Tightening up tax measures and closing loopholes are among some of the highlights we might expect to see in today’s federal budget.
KPMG has been looking over a pre-budget report from the House of Commons Standing Committee on Finance for clues on what the document may contain.
KPMG spokesperson Luann Jones-Foster says personal tax breaks are likely since many were promised prior to the 2011 federal election.
She says, “We do expect to hear some of those, provided the budget is balanced because they did actually introduce a few of those in October.”
Jones-Foster says there could be a tax break for businesses and more measures to urge Canadians to plan and save for their retirement.
