Canada has the lowest overall tax rate on new business investment in the G7.
Our Conservative government is squarely focused on what matters to Canadians ‒ creating jobs, promoting economic growth, and ensuring long-term economic prosperity.
Indeed, with the help of Canada’s Economic Action Plan, Canada has emerged as one of the world’s top-performing industrialized countries.
Here are the facts:
- Canada has created nearly 760,000 net new jobs since July 2009 [as of May 2012].
- Of those jobs, 90 per cent are full-time and 80 per cent are in the private sector.
- Canada has secured the fastest job growth in the G7 since mid-2009, and is in the strongest fiscal position.
- Both the International Monetary Fund (IMF) and Organisation for Economic Co-operation and Development (OECD) forecasted Canada to be at the head of the pack for economic growth in the G7 in 2012.
- For four straight years, the World Economic Forum ranked Canada’s banking system the soundest in the world.
- Three of the world’s top credit rating agencies – Moody’s, Standard and Poor’s, Fitch – all maintained Canada’s AAA credit rating, the highest possible.
- Canada has the lowest overall tax rate on new business investment in the G7.
- The influential Forbes magazine ranked Canada #1 in the world for businesses to grow and create jobs.
- Our net debt-to-GDP ratio remains the lowest in the G7, by far.
- But the global recovery remains fragile, and we must secure Canada’s recovery.
- That’s why Economic Action Plan 2012 is focusing on jobs and economic growth, and ensuring Canada’s economic advantage remains strong today and into the long-term.