Federal Budget Day

Finance Minister Jim Flaherty Finance Minister Jim Flaherty

With a promise to balance the books by 2015 on the table, the federal government is set to reveal this year’s federal budget today in Ottawa.

Finance Minister Jim Flaherty, in his customary new shoes, is expected to address the House of Commons about what the Harper government calls “Canada’s Economic Action Plan 2013” at about 4:00 p.m.

Richard Ivey School of Business Economist Mike Moffatt says he doesn’t expect to see too much of a change over last year’s budget.

Moffatt says one of the major changes he does expect to see is changes to tax law to make it harder for companies to offshore some profits to avoid paying Canadian taxes on them.

The London Economic Development Corporation is hoping the document will include money for municipal infrastructure and local business growth.

LEDC President Peter White says he’s also expecting to see some funds to help correct the jobs/training mismatch in London.

White says he’s hoping to see programs and funds to encourage Canadian businesses to buy new equipment in order to expand.

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