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CANADA'S FEDERAL BUDGET 2006This annual publication was produced jointly by the FMC Public Policy and Taxation practice groups. The new Canadian Conservative government presented its first national Budget on May 2, 2006. The balanced budget provides for tax cuts, focused spending and debt paydown centered around the themes of accountability, opportunity, families and communities and security. Budget 2006 also provides a framework for discussion regarding the fiscal balance in Canada (the revenue generating capacities of the federal versus provincial governments). • For a general overview of the budget please click here. INCOME TAX ANALYSISSeveral of the Firm's tax lawyers are on the Editorial Board of the CCH Canadian Tax Reporter and even more are involved in writing the CCH income tax commentary in the Reporter. FMC's tax lawyers worked with CCH in the Budget lockup and following to produce the CCH Budget commentary on the Budget's income tax measures.• To view Resolutions and CCH Editorial Commentary click here. FEDERAL BUDGET DOCUMENTSFor the complete budget documents please click here. CONTACT USIf you have any questions or would like any further information relating to the budget or its likely impact on you, please contact a member of our Public Policy or Taxation Groups.
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