FleishmanHillard HighRoad for RSM Canada, fhr.rsm@FHhighroad.com, 416.508.8430
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RSM Canada, the leading provider of audit, tax and consulting services focused on the middle market, issued the following perspective for Canada’s middle market businesses following today’s much-anticipated Budget 2019.
“Canadian middle market companies were hoping that Budget 2019 would have meaningful measures to support growth and global competitiveness,” said Maria Severino, national tax leader, RSM Canada. “Although Finance included some positive, targeted tax measures to support Canadian businesses, it deferred introducing any broad-based changes that could enhance competitiveness and reduce uncertainty.”
Some key takeaways from Budget 2019 are:
A focus on innovation and equipping Canadians
Falling short on global competitiveness
Uncertainty for middle market companies and their stakeholders
Middle market companies will be looking for further details and clarity. It remains to be seen what the implications of any future proposals will be to middle market companies and their stakeholders. In the interim, until details on any new measures are released by Finance, middle market companies are faced with uncertainty as they plan their affairs.
About RSM Canada
RSM is the leading provider of professional services to the middle market. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business landscape. Our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential.
RSM Canada LLP provides public accounting services and is the Canadian member firm of RSM International, a global network of independent assurance, tax and consulting firms with 64,000 people in 120 countries. RSM Canada Consulting LP provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International. For more information visit rsmcanada.com, like us on Facebook, follow us on X and/or connect with us on LinkedIn.