TORONTO, March 8, 2012 — According to PwC, Budget 2012 is expected to put forth changes to Canada’s Economic Action Plan to address its current fiscal situation and to enhance economic growth and create jobs.
“This will be a transformational budget where the government will look to do things differently and be clear about its mandate,” says Roxanne Anderson, PwC’s Federal Public Sector former Leader. “Budget 2012 presents an opportunity for the government to make significant changes to spending, revenue generation, back office operations and how it will support research and innovation.”
According to Anderson, Budget 2012 should communicate the government’s strategies for cutting expenditures and adapting to economic changes. “Similar to running a smart and efficient business, the government will need to be clear about its plans for modernization, creating back-office efficiency and promoting growth.”
Nick Pantaleo, PwC’s Canadian National Tax Services Leader adds: “Canadian businesses will be looking for Budget 2012 to support investment opportunities at home and abroad. This includes staying the course on corporate tax cuts, modernizing the tax system to attract additional investment and stimulate exports and supporting Canadian innovation.”
PwC’s Budget 2012 recommendations include:
PwC has a team of specialists available for comment regarding the upcoming federal budget. Please contact Kiran Chauhan, (416) 947-8983, or David Rowney, (416) 365-8858, for more information.
PwC’s full letter of federal budget recommendations (http://www.pwc.com/ca/budget) are also available from the media contacts.
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