39ec Ted Menzies, MP - Macleod - Did you know...? - Edition 72
Did you know...? - Edition 72
December 22, 2010
Did You Know That…During the Finance Ministers Meeting (FMM) in Kananaskis, Alberta on December 19th and 20th, The Honourable Jim Flaherty, Minister of Finance secured an agreement with the provinces and territories to proceed with the Pooled Registered Pension Plan (PRPP).  The economy remains your Government’s top priority. During this fragile economic recovery, Canadians want us to focus on creating jobs and economic growth.  They want us to provide stability, economic certainty and financial security.   During the FMM, your Government reached an agreement to proceed with the innovative new pooled registered pension plan after an agreement was reached with the provinces and territories.  Millions of Canadians do not have access to private sector pension plans because small businesses face significant challenges in offering pension plans to their employees or because they are self-employed.  The innovative new Pooled Registered Pension Plan will allow these businesses to team up and pool their resources using a registered financial institution and will allow the self-employed to participate.  As a result, millions of Canadians who either work for small and medium-sized businesses or are self-employed will have access to good, affordable, secure pension plans for the first time.  The Pooled Registered Pension Plan will be the biggest step forward for retirement security since we introduced the Tax-Free Savings Account.  For more information: http://www.fin.gc.ca/n10/10-128-eng.asp

Did You Know That… 
The, the International Monetary Fund (IMF) released their latest assessment of Canada’s economy.   As the global economy continues its fragile recovery, your Government is focussed on helping create jobs and promoting economic growth.   With the help of Canada’s Economic Action Plan, Canada has weathered the storm better than other industrialized countries.  Canada is leading the economic recovery with: five consecutive quarters of economic growth; over 440,000 new jobs created in the last year and a half; a financial system again ranked the soundest in the world; and  both the IMF and OECD projecting Canada to have the strongest average growth for the G7 in the years ahead.  The IMF report confirmed our strong position declaring “Canada has performed well compared with its G-7 counterparts” while applauding our Government’s “strong policy response to the crisis … which have enabled Canada to exit the crisis on a strong footing.” It also reinforced the effectiveness of Canada’s Economic Action Plan by pointing out we are the only G-7 country to both recoup the jobs lost during the recession and make year-over-year job gains, all while keeping Canada’s net debt the lowest in the G-7.  The IMF also praised your Government’s economic policies as “growth-friendly measures to support Canada’s long-run economic potential, notably infrastructure spending and cuts in corporate income tax.”    For more information: http://www.fin.gc.ca/n10/10-130-eng.asp
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