Economy
The world is passing through an extraordinary time. Canadians share in the global consensus that extraordinary times call for extraordinary measures. The Conservative government is helping Canadians meet the challenges of our times. We aim to protect our country from economic threats while providing the solutions we need to secure our long-term growth and prosperity. Canada’s Economic Action Plan (CEAP) builds on our country’s strong economic foundation, and is a potent economic stimulus that is encouraging growth and restoring confidence in our economy.
The Conservative Record
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The government is fighting the recession. Ignatieff is fighting the recovery. |
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The Fourth Report to Canadians shows that 97 per cent of stimulus funding in Canada’s Economic Action Plan has been committed to more than 12,000 infrastructure and housing projects. |
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About 8,000 or 66 per cent of these projects have already begun in the 10 months since the two-year plan was launched. |
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Reducing the tax burden for Canadian families and businesses by more than $20 billion over 2008–09 and the following five fiscal years. |
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Supporting Canadian workers who have lost their jobs or may face layoffs through additional Employment Insurance benefits and training opportunities. |
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Creating and preserving jobs through investment in modern infrastructure and affordable housing. |
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Supporting research and advanced education by funding much-needed maintenance, repair and construction projects at colleges and universities across Canada. |
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Protecting jobs in industries and communities hit hardest by the recession. |
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Taking unprecedented action to improve the availability of financing for households and businesses in Canada. |
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Our Economic Action Plan is helping create or maintain an estimated 220,000 Canadian jobs by the end of 2010. |
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Canada’s Economic Action Plan offers personal income tax relief for all taxpayers. |
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The Home Renovation Tax Credit is improving the value of Canadians’ homes and creating work for local businesses. |
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First time home buyers benefit from a new tax credit and an increase in withdrawal limits under the home buyer’s plan. |
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The Economic Action Plan extends Employment Insurance benefits for an additional five weeks as well as providing an additional $500 million towards a two-year Strategic Training and Transition Fund to support the needs of individuals, whether or not they qualify for EI. |
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Tax breaks for small businesses help them retain more of their earnings for reinvestment and expansion, helping to create jobs and promote economic growth in Canada. |
