Finance Minister Jim Flaherty (Whitby-Oshawa, ON) acknowledged that Canada's growing economic and fiscal advantages and the global perils of putting off tough decisions are necessary to get fiscal houses in order. During a visit to New York, NY, Flaherty said that with the recent Budget Canada's economic focus is now shifting, going from protecting jobs … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) introduced in Parliament Bill C-3, the Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act, which implements key measures from Budget 2011—the Next Phase of Canada’s Economic Action Plan: A Low-Tax Plan for Jobs and Growth. Among the important provisions in the Act are those to: Help vulnerable seniors, support … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced that a detailed Notice of Ways and Means Motion was tabled in the House of Commons. The particular motion includes tax measures that allow beneficiaries of Registered Disability Savings Plans who have shortened life expectancies to withdraw more of their plan savings by permitting annual withdrawals without triggering … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) spoke to the Conference of Montreal on how Canada can achieve an economic and fiscal performance at the front of the global pack and the government's determination to return to balanced budgets. Flaherty said Canadians gave the government a mandate to stay focused on the economy and pass measures … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) reintroduced Budget 2011, the Next Phase of Canada’s Economic Action Plan—A Low-Tax Plan for Jobs and Growth. Flaherty said implementing the Next Phase of Canada’s Economic Action Plan will preserve Canada’s advantage in the global economy; strengthen the financial security of Canadian workers, seniors and families; and provide the … Read more
Minister of State (Finance) Ted Menzies (Macleod, AB) announced that he took part in commemorative celebrations marking the 40th Anniversary of the Canadian Federation of Independent Business. Menzies said that the Government of Canada has introduced a range of measures to help maximize the economic potential of the country's entrepreneurial sector. Changes include a reduction … Read more
Finance Canada announced that a Tax Treaty or Tax Information Exchange Agreement has been updated to its website. The organization said that the Tax Agreement looks at the relationship existing between Canada and Bermuda. The full release is available online. Call 613-995-2980. Finance Canada announced that a Tax Treaty or Tax Information Exchange Agreement has … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) met with Canada’s leading private sector economists to gather their views on economic prospects for the country. The economists confirmed the Government’s economic planning assumptions remain on track. Flaherty said the government is focused on completing the economic recovery, and that Canadians have strongly endorsed its commitment to jobs, … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) congratulated Chrysler Group LLC for its repayment of $1.7 billion in outstanding Canadian government loans following the completion of new refinancing transactions. In 2009, during the depths of the global economic downturn, the Government of Canada and the Government of Ontario provided $1.7 billion in loans payable to Chrysler … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced the release of The Fiscal Monitor for March 2011. The Fiscal Monitor found that in March of this year, there was a budgetary deficit of $6.2 billion compared to $6.4 billion in March 2010. The full release is available online. Call 613-996-7861.
