Knowledge Centre

The Knowledge Centre provides you a database of articles to understand how recent changes in tax legislation can impact your business. Here you will find tax-related articles on provincial budgets, government support, tax planning and other subjects. Choose a topic of interest from the Filter by topic list and click Filter to search.

2011 Prescribed Excess Moisture Regions

July 11, 2011 - The Federal Government is offering 2011 tax deferrals to livestock producers who have been dealing with excess moisture and flooding in designated areas of Manitoba.

2011 Manitoba Budget

April 12, 2011 - Budget 2011 projects a summary deficit of $438 million for the current fiscal year 2011/2012.  The deficit is still expected to be eliminated over the course of Manitoba’s Five-Year Economic Plan introduced in last year’s budget that will see the province return to surplus by 2014/2015. 

2011 Ontario Budget

On March 29, 2011, Ontario’s Government handed down a budget that forecasts a deficit of $16.7 billion for 2010-2011, a reduction of $3 billion from the 2010 budget prediction. The budget continues to forecast declining annual deficits until a balanced budget is reached by 2017-2018. 

2011 Federal Budget Summary

On March 22, 2011, federal Finance Minister Jim Flaherty tabled the federal government’s budget under the theme A Low-Tax Plan for Jobs and Growth.  The projected deficit for 2010-2011 is $40.5 billion, which is almost $9 billion less than was projected in budget 2010. 

2011 Saskatchewan Budget

March 23, 2011

Saskatchewan tabled a surplus budget of $115 million for fiscal 2011-2012.   The budget will also pay down the provincial debt by another $325 million.

The budget contained a number of tax measures that lowers taxes for individuals and businesses, as summarized below.

2011 Alberta Budget

February 24, 2011

Budget 2011 forecasts deficits of $3.4 billion for 2011-2012 and $681 million for 2012-2013.  A return to a balanced budget and a surplus of $1.3 billion is forecasted for 2013-2014, one year later than planned.  The deficits will be offset by transfers from the Sustainability Fund, as will the forecast deficit of $4.8 billion for 2010-2011.  It

2011 British Columbia Budget

February 15, 2011

Budget 2011 forecasts deficits of $925 million in 2011/12 and $440 million in 2012/13, and a surplus of $175 million in 2013/14.  The total provincial debt is forecast at $53.4 billion in 2011/2012, $57.6 billion in 2012/2013 and $60.4 billion in 2013/2014.  

2010 Prescribed Regions of Drought and Excess Moisture

On February 9, 2011 the Federal Government announced a further extension for 2010 tax deferrals to livestock producers who have been affected  by excess moisture in the following designated areas of Central Saskatchewan and South-West and North-West Manitoba.

Saskatchewan- 2010 Excess Moisture Designations

2010 Ontario Budget

Ontario’s Government handed down a budget that forecasts a deficit of $21.3 billion for 2009-10 and $19.7 billion for 2010-11. The budget also sets out an eight-year plan to cut the deficit in half in five years, and eliminate it in eight years by 2017-18.
The following is a summary of the tax-related measures contained in the budget.

2010 Saskatchewan Budget

Saskatchewan tabled a balanced budget for fiscal 2010-11 by reducing overall government spending by $121.3 million or 1.2% from last year’s budget.

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