2007 FEDERAL FALL ECONOMIC & FISCAL UPDATE
Special Report
October 31, 2007
October 31, 2007
HIGHLIGHTS
• Focus shifts back to tax relief measures
• After adjusting for new measures, surplus projection
below private sector forecasts
• Expected but regrettable cut to the GST
• Slight personal income tax relief
• Significant but back-end loaded move on corporate
income taxes
• Further major tax relief in next Budget unlikely
but not inconceivable
• Focus shifts back to tax relief measures
• After adjusting for new measures, surplus projection
below private sector forecasts
• Expected but regrettable cut to the GST
• Slight personal income tax relief
• Significant but back-end loaded move on corporate
income taxes
• Further major tax relief in next Budget unlikely
but not inconceivable
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