Proposed changes are largely in line with those the government proposed in a consultation paper it released in June 2013
The feds are removing a widely promoted incentive program for wealthy immigrants, which will result in savings of $110 million over the next five fiscal years
Changes are geared to company size and level of withholdings
Flaherty predicts $2.9-billion deficit — or a balanced budget — this year
New safeguards include improved deposit insurance and additional protections for seniors
The feds are focused on keeping taxes low, closing loopholes and job creation, the latter of which is the government’s top priority
Although Ottawa warned that it would introduce legislation for a co-operative securities regulator, it has not included such a measure in this year’s budget
An additional $40 million for incubators, and a revamp of the immigrant investor program
Proposed initiatives to help disabled find employment
Promises include more consultation, fostering of bank competition and relief for compliance burdens