Ottawa, October 22, 2013
2013-137
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The Honourable Jim Flaherty, Minister of Finance, today introduced the Economic Action Plan 2013 Act, No. 2. The Act implements key measures from Economic Action Plan 2013, as well as certain previously announced tax measures, to help create jobs, stimulate economic growth and secure Canada’s long-term prosperity.
“While Canada leads the G-7 with more than 1 million jobs created since the depth of the global economic recession, we are not immune from the challenges beyond our borders. We cannot afford to become complacent,” said Minister Flaherty. “By implementing the measures from Economic Action Plan 2013, our Government is helping to create jobs and opportunities for Canadians and grow Canada’s economy.”
Measures in the Economic Action Plan 2013 Act, No. 2 aimed at spurring job creation and economic growth include:
- Modernizing the Canada Student Loans Program by moving to electronic service delivery.
- Improving the efficiency of the Temporary Foreign Worker Program by expanding electronic service delivery.
- Phasing out the Labour-Sponsored Venture Capital Corporations tax credit.
“In the face of continued global economic uncertainty, it is essential that we remain squarely focused on keeping Canada’s economy strong,” said Minister Flaherty. “That’s why our Government will continue to support the drivers of economic growth and job creation, while keeping taxes low and returning to a balanced budget by 2015.”
Marie Prentice
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
