Archived - Minister of Finance Delighted Canada Vaults to No. 2 Spot in Global Business Survey
January 22, 2014 – Ottawa, Ontario – Department of Finance
Finance Minister Jim Flaherty today welcomed a major global survey that has seen Canada leap in the world ranking of best business environments to place second, behind only Hong Kong. The result adds to the list of accomplishments, including a banking system that has been considered the world’s soundest for six straight years by the World Economic Forum. This demonstrates that the Government’s responsible and disciplined use of tax dollars to support job creation and promote economic growth is working.
The Government of Canada remains on track to balance the federal budget in 2015, which will contribute to low interest rates, attract more investment, keep taxes low and ensure sustainable social programs.
- Canada ranked sixth in Bloomberg’s 2012 survey and is now one of only a handful of countries that continues to receive a triple-A credit rating, with a stable outlook, from all the major credit rating agencies.
- Responsible and disciplined use of taxpayers’ dollars is expected to yield a surplus in 2015–16.
- Canada has the lowest federal tax burden as a percentage of gross domestic product in over 50 years, with the lowest business tax costs in the Group of Seven (G-7).
Marie Prentice
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
