· Balancing the Ontario provincial budget by 2007-08 without slashing vital services.

· Asking Ontarians to pay more, in order to invest in health and transform the way it is designed, delivered, and evaluated.

· Combining increased revenue, holding the line on spending in some areas; investments in priority areas to create a fiscal strategy that is responsible, realistic, and substantial.

· Investments in the health care sector are aimed at:

- Reducing wait times for cancer care
- Adding 150 new Family Health Teams
- Provide home care for more Canadians
- Open more long term beds

· Introduction of Ontario Health Premium to assist in paying for above:

- Based on income
- People at lowest level of income scale pay nothing
- Others will pay between $300-$900 per annum.
· Provision of new investments in children and their schools:

- Cap class sizes at 20 between JK and grade three
- Increase to 75% the proportion of students that meet provincial standards for reading, writing, and math.
- Train 1000 new teacher specialists in literacy and numeracy.

· Provision of new investments in communities:

- $0.02 of existing provincial gas tax to go to municipalities for public transit
- Help farmers comply with the Nutrient Management Act
- Invest up to $1 Billion to repair and expand highways
- Raise the basic needs and maximum shelter allowances under Ontario Disability Support Programs and Ontario Works by 3%
- Increase the property tax credit for low and moderate income seniors

· Measures to attract investment, allow businesses to grow and prosper, and encourage research, commercialization, and innovation:

- Gradually eliminate capital tax by 2012
- Encourage employees to hire apprentices through new Apprentice Training Tax Credit
- Creating small business agency
- Changing capital cost allowances to allow faster write-offs on computer and data network infrastructure equipment
- Introducing a Northern Ontario Grow Bonds program to foster small and medium sized business development
- Creating $36 Million program to help public research institutions access private capital for commercialization purposes.
- Developing 10 year strategic infrastructure plan

Other Economic Statistics

· There was an increase of 56, 000 jobs across Canada during the month of May. With this news, the unemployment rate fell to 7.2%, its lowest point in three years.

· 31,000 of the new jobs in May were created in the province of Ontario; the majority of which were full time positions.

Entering Our Quarter-Century Year

We are pleased to report that, as a professional services firm serving Simcoe County and beyond, we have entered our 25th year in business effective June 1, 2004. Our initial office was established in Elmvale on June 1, 1980, followed closely by a second office in Penetanguishene in 1981 and a further office in Barrie in 1995.

Over the years, we have had the opportunity of seeing in excess of 1000 or more clients, the vast bulk of whom we have been pleased and honoured to retain as permanent clients since their initial engagement.

While our base has been in the accounting, auditing and tax related fields, we have also expanded our services over the years to include business consulting, estate executor services, representing clients before the Tax Court of Canada, arbitration, and of a more recent date, Wealth Management related and Elder Care services. We have also established our own website (www.alanmartinassociates.com) to enable existing and prospective clients to gain easier access to information about us and the various areas of our professional activities.

Our aim for the future is to build on our past and present base to offer existing and future Simcoe County clients as broad a base of professional services as is feasible, to meet the ever increasing needs of a fast growing population.

To Our Existing Clients

Whether we have had the privilege of serving you over the long-haul, as is the case with many of those who make up our client base, or have been assisting you only in more recent years, we do want to take this opportunity of thanking you for the confidence you have placed in us, and the opportunity you have given us to serve you over these many or few years. On behalf of everyone at Alan Martin Associates, we say a sincere "Thank you", and look forward to doing business with you in the future.