Federal Minister of Finance James M. Flaherty delivered the Conservative government’s Federal budget on March 4, 2010. Budget 2010 continues to build on last year’s Economic Action Plan with a focus on creating jobs and growth, sustaining the nation’s economic advantages and planning to return to a balanced budget.

No new personal or corporate income tax rate changes have been announced in this year’s Budget and the Government reiterates its commitment to have the lowest corporate income tax rate in the G7 by 2012. The Budget proposals also address the progress of a number of corporate tax measures announced in prior years.

Please, view highlights of the key tax measures announced in Budget 2010.

 If you would like more information please feel free to contact your local MNP advisor.