Long-term job creation and economic growth will depend on private sector
WATERLOO, ONTARIO – Prime Minister Stephen Harper today announced that a re-elected Conservative Government will implement a range of measures, including reducing unnecessary regulation, to support small businesses in creating jobs and spurring economic growth.
“Canada’s entrepreneurs are the backbone of our economy, creating jobs and driving long-term economic growth in communities large and small across our country,” said Mr. Harper. “It is important that government create the conditions for Canadian entrepreneurs to flourish and grow.”
A re-elected Stephen Harper Government will spur a culture shift within government by legislating a ‘one-for-one’ rule, so that government must eliminate an existing regulation every time it proposes a new one. The success of the small- and medium-sized business sector contributes greatly to the economic and social success of Canada; however, 26 per cent of small business owners say they may not have gone into business had they known the true burden of regulation.
Stephen Harper’s Government has taken decisive action to address the needs and concerns of entrepreneurs in the last five years, including reducing taxes and red tape; improving access to business financing; making substantial investments in training, research, and development; and opening up new markets. Building upon Prime Minister Stephen Harper’s declaration of 2011 as the Year of the Entrepreneur, a re-elected Conservative Government will further support Canadian businesses by:
- Moving forward with the Red Tape Reduction Commission, which will apply a small business lens to regulations to ensure that they do not have unintended impacts on small businesses.
- Introducing a $1,000 Employment Insurance tax credit for any new employees hired by a small business.
- Extending BizPal, an online service for businesses that provides streamlined, customized one-stop shopping for information on required permits and licences.
- Providing $20 million over two years for the Canada Youth Business Foundation, enabling young Canadians to launch more than 1,000 new businesses and generate an estimated 6,700 new jobs.
“As Canada emerges from a worldwide economic recession and government economic stimulus winds down, it is essential for Canadian businesses and entrepreneurs to drive our economic recovery,” said Mr. Harper. “The Next Phase of Canada’s Economic Action Plan will allow Canadian businesses do exactly that by giving them support, and will help spur the culture shift within government that they need to grow and create jobs.”
Mr. Harper also noted that the Ignatieff Liberal, NDP, Bloc Québécois plan to raise taxes on business would deal a harsh blow to Canada’s economic recovery, resulting in the loss of thousands of Canadian jobs. “The high-tax agenda shared by the Ignatieff Liberals, the NDP and Bloc Québécois will kill jobs, stall our economic recovery and jeopardize the financial security of hard-working Canadian entrepreneurs and families.”
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