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Deficit Elimination, Tax Simplification Will Enhance Economy: FEI Canada

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TORONTO, ONTARIO — Financial Executives International Canada (FEI Canada) commends the federal government for confirming its commitment to tax reduction, tax system simplification and achieving budgetary equilibrium by 2014.

FEI Canada, a national membership association of 2,000 financial executives from all industries and sectors, supports the federal initiative to eliminate the deficit one year earlier than had been planned; enhance productivity; simplify the tax system and improve retirement planning options - all measures needed to boost the country's competitiveness.

"FEI Canada is pleased with the budget's proposed initiatives to eliminate the deficit without raising taxes or reversing previously announced corporate tax decreases, measures which will foster economic growth for the benefit of all Canadians," said Michael Conway, Chief Executive and National President of FEI Canada. "We believe that a return to a balanced budget is the best way for Canada to stay competitive. We look forward to the government detailing its exact plan to eliminate the deficit, including the results of its spending review. This will help provide the means to afford social programs whose costs continue to rise due to demographic trends."

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