Archived - Economic Action Plan 2014: Securing Canada's Success for Today and Future Generations

February 14, 2014 – Edmonton, Alberta – Department of Finance

Minister of State (Finance) Kevin Sorenson today spoke to guests of the Edmonton Chamber of Commerce about how Economic Action Plan 2014 (EAP 2014), with its focus on returning to balanced budgets and promoting jobs and economic growth, will help ensure Canada’s long-term prosperity.

Minister Sorenson emphasized EAP 2014’s focus on creating the conditions for businesses to succeed through low taxes and minimal red tape. The Plan proposes to reduce the maximum number of employer source deduction payments that more than 50,000 businesses have to prepare and submit to the Canada Revenue Agency, eliminating the requirement for more than 800,000 payments in the process.

The Minister also highlighted EAP 2014 initiatives supporting trade and investment as fundamental contributors to Canadian businesses’ success. For example, the Government will work to develop an Internal Trade Barriers Index to help identify measures that restrict trade within Canada and help all jurisdictions focus on priority areas for reform. Given the important contribution Canada’s resources will make to Canada’s future prosperity and security, EAP 2014 also includes measures to support the timely review of major pipeline projects.

Meagan Murdoch
Communications
Office of the Minister of State (Finance)
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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