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Canada's 2010 Budget Encourages Economic Recovery and Job Growth, Includes a Call for Spring Public Consultations on the Retirement Income System
The Honourable Jim Flaherty, Canada's Minister of Finance, has tabled a budget plan with the goals of building on Canada’s economic recovery with action to create jobs and growth, sustain the nation’s economic advantages and implement a disciplined plan to return to balanced budgets. The 2010 budget plan has three key objectives: 1) Confirms $19 billion in new federal stimulus under Year 2 of Canada’s Economic Action Plan to create and protect jobs, 2) Invests in a limited number of new, targeted initiatives to build jobs and growth for the economy of tomorrow, harness Canadian innovation, and attract new business investment, and 3) Outlines a three-point plan for returning to budget balance once the economy has recovered. One of the budget's provisions calls for continuing efforts to ensure the strength and efficiency of Canada’s retirement income system by holding spring consultations and a review of policy options at the May Finance Ministers’ meeting. The Department of Finance has posted a 2010 Budget Web site that includes the full budget plan, a summary, frequently asked questions (FAQs) and a review of the budget process.
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