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ARTICLE · 03 APRIL 2013

Economic Action Plan 2013 – Closing More Tax Planning Opportunities

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

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On Thursday, March 21, 2013, the Honourable Jim Flaherty, Minister of Finance, delivered his eighth federal budget.

CanadaFinance and Banking

On Thursday, March 21, 2013 (Budget Day), the Honourable Jim Flaherty, Minister of Finance, delivered his eighth federal budget (Budget 2013), wearing a pair of new Canadian-made shoes from Roots.

Minister Flaherty acknowledged the challenges facing the Canadian economy, including that too many Canadians remain unemployed, while noting Canada's steady economic progress in outperforming all of its G-7 peers in GDP growth and job creation since the depths of the global economic recession. In this context, Budget 2013 maintains the Government's priorities of jobs and the economy, emphasizing initiatives that connect Canadians with available jobs, help Canadian manufacturers and businesses, invest in public infrastructure, foster research and innovation, and support families and communities.

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