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Archived - Chapter 4
Progress Achieved to Date

Introduction

Canada's Economic Action Plan consists of $40 billion in support of the economy over the next two years. When combined with provincial and territorial government actions, the Economic Action Plan amounts to $52 billion. Necessary steps have been taken to provide the Government with authority to make payments and to administer proposed tax reduction measures amounting to close to 90 per cent of the value of the Economic Action Plan by the start of the fiscal year on April 1, 2009.

For those items that require further development or negotiation to proceed, Ministers will be providing Canadians with regular updates on progress in specific areas.

The Government's Economic Action Plan comprises five main elements:

• Action to Help Canadians and Stimulate Spending ($13.5 billion over three years).
• Action to Stimulate Housing Construction ($7.8 billion over three years).
• Immediate Action to Build Infrastructure ($11.8 billion over two years).
• Action to Support Businesses and Communities ($7.5 billion over two years).
• Action to Improve Access to Financing and Strengthen Canada's Financial System ($200 billion to encourage liquidity).

The following five sections review progress in each of the areas of the Action Plan.

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