EDMONTON, ALBERTA--(Marketwire - Oct. 19, 2012) - The Honourable Tony Clement, President of the Treasury Board, today highlighted the Government of Canada's commitment to cutting red tape and keeping taxes low so entrepreneurs are free to do what they do best: innovate, invest and create jobs, at Ignition, the Edmonton Chamber of Commerce's small business award ceremony.
"Cutting red tape is one of the most important things a government can do to strengthen Canadian business competitiveness," Minister Clement told small business owners gathered at the Ignition Award ceremony. "And our Government is going further than any federal government ever has to get rid of costly and unnecessary duplication and paperwork so that businesses are freed up to grow, compete and create jobs."
The Government earlier this month unveiled its Red Tape Reduction Action Plan, a far-reaching whole-of-government initiative which includes 90 department-specific reforms ranging from tax and payroll to labour, transport and cross-border trade. The vast majority of the reforms will be implemented over the next three years.
"Our Red Tape Reduction Action Plan is one of the most ambitious red tape cutting exercises in the world today," said Minister Clement. "It cements Canada's reputation as one of the best places in the world to invest and do business."
Canada is also being recognized internationally for its resilient economy and strong fiscal position. The Government of Canada, through Economic Action Plan 2012, is reducing spending and seeking operational efficiencies that have so far garnered $5.2-billion in annual savings, putting Canada on the path to a balanced budget in the medium-term.
"Our responsible fiscal management and our ongoing efforts to reduce costs, streamline operations and find savings, is what allows us to keep taxes low and competitive," said Minister Clement. "Low taxes, a healthy fiscal outlook and less red tape give businesses the confidence to invest in the future."
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