Archived - Minister Oliver Meets With Quebec Finance Minister Carlos Leitão

May 20, 2014 – Québec City, Quebec – Department of Finance

Finance Minister Joe Oliver today met with Quebec Finance Minister Carlos Leitão in Québec City. The Ministers discussed the state of the Canadian and Quebec economies and ways to achieve their shared objective of creating jobs and economic growth, as well as a commitment to balanced budgets.

• The Canadian economy has enjoyed one of the strongest employment performances of the Group of Seven (G-7), with more than 1.6 million new jobs created since 2006.
• Major federal transfers to Quebec to support health and social services will total $19.6 billion in 2014–15, representing an increase of $7.6 billion, or 64%, since 2005–06.
• Quebec has been allocated $1.77 billion under the new Building Canada Fund, and $2.4 billion in federal funding will flow to Quebec municipalities from 2014 to 2019 through the Gas Tax Fund.
• The federal government has announced funding of $165 million over the next two years for a new bridge over the St. Lawrence River and $378 million for the repair and maintenance of federal bridges in the Greater Montréal Area.
• The Government of Canada has introduced close to 180 tax relief measures since 2006. For an average family of four, taxes have been cut by close to $3,400, and more than 1 million Canadians have been removed from the tax rolls.

• Economic Action Plan 2014
• Transfer Payments to Provinces and Territories for 2014-15
• Infrastructure Canada—Infrastructure in Quebec

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861

Stéphanie Rubec
Media Relations
Department of Finance
613-996-8080