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SOURCE KPMG LLP
KPMG sheds light on budget day impacts
TORONTO AND OTTAWA, Feb. 11, 2014 /CNW Telbec/ - In an effort to balance the books by 2015, today's federal budget focused mostly on job creation and innovation. As predicted by KPMG, this budget also introduced a host of new measures to tighten the tax system by closing "tax loopholes".
Budget 2014 highlights include the following proposals:
KPMG's Perspective on the Budget
"The themes for today's budget are jobs, growth and innovation. The focus on jobs and growth is to manage current issues including bridging the skills gap in Canada while balancing the budget by 2015. The Harper Government has also introduced a number of tax measures aimed at closing "tax loopholes" in line with the government's continued focus on tax fairness measures and tax transparency."
- Elio Luongo, Canadian Managing Partner, Tax, KPMG
KPMG's Spokespeople across the Country
KPMG's Tax professionals from coast to coast are available to provide regional insight into the federal budget. With more than 30 offices across the country, our regional professionals can comment on the budget's local impact for Canadians and businesses.
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative ("KPMG International"). KPMG member firms around the world have 155,000 professionals, in 155 countries.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
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