|By Marketwired .||
|August 23, 2013 07:59 PM EDT||
HAMILTON, ONTARIO -- (Marketwired) -- 08/23/13 -- The Honourable Tony Clement, President of the Treasury Board, spoke to business leaders in Hamilton today about government measures to reduce red tape for business, keep taxes low, and create jobs, growth and long-term prosperity.
"Our Economic Action Plan helps Canadian manufacturers and businesses succeed in the global economy by enhancing the conditions for creating and growing businesses," said Minister Clement.
Economic Action Plan 2013 includes measures to address Canada's skills shortage-a significant impediment to growth-and boost business investment. The Canada Job Grant program will provide up to $15,000 to help people get the skills training they need for the jobs that businesses need filled. Economic Action Plan 2013 also provides for $1.4 billion in tax credits for Canadian manufacturers to invest in new machinery and equipment as part of a renewed accelerated capital cost allowance.
Minister Clement also spoke about the Government's Red Tape Reduction Action Plan, which has saved Canadian businesses millions in administrative costs by eliminating unnecessary and time-consuming red tape in areas ranging from tax and payroll to labour, transport and trade. Launched last October, the Plan introduces time-saving measures like single windows and electronic submissions
"Cutting red tape and making the regulatory process as pain-free as possible is one of the most important initiatives government can do to help business thrive, particularly during a time of global economic uncertainty," added Minister Clement. "Our Government is focused on supporting Canadian competitiveness and freeing business to do what it does best: innovate, invest, grow, and create jobs."
To learn more about the Government's regulatory reforms, visit the Red Tape Reduction Action Plan.
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