What is the Government doing to improve Canadas productivity?
The Governments economic plan, Advantage Canada, is designed to improve productivity and provide sustained economic prosperity for the long term. Advantage Canada is centred on building five key strategic advantages for Canada: • A Tax Advantage reducing the tax burden on Canadians and Canadian businesses. • A Knowledge Advantage fostering skills, training and education. • An Infrastructure Advantage building a modern, world-class infrastructure. • An Entrepreneurial Advantage making product and financial markets more efficient. • A Fiscal Advantage strengthening Canadas fiscal position for current and future generations. Since 2006, the Government has made significant progress in implementing elements of Advantage Canada: • The Government has reduced taxes in every way that it collects revenues, and is ensuring that Canadians and businesses keep more of their hard-earned money. • The Government has aligned capital cost allowance rates for a number of assets to better reflect their use
