Ottawa, October 4, 2011

Archived - Minister of Finance Introduces the Keeping Canada’s Economy & Jobs Growing Act

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The Honourable Jim Flaherty, Minister of Finance, today introduced the Keeping Canada’s Economy & Jobs Growing Act. The legislation includes key elements of the Next Phase of Canada’s Economic Action Plan—A Low-Tax Plan for Jobs and Growth.

“Our Government is focused on what matters to Canadians—creating jobs and promoting economic growth,” said Minister Flaherty. “While Canada has the strongest job growth record in the G-7 with nearly 600,000 net new jobs created since July 2009 and the IMF projects that we will have among the strongest economic growth in the G-7 over the next two years, we are not immune from global economic turbulence. That’s why we need to stay the course and implement the Next Phase of Canada’s Economic Action Plan.”

The Canadian Federation of Independent Business (CFIB) applauded the government’s provision of a temporary hiring tax credit.

“Since the 2011 budget announcement, many members have called about the credit and reported it will make it easier for them to hire, enhance wages or adjust to rising Employment Insurance premiums,” said Dan Kelly, senior vice-president for the CFIB. “This is a particularly important initiative as the government has declared 2011 as the Year of the Entrepreneur.”

The Keeping Canada’s Economy & Jobs Growing Act helps support Canada’s economic recovery by, for example, proposing to:

Promote Job Creation & Economic Growth

Support Communities

Help Families

Invest in Education and Training

Respect Taxpayers

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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