2006 Federal Budget Review    Federal Budget 2006 - Overview    BUDGET 2006 : PROMESSES TENUES    We Tip our Hat to Flaherty - Personal Tax Matters    Budget 2006 – Business Related Matters    Conservative Government Comes Through for Charities Federal Budget 2006 - Overview - Charles Rotenberg This afternoon Minister of Finance Jim Flaherty tabled the first Budget of the new Conservative Government. As expected, the Budget contained tax cuts, including the much publicized 1% reduction in the GST. More... BUDGET 2006 : PROMESSES TENUES - Sebastien Desmarais Cet après-midi, le gouvernement minoritaire de Stephen Harper à déposé son premier budget. Le ministre des finances, M. Flaherty, réitère les promesses électorales annoncées par le Parti conservateur, notamment; une baisse de 1% de la TPS, une allocation de 1200$ aux parents d’enfant âgé de six ans ou moins, un crédit d’impôt aux usagers, une hausse du seuil d'imposition des petites et moyennes entreprises de 300 000 $ à 400 000 $ avec une réduction du taux d'imposition de 12 % à 11 % d'ici cinq ans. Les répercussions des ces mesures budgétaires pour les contribuables et les entreprises sont les suivantes : More... We Tip our Hat to Flaherty - Personal Tax Matters - Arthur Drache With all the speculation in the lead up to the May 2 Budget, we have to say that we remained highly sceptical that the Conservatives would deliver much more than the minimum when it came to matching election promises with budget-making reality. We never doubted that the GST cut would appear and we never doubted that the $100 a month child care payment would be a key part. But we had serious doubts as to whether many of the more minor promises would be enacted at once, both because they were in a way peripheral and because we had serious doubts as to how they would be drafted. We were wrong in most cases, though what comes out when we see actual legislation may still create administrative problems. More... Budget 2006 – Business Related Matters - Charles Rotenberg As expected, Finance Minister Flaherty’s first Budget contained many provisions for business – large and small. The volume of the proposed changes is very large and will have significant impact, good and bad, on our readers. More... Conservative Government Comes Through for Charities - Adam Aptowitzer The Conservative government has come through in a big way for registered charities and those that depend on them. In fulfilling their campaign promise to eliminate the capital gains tax on donations of publicly listed shares to public charities, the government has increased the benefit of the donation to the donor by 25% of the applicable tax rate in each province. More... You are receiving this e-mail because you have subscribed to one of our Drache LLP newsletters. You have complete control to review, update your newsletter options or unsubscribe at your discretion. If this email was forwarded to you, we invite you to subscribe to this newsletter or others that appeal to you. Your subscription information is private, please feel free to review our privacy policy. © Drache LLP Barristers & Solicitors, 222 Somerset St. W., 2nd Floor, Ottawa, Ontario K2P 2G3 Phone: (613) 233-2675 Facsimile: (613) 233-6752 Email: crotenberg@drache.com