The Honourable Jim Flaherty, Minister of Finance, today introduced the Economic Action Plan 2013 Act, No. 1. The Act proposes to legislate key elements of Economic Action Plan 2013, including tax relief for investments in new manufacturing machinery and equipment, and indexing the Gas Tax Fund to offer stable, predictable funding for municipal infrastructure.
“While Canada has fared better than most in the aftermath of the worst recession in a generation, the global economy remains very challenging,” said Minister Flaherty. “Through the Economic Action Plan 2013 Act, No. 1 the Harper Government remains squarely focused on what’s important to Canadians, creating jobs and economic growth—while keeping taxes low and balancing the budget by 2015.”
Measures in the Economic Action Plan 2013 Act, No. 1 advance economic progress and prosperity by:
- Improving the fairness of the tax system.
- Eliminating duplication.
- Taking steps to align employee compensation offered by Crown corporations with what is available to federal employees.
“Canada’s Economic Action Plan 2013 advances a solid vision that has a proven track record,” said Minister Flaherty. “This is an intentional, consistent plan for jobs, growth and long-term prosperity that we have implemented with firm commitment.”
Related Documents:
- Economic Action Plan 2013
- Economic Action Plan 2013 Act, No. 1 (This legislation will be available on www.parl.gc.ca shortly.)
Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
