Business

Canada's Economic Action Plan (EAP) provides assistance to Canadian businesses. You can select one of the following links to see a complete list of initiatives of interest to the following sectors:

Through the stimulus phase of the Economic Action Plan, the government invested $200 million toward 210 social housing construction and renovation projects in Yukon, Northwest Territories, and Nunavut.
Greenhouse gas emissions and air pollutants are harmful to Canadians' health, degrade the environment and contribute to climate change.
Economic Action Plan 2012 proposes to simplify the SR&ED program by removing capital from the expenditure base.

Small businesses are a key part of Canada's economy. The Government agrees with the Canadian Federation of Independent Business that "small businesses are indispensable in their role as job creators and innovators all across Canada."

Economic Action Plan 2012 announces the upcoming launch of the Western Innovation Program.

Economic Action Plan 2012 proposes measures to reduce the tax compliance burden for small businesses and announces a number of administrative improvements by the Canada Revenue Agency.

The Government announces a study of contingency fees charged by tax preparers.

Economic Action Plan 2012 proposes to review Canada's preferential tariff regime for developing countries.

In September 2009, as part of its response to the global economic crisis, the G-20 created the Framework for Strong, Sustainable and Balanced Growth. The G-20 Framework is a forum where members identify and assess global economic risks and vulnerabilities, and coordinate policies designed to foster stronger, more sustainable and balanced economic growth. Canada and India have co-chaired the Framework Working Group since its launch at the 2009 Pittsburgh Summit.
The Government is actively negotiating and concluding tax treaties to reduce tax barriers to international trade and investment, strengthen Canada's bilateral economic relationships, and create enhanced opportunities for Canadian businesses abroad. Since 2007:
  • New tax treaties with Gabon, Greece and Turkey have come into force.
  • Updated tax treaties and protocols with Finland, Italy, Korea, Mexico, Switzerland and the United States have come into force.
  • New tax treaties with Colombia and Namibia have been signed.

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