COMPAS Poll/Survey
April 3, 2012

First of Two Part Series on the Federal Budget, Part 2 will be on OAS, EI, and Public Service Pension Changes

Flaherty Budget Earns High Grades-CEOs and Business Leaders on Panel Wanted Even Higher Cuts, Oppose Tax Credits, and Have Misgivings about R&D Grants

  Weekly CEO/Business Leader Poll by COMPAS in Canadian Business
Policy and Opinion
Consumer and Lifestyle
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Finance Minister earns high grades for the budget as a whole. CEOs and business leaders on the COMPAS business panel have definite misgivings about R&D tax credits and so embrace the federal government's decision to trim them. Yet they are not impressed with the efficacy of R&D grants either. On balance, they would prefer fewer tax expenditures and lower taxes. A more than two-thirds majority agrees that there is "an urgent priority for the government—to create a blue ribbon panel to assess the true effectiveness of the $ 100 billion the government spends on tax incentives-40% of the size of the government's direct spending."

These are the key findings from this past week's Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine.

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