Archived - Harper Government Releases Economic and Fiscal Update

November 12, 2014 – Toronto, Ontario – Department of Finance

Finance Minister Joe Oliver today released the annual Update of Economic and Fiscal Projections,which confirms that the Government remains on track for a balanced budget in 2015, with an expected surplus of $1.9 billion.

Minister Oliver outlined Canada’s impressive success in creating jobs, growth and long-term prosperity. In contrast to Canada, the Minister noted weak and uneven global growth in the aftermath of the deepest economic and financial crisis since the Great Depression. In comparison to difficult economic situations faced by other countries, Minister Oliver emphasized the Harper Government’s continued commitment to its low-tax plan to create jobs and growth.

Minister Oliver also highlighted the Government’s latest tax cuts and benefits to put more money back in the hands of Canadian families: increasing and expanding the Universal Child Care Benefit, introducing the Family Tax Cut, increasing the Child Care Expense Deduction limits, and doubling the Children’s Fitness Tax Credit and making it refundable, thereby making it more affordable for Canadian families to raise healthy kids.

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance
613-369-5696

Stéphanie Rubec
Media Relations
Department of Finance
613-369-4000

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