2015 Federal budget brief: Budget earns a B grade

Chartered Professional Accountants of Canada (CPA Canada) offers its views on priorities for the 2015 federal budget in this budget brief.

Get your downloadable electronic copy.

Download Now

For each annual federal budget, CPA Canada offers its views on the federal budget’s priorities in a variety of ways, including providing a pre-budget brief as well as opinion and commentary on budget day, after the budget is released.

2015 federal budget highlights

  • Growing the economy works best from a strong fiscal base and the projected surplus is $1.4 billion for 2015-16. The government will have little wiggle room in managing its finances with the contingency fund being trimmed to $1 billion from $3 billion.
  • The budget calls for the small business tax rate to be reduced to 9 per cent from its current rate of 11 per cent by 2019. The government says this will put an estimated $2.7 billion back into the pockets of small businesses and their owners.
  • To help Canada’s manufacturing sector, the budget introduces a 10-year investment incentive that will allow a faster write-off for machinery and equipment.

Federal pre-budget submission

CPA Canada participated in the annual pre-budget consultations led by the House of Commons Standing Committee on Finance.

We submitted a brief and appeared before the Committee on October 27, 2014, to deliver remarks and recommendations for the 2015 federal budget.

Our 2014 pre-budget submission and presentation focused on three main themes:

  • balancing the federal budget to ensure fiscal sustainability and economic growth
  • increasing the competitiveness of Canadian businesses through research, development, innovation and commercialization
  • improving Canada’s taxation and regulatory regimes

Highlights

Gain practical organizational insights and learn from industry experts at this annual event for not-for-profit financial leaders.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.