Ottawa, December 7, 2010 2010-119
Today, the Honourable Jim Flaherty, Minister of Finance, welcomed the House of Commons' passage of the Sustaining Canada's Economic Recovery Act and looks forward to its consideration by the Senate.
"We thank the House of Commons for its continued and ongoing support of Canada's Economic Action Plan with the passage of the Sustaining Canada's Economic Recovery Act," said Minister Flaherty.
The legislation will help secure Canada's economic recovery, encourage growth and create jobs by implementing important elements of Budget 2010. Key elements of the legislation include measures to cut red tape, lower the tax burden on Canadians, close tax loopholes and better protect users of financial services.
"Our Government has made implementing Year Two of Canada's Economic Action Plan a priority. We have done so quickly and effectively in order to create and maintain jobs and to ease the concerns of Canadians," said Minister Flaherty. "Canada weathered the global recession better than other major industrialized countries, reflecting important Canadian financial, economic and fiscal strengths. We must continue to provide the steady guidance and leadership that has allowed Canada to continue on the right track to recovery for jobs and economic growth."
More details about these and other measures from Budget 2010 are available at www.budget.gc.ca.
For further information, media may contact:
Annette Robertson
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
