Federal Government Fiscal Policy Review

By: Paul Young, CPA, CGA

GDP

Trade

Trade

Trade Deals - enforced

Trade Deals completed

• South Korea

• China (FIPA - http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=3BQUJ-U9UKB-6PRJU

• European Trade Deal

MFG Sales

GDP

GDP

Tax Impact

Consumer Spending

Harper Polices

• Tax Cuts – 17.3 personal tax cuts and 13.1 GST Cuts -http://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-pbo/

• Reduction in duties/excise taxes as part of closing the gap between Canada and USA (http://www.budget.gc.ca/efp-peb/2014/pub/chap03-eng.html or http://www.retailcouncil.org/advocacy/federal-budget-2014-released

• Tightening mortgage rules (http://www.ctvnews.ca/canada/cmhc-tightens-mortgage-insurance-rules-as-housing-market-cools-1.1793186

• Income Tax Splitting (http://fullcomment.nationalpost.com/2014/11/05/andrew-coyne-conservatives-tax-package-with-income-splitting-corrects-inequality/

Corporate Taxes

R&D Ranking

Harper Foreign Direct Investment

Employment Trends

Program Spending

Harper Program spending

Interprovincial Transfers

Infrastructure Funding

Gas Tax Fund

Build Canada Fund

Federal Government spending on infrastructure