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2010 Federal Budget

Friday, March 12, 2010

On Thursday, March 4, 2010, Federal Finance Minister Jim Flaherty delivered his fifth budget since assuming the finance portfolio. Although it completes the government’s tax relief and spending provisions announced in last January’s “Economic Action Plan” to help stimulate the economy, it is a more restrained Budget than the past few years. The Budget contains no major surprises or significant shifts in government economic or fiscal policy. Specifically, it does not propose to raise taxes or cut major transfers for health care, education or pensioners. Instead, the Budget relies on cuts to defense spending and foreign aid, along with future departmental spending freezes, to attempt to reduce the deficit by 2015. - Read More

2010 B.C. Budget

The B.C. Government released its Provincial Budget on Tuesday, March 2, 2010. In its first post-Olympic Budget, the Province will run a slightly smaller deficit than the previous year’s forecast. There were no major surprises as the government continues to focus on fiscal restraint, with minimal increases for Ministries outside of the Ministry of Health. The following is a summary of the income tax measures contained in the Budget. - Read More

Review vs. audited financial statements, “What is the Difference?”

Sunday, March 01, 2009

Have you been asked by your bank or other creditors for a review or an audit of your company’s financial statements and you need to understand the difference between the two? We will try to explain the difference so that you have a greater understanding of the level of assurance that your accountant can provide. - Read More