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Budget 2011 Eng

Budget 2011 Eng

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Published by Stephen Taylor

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Published by: Stephen Taylor on Mar 22, 2011
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03/22/2011

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THE NEXT PHASE OF CANADA’SECONOMIC ACTION PLANTHE NEXT PHASE OF CANADA’SECONOMIC ACTION PLAN
Tabled in the House of CommonsBy the Honourable James M. Flaherty, P.C., M.P.Minister of FinanceMarch 22, 2011
A LOW-TAX PLAN FORJOBS AND GROWTHA LOW-TAX PLAN FORJOBS AND GROWTH
NEXT PHASE OF
CANADA’S ECONOMIC
 
 
©Her Majesty the Queen in Right of Canada (2011)All rights reserved
All requests for permission to reproduce this documentor any part thereof shall be addressed toPublic Works and Government Services Canada.Available through your local bookseller or by mail fromPublishing and Depository ServicesPublic Works and Government Services CanadaOttawa, Ontario K1A 0S5Telephone: 613-941-5995Orders only: 1-800-635-7943 (Canada and U.S.A.)Fax: 613-954-5779 or 1-800-565-7757 (Canada and U.S.A.)Internet: http//publications.gc.caCat. No.: F1-23/3-2011EISBN: 978-0-660-20027-9This document is also available n the Internet at www.fin.gc.ca
Cette publication est aussi disponible en français.
 
 
3
Table of Contents
Chapters1—Introduction ............................................................................... 5
Introduction ............................................................................................. 7Delivering on Canada’s Economic Action Plan ...................................... 8
 
The Next Phase of Canada’s Economic Action Plan — A Low-Tax Plan for Jobs and Growth ..................................................... 9
 
2—Economic Developments and Prospects ................................ 15
 
Highlights ............................................................................................... 17Introduction ............................................................................................ 18Global Economic Developments and Outlook ...................................... 18Canada’s Recent Economic Performance .............................................. 23Canada’s Policy Framework and Economic Performance ..................... 26Financial Market Developments ............................................................ 27Commodity Prices .................................................................................. 29Canadian Economic Outlook—Private Sector Forecasts ...................... 31
3—Canada’s Economic Action Plan ............................................ 39
 
Highlights ............................................................................................... 41Introduction ............................................................................................ 42Delivering on Canada’s Economic Action Plan ..................................... 43Supporting the Recovery ........................................................................ 52
4—The Next Phase of Canada’s Economic Action Plan— A Low-Tax Plan for Jobs and Growth .................................... 57
 
Introduction ............................................................................................594.1–Supporting Job Creation .........................................................................63Highlights ...............................................................................................65
 
Targeted Measures to Support the Recovery .........................................69Fostering Canada’s Business Advantage ............................................... 71Investing in a Cleaner Energy Economy................................................76Strengthening Canada’s International Engagement ..............................79Maintaining Canada’s Financial Sector Advantage ...............................84Strengthening Canada’s Public Infrastructure .......................................88Supporting Canadian Agriculture ...........................................................95Supporting Forestry ................................................................................97

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