What will the federal budget contain in 2013? In anticipation of the upcoming budget, PwC’s Marc Vanasse takes a look back at 2012 to examine the progress the federal government has made on its economic action plan. The federal government's plan was to grow our economy, provide high-quality jobs and have sound public finances. Marc also examines how Canada compares with other countries when it comes to paying taxes.
In 2012, as in previous years, the government used the federal budget to close down perceived loop holes, making the Canadian system a fairer system. The 2012 budget also revised several SR&ED tax rates affecting tax payers in a broad array of industries. In 212, the government also moved ahead outstanding tax matters, some of which have been in the works for 10 years.
Finally, Marc also examines what we can expect in 2013.
Watch the video to learn more.