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"Productivity was the loser in the federal budget". In response to the federal budget announced on February 23, 2005, CFLA President David Powell published an op-ed article in the Ottawa Citizen newspaper two days later pointing out that while the budget mentioned the word productivity more than 50 times, there was not enough substance to address Canada's productivity challenge. Policy measures are needed to lift the barriers to allow the asset-based financing, equipment and vehicle leasing industry to finance Canada's productivity and competitiveness solutions. For more, go to the Ottawa Citizen article. "Reinforcing the foundations for economic growth". Eliminate capital taxes: a brake on investment enhancing Ontario's productivity and competitiveness. In its Ontario pre-Budget submission, CFLA argues that economic growth will be based on enhancing productivity, which will in turn raise living standards for all Ontarians and increase government revenues. CFLA recommends that a primary way to cope with the combined challenges of enhancing productivity and a rising dollar is for Ontario business to become more competitive through increased investment in capital equipment. Capital taxes are a disincentive to investment in capital equipment. For more, go to the submission to Ontario's Minister of Finance. Federal Budget 2005 ~ CFLA Pre-Budget Submission. Under the title: “’Partners in Productivity’ ~ «Partenaires en productivité» Enabling Canadians to work smarter”, CFLA submitted its recommendations for the 2005 federal budget. CFLA urges a targeted tax policy to encourage investment in machinery and equipment (including vehicles): by accelerating the schedule for eliminating the Large Corporation Tax; and by raising capital cost allowance rates and permitting faster depreciation. For more, go to the CFLA pre-budget submission. CFLA submits recommendations on the federal Bankruptcy & Insolvency Act and of the Companies’ Creditors Arrangement Act to the Hon. Lucienne Robillard, Minister of Industry Canada. Every five years, these laws are reviewed. The current review will likely lead to legislation being introduced to Parliament in 2005. CFLA asked members to comment on a draft submission by March 25, 2004, and the final submission was prepared with the assistance of Steve Weisz and Catherine Chamberlain from Associate Member law firm Blake Cassels and Graydon LLP, and Daniel Weisz from Associate Member Mintz & Partners Limited. To read the CFLA's final submission, please click here. CFLA submits recommendations for Federal and Ontario 2003 Budgets. The Federal 2003 Budget will be released on February 18th, 2003. Based on consultations with the Tax Committee, CFLA has submitted its recommendations. The key priorities identified: eliminating the Large Corporations Tax (LCT), extending tax-based incentives to corporations for investments in human capital, revised capital cost allowance, and the elimination of withholding taxes on interest and dividends. The Ontario 2003 budget will likely be delivered towards the end of March 2003, and the key priorities, identified by CFLA, are: the elimination of capital tax, vicarious liability revisions, and revised capital cost allowance. For more, go to the CFLA Federal Budget Recommendations and to the CFLA Ontario Budget Recommendations. Canada Small Business Financing Act · Bill C-53, CFLA Submission to the House of Commons Standing Committee on Industry, Ottawa, Ontario, October 28, 1998 The Final Report of the Task Force on the Future of the Canadian Financial Services Sector, CFLA Submission to the House of Commons Standing Committee on Finance, Winnipeg, Manitoba, October 22, 1998 The asset-based financing, equipment & vehicle leasing industry, a CFLA Backgrounder prepared for the House of Commons Standing Committee on Finance, Ottawa, Ontario, September 14, 1998 Submission to the Standing Committee of the Senate on Banking , Trade and Commerce on the Small Business Loans Act (SBLA), July 30, 1998 CFLA Submission to the International Accounting Standards Commitee on Exposure Draft E56 (Lease Accounting), October 2, 1997 Submission
to the Task Force on the Future of the Canadian Financial Services Sector,
October 31, 1997
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