Invitation by the Honourable Jim Flaherty, Minister of Finance, to Participate in Advantage Canada Consultations
To Canadians in every part of this country, I would like to say that I’m looking forward to seeing your ideas on how we can best implement Advantage Canada, our new long-term Plan to build a strong economy for Canadians and secure a better quality of life now and for future generations.
As I reported on November 23rd in our government’s first Economic and Fiscal Update, our economy is doing well and we’re exercising real discipline to keep the government’s finances balanced.
But we also recognize that the ground rules of the global economy have changed.
We live in a volatile and exciting time, with advances in communications technology, reduced trade barriers and declining transportation costs opening the door to endless possibility and opportunity.
People, jobs and investment are moving across the globe more rapidly than ever before.
And talented, motivated people have become the world’s most valuable resource.
Here at home, baby boomers are set to retire in record numbers, testing our capacity to maintain our standard of living.
We’re convinced that with the right plan, determination and political will, our country can become a new leader in this fast-changing global economy.
We’re also convinced that just as those before us overcame the challenges and barriers standing between them and a better life, we can—and we will—overcome ours.
That’s what Advantage Canada is all about.
It’s about giving Canada and Canadians the key advantages needed to compete today and succeed for years to come.
Our Plan aims to improve our quality of life by building a strong economy that is not only fit for the 21st century, but equipped to lead in the 21st century.
It focuses on creating five key advantages:
A tax advantage, by paying down debt and reducing taxes for all Canadians, and establishing the lowest tax rate on new business investment in the G7;
A fiscal advantage, by eliminating Canada’s total government net debt in less than a generation;
An entrepreneurial advantage, by reducing unnecessary regulation and red tape and increasing competition in the Canadian marketplace;
A knowledge advantage, by creating the best-educated, most-skilled and most flexible workforce in the world; and
An infrastructure advantage, by building modern, world-class infrastructure that ensures a seamless flow of people, goods and services over our roads and bridges and through our ports, gateways and public transit networks.
Advantage Canada is based on four key principles, each of which will act as a prism through which issues will be viewed and policy decisions made not only in the next budget, but for years to come.
These four key principles are:
We propose to implement our Plan through several measures under each of these principles.
We’d like to know if you think we’re on the right track with how we propose to implement Advantage Canada.
Allow me to highlight a few of those measures.
For example, we propose:
These are just a few of the steps we propose.
Now I’d like to hear from you, not just on the measures I’ve highlighted, but also the many other measures we’ve outlined in the Advantage Canada Plan.