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What's NewCategory: What's New in 2009Ottawa moves to open credit flow Ottawa moves to open credit flow January 27, 2009 at 5:17 PM EST OTTAWA — Finance Minister Jim Flaherty is encouraging Canadian businesses to borrow and invest with budget measures meant to improve access to credit and provide modest tax breaks for capital expenditures. In his budget released Tuesday, the Finance Minister also backed away from a controversial measure – announced two years ago – to limit the interest deductibility when companies borrow to finance a foreign affiliate. He also said he would move quickly to create a national securities regulator – over the objections of Quebec and Alberta – by the tabling legislation later this year. Click here to read the whole article. |
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