$6.2 billion in reducing the tax burden for Canadians: This includes reduction on taxes for individuals, families and business. Tax reductions in the Action Plan build on previous reductions. These reductions have positioned Canada better than most countries to withstand the effects of today’s global economic challenges.
$9.1 billion in helping the unemployed: Canada’s Economic Action Plan took immediate and decisive action to protect jobs and help Canadians directly affected by the global recession. The focus has remained on the economy of the future by contributing to the development of a skilled, flexible and knowledgeable workforce.
$15.7 billion in building infrastructure to create jobs: This will modernize a broad range of infrastructure including our roads, bridges, public transit, parks and water treatment facilities, and to support home ownership, help the housing sector and improve housing across Canada. These investments are helping to create and maintain jobs across Canada for the benefit of all Canadians.
3.8 billion in creating the economy of tomorrow: This will help build a strong, innovative economy through science, technology and research excellence, while training a new generation of highly skilled individuals.
$13.3 billion in supporting industries and communities: This includes targeted support for traditional industries such as forestry and agriculture, and manufacturing, which play important roles in the economies of many communities. This support will help these industries invest in their long-term success and create new opportunities and jobs for Canadians in all areas of the country.
Up to $200 billion in improving access to financing and strengthening Canada’s financial system: This will include measures to support lending to Canadian households and businesses through the Extraordinary Financing Framework.