The following Economy In Brief has just been posted on the Finance Canada Site. Overview * In the third quarter of 2007 real gross domestic product (GDP) grew 2.9%, down from a 3.8% pace in the second quarter. * Domestic demand growth remained solid. Real final domestic demand rose 4.6% compared to 4.9% in the second quarter. Business inventory accumulation was $15.4 billion after a smaller buildup of $4.5 billion in the second quarter. * Real imports grew more than real exports, moderating real GDP growth and narrowing the nominal trade surplus and the current account surplus (the amount that [More]
The following News Release or Speech has just been posted on the Finance Canada Site Ottawa, December 28, 2007 2007-112 Canadian families, students, workers, seniors, and businesses large and small will continue to keep more of their hard-earned money in 2007 and 2008 thanks to substantial new tax reduction measures introduced in 2007 by the Government of Canada. Since coming to office in 2006, the Government has taken action that will by 2012-13, reduce the overall tax burden for Canadians and businesses by about $200 billion, to its lowest level in nearly 50 years. “Since coming to office, we have [More]
The following is now available on the CRA Web site: News release The Minister of National Revenue announced the Canada Revenue Agency’s Action Task Force on Small Business Issues Report: Helping Small Businesses by Reducing the Compliance Burden Regina, Saskatchewan, April 11, 2007… Minister of National Revenue Carol Skelton today released the final report of the Canada Revenue Agency’s (CRA) Action Task Force on Small Business Issues, titled Helping Small Businesses by Reducing the Compliance Burden. ….. If Interested: From the CRA Newsroom Fact sheet: Canada Revenue Agency’s Action Task Force on Small Business Issues
The following News Release or Speech has just been posted on the Finance Canada Site Release at 8:15 a.m. EDT Ottawa, April 4, 2007 2007-030 The Department of Finance announced today that Canada’s official international reserves increased by an amount equivalent to US$2,999 million during March to US$39,309 million. ….. READ MORE IF REALLY INTERESTED IN THIS TYPE OF STUFF: At Dept of Fin Site Previous Reports
The following News Release or Speech has just been posted on the Finance Canada Site: The Goal of Budget 2007 Is to Make a Stronger, Safer, Better Canada Ottawa, March 18, 2007 2007-021 Whitby – The Honourable Jim Flaherty, Minister of Finance, will deliver the second budget of Canada’s New Government tomorrow in the House of Commons. Budget 2007 will restore fiscal balance within the Canadian federation, outline a series of initiatives to protect the environment and further reduce the tax burden on working families and businesses. To mark the occasion and to support small business, Minister Flaherty purchased a [More]