In his eighth budget, finance minister Jim Flaherty has tabled a document focused on balancing the books, targeted spending, and fine-tuning the tax rules.
Despite being challenged by lower-than-expected growth in the Canadian economy, the government says it’s on course to eliminate the deficit and return to balanced budgets by 2015-16. It projects a $25.9 billion deficit for 2012-13, an $18.7 billion deficit in 2013-14, a $6.6 billion deficit for 2014-15, and a surplus of $0.8 billion in 2015-16.
Click here to read our entire 2013 Federal Budget Commentary.
Please contact us should you have any questions:
Frank Fazzari – frank@fazzaripartners.com
Lawrence Gelberg – lawrence@fazzaripartners.com
Jack Massarelli – jack@fazzaripartners.com
Stephen Smalley – steve@fazzaripartners.com
Angelo Viola – angelo@fazzaripartners.com
Carlo Viola – carlo@fazzaripartners.com
