Archived - Conclusion to Pre-Budget Online Consultation

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Joe Oliver
Minister of Finance

Canada's Economic Action Plan is working. Since the depths of the recession, we have turned out one of the best economic performances among G-7 countries. More Canadians are working today than at any other time in our history, with over 1.2 million net new jobs created over the recovery. This performance is being supported by the lowest overall federal tax burden in over 50 years.

Clearly, the prudent choices we've made have secured economic opportunities now, and for future generations.

But in a world of constant challenge and change, we must remain steadfast in preserving these gains for Canadians.

Economic Action Plan 2015 will do so by fulfilling our Government's commitment to Canadians to balance the budget this year.

The benefits of balancing the budget and reducing debt include:

  • Ensuring that tax dollars are used to deliver direct benefits to hard-working Canadians.
  • Instilling confidence in consumers and investors, whose dollars spur economic growth and job creation; and,
  • Strengthening the country's ability to respond to longer-term challenges, such as unexpected global economic shocks and global security threats.

With this foundation of balanced budgets in place, Economic Action Plan 2015 will build on our record of success and take further effective action to keep our economy strong.

As we conclude our pre-budget consultations, I would like to thank Canadians for shaping our decisions as we move forward.

Your views have been paramount in helping us develop a balanced budget that supports what matters to Canadians: jobs, growth, and long-term prosperity.