So approximately 6.1 out of every 10 Canadians went to the polls or mailed in a ballot to vote in the 41st general election, and the Conservative Party won its long-coveted majority, despite the charges of contempt that felled the previous Parliament. Will we have a nice and stable four years to build on our economic recovery, as the Conservatives campaigned? Or will we find the country irrevocably transformed in the Conservative image, as the Liberals, NDP and Elizabeth May have charged?
One thing I can say with qualified confidence is that the government will shortly (likely today) present a budget that looks more or less the same as the one introduced before the election. So if you didn’t look at it then, it might be worth looking at now; although you have probably already seen extensive budget coverage in the media.
In March, Deloitte & Touche offered a thorough look at the consequences for businesses and individuals.
Canadian Business magazine and the Montreal Gazette offered briefer analyses.
Before the election, Adam Aptowitzer of Charity law firm Drache Aptowitzer outlined how the budget would affect charities, pointing out numerous areas of concern. See the firm’s budgets page for a number of commentaries on the topic.
As usual, I’d love to hear your thoughts on the topic: what do the next four years hold for the Canadian economy and businesses?
First Reference Internal Controls, Human Resources and Compliance Editor