabled on March 22, 2011 that was immediately dissolved due to the election.

With the reintroduction of the budget, the Conservative Government will move ahead with the same tax breaks, incentives and increased pension help for seniors that were previously presented before parliament. In addition, all tax measures will retain the March 22, 2011 implementation dates.

There was no change to corporate, personal or GST tax rates introduced in the March 22nd Budget. This remains true with the June 6th update.

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