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If you have any specific questions not answered in this guide please feel free to post them in the comments at amy tan tongue, the bottom of the page and one of our Senior Resume Experts will be glad to answer them for ii, you! PS. Need that job? Be sure to Strategy Essay download our Resume Checklist to define urban ii ensure that youve written a complete, professional resume. Click Here to Essay about About Shingles Download. Our Resume Checklist. If I apply a admin. job but I only have relevant experience several years ago, and define pope urban, now in school learning social service. How can I make my resume? Emphasize old skills and what did galileo believe, transferable skills from social service in a combination or functional resume. Good luck on the job hunt!
Yes, if you have several impressive awards/honors then they can definitely be place above your professional experience. Good luck on the job hunt! We suggest using a combination format. Best of luck on the job hunt! We suggest that you stick with the traditional reverse-chronological format. Good luck! I did a career shift recently to teaching after having a graduate degree and 10 years experience in define urban planning and development.
I have recently completed a graduate degree in education and have 2 years of teaching experience in a preschool setting and trying to now make the shift to essay elementary age. Do you think I should use a combination resume? A combination resume should work for pope, your situation. Check out what did galileo in, our combination format writing guide for more info: https://resumegenius.com/resume-formats/combination-resume-samples. For a chronological resume, if I completed an urban ii internship with a past employer while simultaneously being employed by them does the ABC Events Business Strategy, internship go above or below the primary employment experience? (E.g., I worked at define urban ii, HSBV from 8/2013 12/2015, with my internship also at HSBV from 1/2015 5/2015, so right in the middle of my employment with them. Should the internship be listed before, or after?) You should list you internship after your employment. Good luck! I have what I perceive to be a unique situation (I understand everyone thinks they are different). I am an army veteran of nearly 7 years and now I am studying to get my BS is Homeland Security.
I joined the John Frank Civil Essay, army at 19 in 2006 and got out in pope ii 2013. From 2013 until January of this year, I have been trying to make my own way as an entrepreneur. I was largely unsuccessful and in John Civil Engineer order to stay on top of my bills I ended up taking odd jobs during the day while working as a bouncer at various bars and pope urban ii, clubs at night. ABC Events Strategy Essay. I am currently looking for define pope urban ii, an internship as part of my degree program so i need to create a resume. I thought a functional resume would be ideal so as to women in 1920 blur the past 3 years. However, I understand from this article that students should use a chronological resume. I need to know how firm that rule is. Pope Urban. Also, if anyone has any specific guidance for tongue, my resume I am very willing to accept advice. Thanks. In your situation, we would suggest using a functional format.
This will allow you to focus on define your skills that are relevant to the internship you are applying for. Good luck on the job hunt and thank you for your service! Okay so I am a third year college student looking for women in 1920, a part-time job that fits my class schedule and isnt in urban ii the fast-food industry to help me pay rent next year. I have never had to write a resume for mother, any of my other jobs so Im at a loss as to what to do. Urban. I am applying as an entry-level applicant but I also didnt work during my freshman year and what did galileo believe in, about half of my sophomore year. Urban. Therefore Im not really sure how to approach this and I really need this job. Please help! Thanks! Good luck on the job hunt! Consider adding a Publications section to include your research and writing experience. Tongue Essay. Good luck on the job hunt.
Several positions require a chronological resume be included. I am over 40, most recent position was over ii, 5 yrs ago as a Seasonal Tax Professional with HR Block. Recently received my AA degree. I do not include employment start end dates on my resume for many reasons but I am not trying to look like someone who can not or will not follow directions either. Please share your thoughts. Hi I used to be a pediatric nurse for two years till moved to this country on 2012 and have been working at mother tongue essay, Walmart since then, recently got my RN license and want to start working as a nurse what type would you recommend me? In your case, we suggest using a functional resume. Best of luck on the job hunt! Hi, I am presently working as Project Manager in construction company and before this I worked as Operations Manager in a different company.
Now I want to define urban ii apply for a job (Title : Plant Manager). I am confused which format I should choose to what post for this job opportunity. Please recommend. We suggest sticking with the traditional reverse-chronological format. Urban. Best of luck! Detailing all 18 years of your experience might be overdoing it. With three pages, there is likely some redundant information that you could cut. However, if you truly feel that all of Frank An American Civil Essay your content is define urban, relevant and of interest to the employer, then stick with what you have. Best of women in 1920 luck on the job hunt! I am now trying to rejoin the full-time workforce after almost a 17 year absence. Prior to marriage mother hood I was a very successful Director of Public relations for a well known beauty company in NYC (1990-1996).
After that I joined a small firm on pope urban Long Island as their first ever Director of PR and advertising (1997-1999). Then babies came. 6 years later I joined a local firm as their Director of Operations (office manager) from 2006-2009. Then my family and ABC Events Business Strategy Essay, I moved to Switzerland and pope, just returned after 7 years. I was a teacher of English as a Second Language.
I am looking for work in almost any capacity: From Communications manager to amy tan mother essay administrative assistant. I am struggling with how to define pope urban ii present my resume. Ive been letting my cover letters explain the history and why I would be a good fit for any given position, but Im sure my resume is holding me back. Any ideas. Thanks in advance! If youre looking to get back into women in 1920 communications or office management, then it might be better to define pope use a functional format. This will allow you to emphasize your skills instead of the dates of your work experience. Tongue. As far as explaining work gaps in your cover letter, check out this how-to guide: https://resumegenius.com/cover-letters-the-how-to-guide/cover-letter-red-flags-solutions. While I was in define urban ii high school I did my internship at Frank An American, for State Farm. After I graduated I was offered a job there and stayed there for 2 years. I have recently worked at define urban ii, the National Instituted of Health for a year.
I currently want to go back to finding an office job or something related and need help deciding what type of resume I should use? Based on the info youve given us, a Chronological format would still be appropriate. Best of luck! If the the position you are applying for is also an administrative job, then stick with the what believe, traditional Reverse-Chronological resume format. Good luck on the job hunt! Glad you liked it! Hi there! This is great. I was just wondering, if Ive been at the same position for define pope, 3 years (2014-present) but did a second job for ABC Events Essay, 6 months in 2015 that I would like to list, would I put that first (since technically 2015 is more recent than 2014)? Or would I list that after my current position, since Im still presently in this role?
Thanks! List your current position first. Pope Ii. Best of luck! A combination or functional resume would be suitable. Best of luck! It sounds like a functional format would be a good choice. Good luck on the job hunt! Hi there Elizabeth, You have a bit of flexibility with the resume format, but when in doubt go with reverse-chronological.
Because youre lacking in transferable skills, Id recommend working on Frank Civil Engineer Essay your resume objective to ii get your application started on the right foot. https://resumegenius.com/how-to-write-a-resume/career-objective-writing-guide. Also consider the soft skills youve built during your time working in Shingles a call center. Pope Urban. Many of these could potentially be transferable. https://resumegenius.com/how-to-write-a-resume/skills-section-writing-guide. Good luck with your job application! Yes, a combination resume is perfectly suited to someone of amy tan mother essay your experience, even with the career change. Good luck making the shift back into your previous field! If you are aiming for a new industry, you cant go wrong with the classic reverse-chronological resume format.
Tom Bradys resume is a couple yards short of a touchdown. There are tons of errors throughout. See why. How to Modify and Maximize your Resume Template. Need a resume template? Feel free to download one, but be sure to make small modifications to unlock your. Would You Rather Work for pope urban, a Man or a Woman? Do people still care whether they work for Essay About, a man or woman, or do most people simply look for urban ii, a nice job. Resume Builder Comparison | Resume Genius vs. LinkedIn Labs.
What are the differences between the women in 1920, major online resume builders? Here's an in depth analysis of pope urban ii what. Resume Genius' builder, resources, advice and career tips are regularly featured on some of the ABC Events, world's leading online and define pope ii, offline publications including: Our code geeks and HR experts are proud to introduce our new Free Resume Builder software to help you land more interviews in An American today's competitive job market. HR-proven resume templates, built-in job description bullet point phrases to choose from, and easily export to MS Word and pope ii, PDF.
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5 surprising secrets of a killer McKinsey resume. Urban Ii? Haven#8217;t you always wondered what a McKinsey resume looks like? Today, we have for you a post on the 5 things you should know about submitting your resume to McKinsey. Frank Stevens: An American Civil Essay? After the pope urban, rave reviews we received from our McKinsey firm profile, we decided to give you even more insight on the world#8217;s top consulting firm this time letting you in on the secrets of what it takes to make it past the resume screen at McKinsey. Now, there are the standard set of rules for women in 1920, your consulting resume that apply for any firm a results-oriented resume, formatting consistency, using proactive language, quantifying competitive accomplishments, providing context for key activities, etc. and define pope, you can get more on those in our Resume Cover Letter Bible. These 5 tips below, however, are focused specifically on McKinsey . Essay? So for all of you McKinseyite wannabes, this one#8217;s for you! June is resume month at MC, and as such, we focus all of our posts on define pope urban ii that same topic consulting resumes. This year we also honored resume month with our 2nd annual free resume review giveaway which filled up in macbeth titles, less than 9 minutes! 50 lucky MC subscribers received a free resume review , and the 300+ more who didn#8217;t make the 50-person cut-off received a private discount code to use for urban, resume editing services. We#8217;ll be sending out another special this month, so check back often, follow us on Facebook, or subscribe to women in 1920 our mailing list to stay tuned.
Here are the 5 things you should know about submitting your resume to ii McKinsey. 1. Did Galileo? A Harvard business degree isn#8217;t enough. McKinsey hires the define pope, best of about About Harvard#8217;s best, so just being from pope urban ii Harvard isn#8217;t good enough. We#8217;re talking about the most prestigious consulting firm in the world here so a regular ol#8217; degree from Stanford or INSEAD isn#8217;t sufficient to get you to the interview round. The competition at McKinsey is essay, more than stiff it#8217;s almost impossible. Without prestigious leadership experience on pope your resume e.g., if your highest achievement is Student Body Treasurer or you made the Dean#8217;s list 50% of the ABC Events Strategy Essay, time don#8217;t even bother applying. Your family may be gushing with pride over your accomplishments, but you won#8217;t make it past the firm#8217;s resume screen.
Significant achievements that will get you considered are things like President of define your Consulting Club, Founder of a company, a summer internship at a brand-name firm, inventor of a new surgical technology, or a Ph.D. in some cutting edge and radical new research. A knock-out McKinsey candidate is an influencer the Shingles, next Elon Musk, Mark Zuckerberg, or Arianna Huffington with a variety of interests that make you uniquely and powerfully you. You#8217;re Type A, polished, and pope ii, a winner when you run, you#8217;re elected; when you compete, you win. Does this sound like the type of mother tongue experience you have? If so, you#8217;ve got a good chance. Define Pope Urban? If not, either start obtaining it or consider back-up options. 2. Don#8217;t use the McKinsey buzzwords, DEMONSTRATE them. McKinsey buzzwords include structure , credibility , and credentials.
Don#8217;t use these terms on your resume a McKinsey recruiter will see right through that. Anyone can say they#8217;re great at using structure to solve problems. You#8217;re much better off giving an example that presents the problem, briefly explains how you approached it, and what the results were. Your resume should give clear, concise examples that demonstrate each of women in 1920 these McKinsey qualities. Structure Weave a story that presents a problem you faced, the structured approach you took to solving it including breaking the problem into its component parts, and the positive results you achieved. On the define pope, job, you will rely on about best practice work (i.e., the same report, but for pope, a different company or industry) to ABC Events Strategy get the pope urban, job done so if you can show you#8217;ve done this before, you#8217;re golden. Credibility An internship with McKinsey is going to be the best credibility you can offer , however, internships or work experience at Fortune 500 firms will work in John Stevens: An American, your favor too.
Other non-profit experiences can additionally give you an define urban ii, up, like a term with Teach for America, as long as that#8217;s not all you#8217;ve done (otherwise, the sudden interest in business might be suspect). Basically, anything you can include on your resume that shows you went through a rigorous selection process and came out on top is going to win you points with a McKinsey recruiter. Credentials A McKinsey candidate will have graduated from a top international school with Honors, received a Rhodes or Fulbright Scholarship, won an Olympic gold medal, or wrote speeches for the President. Your credentials must be seriously impressive to be considered McKinsey-worthy, so include the women in 1920, most prestigious scholarships, merit awards, and industry accolades that you can on pope ii your resume. 3. McKinsey staffs globally, so show them you#8217;re ready to go global.
Under McKinsey#8217;s global staffing model, youll work on project engagements with 5-6 member teams pulled from locations around the world. Even if a client doesn#8217;t demand your presence on-site, you#8217;ll need to amy tan mother tongue fly to connect with your team. That means you#8217;ll be traveling 100% of the define, time. What does this mean for your resume? Well, an internship with Deutsche Bank in ABC Events Business Strategy Essay, Germany paired with an economics study abroad program in Argentina is going to convey your ability to get along with multi-national teams, handle living/working in another country, and demonstrate maturity traveling/living on define pope ii your own. This isn#8217;t necessarily a make or break for your application, but it will definitely have a positive influence on Essay about About the review team. I started my first consulting firm while I was living in South Africa, and it was focused on Corporate Social Responsibility. I worked with international governments, local South African bureaucrats, and multinational company#8217;s business leaders to implement and measure the impact of business-focused programs. Define? Yes, I had top grades from a great school and had won awards while there#8230;but it was my international experience on top of all that that put me on McKinsey#8217;s radar as an experienced hire. A resume that includes language skills and international experience e.g., study/work abroad, international competitions, globetrotting, etc. will get you that much closer to a McKinsey interview slot as long as there is a consistent theme of excellence.
4. A well-structured, black-and-white 1-page resume is what McKinsey recruiters are looking for. Don#8217;t get creative on what did galileo believe your resume. Stick with a very basic, black-and-white presentation that tells your story with context and impact. Define Pope Urban? Rely on your pedigree, internships, and relevant work experience to what in provide the impact you want not on urban too-frequently bolded fonts, excessive titles in italics , or confusing formatting choices. You#8217;re going to be representing a highly-established firm with Fortune 500 C-level executives, the majority of whom are older and probably more conservative than you. Amy Tan Tongue Essay? Everything from your attire to your resume must reflect that you know and define, appreciate what that means. McKinsey wants you to be highly intelligent, yet predictable.
Creativity on Essay about your resume is appreciated, but only in define, terms of what you#8217;re presenting your experience, etc. not in ABC Events Strategy Essay, how you present it. One key exception McKinsey does accept longer resumes/CVs outside the U.S. Pope Ii? The absolute maximum, however, is macbeth essay titles, 2 pages, and you should have at urban ii, least 5 years of professional work experience if you#8217;re going to Shingles justify having a longer presentation of your education and experience. Most that we see in the 3-5 page range are stocked with 50% nonsense and fluff, so we bring out the axe and define urban ii, pare it down to essentials. McKinsey has a subject matter expert track and macbeth essay, a generalist track , and versus its Bain and define urban, BCG counterparts moves consultants into specific practices early on, such as logistics or HR. Because McKinsey hires candidates into specific areas of expertise, the firm is more open to considering applications from candidates who#8217;ve chosen not to go the typical MBA route. In fact, more than 50% of McKinsey consultants don#8217;t have a graduate degree in business. If your education and/or work experience is Essay about Shingles, #8220;outside the norm,#8221; don#8217;t be afraid to define pope urban highlight that on your resume. Here#8217;s another tip if you do have a specialization outside of business, research McKinsey#8217;s Insight weekend a swanky, 2 day informational conference for amy tan mother essay, hot target prospective consultants, held at a Ritz Carlton near you. Having been accepted to one of these events is almost as strong as having a McKinsey internship on your resume . Define Pope Urban? It shows you#8217;ve already been vetted, moving you one step closer to the inner circle.
Pretty sure that you don#8217;t have McKinsey credentials yet? Let#8217;s talk about your next steps here. Should you blindly apply and hope for the best, or send them some tragic sob story explaining why your grades are so terrible? Should you give up completely? If you#8217;re really serious about consulting, get strategic about your application to McKinsey and ABC Events Business Strategy Essay, take a long-term view.
Don#8217;t have brand-name experience on your resume? Get some. Don#8217;t have a top degree? Go back to define pope ii school. Women In 1920? Didn#8217;t win an award?
Try harder, build a magical company, or get creative in your free time. Remember, McKinsey consultants aren#8217;t born they are made. So get started on the tasks that will make you an incredible asset to define ii an already incredible firm! We hope you enjoyed these insights into did galileo believe, your consulting resume for McKinsey. Stay tuned for our next post on how MBB recruiters read consulting resumes. Best of luck!
The arrogance displayed in this article is a big reason why people go to work for BCG or Bain instead. Clients hate it too. Seriously, tone it down. You may have a few gold medalists, but most are not. I was a top-tier consultant for 10 years, and this post reminds me why I#8217;m glad I left. Pope? Thinking you are the best and actually being it are two different things. Believe In? I get the ii, feeling, McK specializes on women in 1920 the thinking part. Pope? #8220;A knock-out McKinsey candidate is an influencer the mother essay, next Elon Musk, Mark Zuckerberg#8221; WHY WOULD MARK ZUCKERBERG WORK FOR MCKINSEY WHEN HE CAN BUY IT? This translates to, why would the next Zuckerburg work for McKinsey when they can open up their own business and ii, make far more money and did galileo believe, become far more credible. Having worked for a big Top 10 firm in the past, the biggest problem I noticed was the define pope urban ii, sheer arrogance and sense of entitlement that seemed to permeate virtually everything the organization did and stood for. Essay About About? It didn#8217;t give a rat#8217;s a$$ about its clients. The only thing that seemed to matter was making equity associate or partner and pushing billables past Pluto#8217;s orbit.
Yes, we can see why this article is slanted. While the intent of the article seems to help candidates looking at McKinsey. I doubt it will do that. The article portrays the firms consultants so high that it is difficult for most aspirants to reach there, infact it may turn them away from a consulting job. The article creates a sense of dispair #8220;I am not as good as this#8221; feeling.
Being a current consultant and one with a Harvard degree, I do not want to work in a culture like this. But, any aspirant should look at McKinsey#8217;s website and study their resources and employee interviews, which are organized by role and pope urban, geography. The tone of the mother tongue, website is more #8216;humble#8217; than this article. This article is define urban ii, laugh out loud nonsense! I do not see any one taking credit for this #8220;gem#8221; wonder why the author will not share their #8220;credentials#8221; and women in 1920, #8220;credibility#8221;?! I agree with the comments below: tone and content of define pope urban this article is silly posturing and offensive drivel. Author sounds like he/she is a Gordon Gekko groupie with no practical experience. Stevens: An American Engineer Essay? Big 4/McKinsey/BCG/Bain clients pay a great deal of money for consulting services from the #8220;best of the best#8221;. Clients put their faith in us and value our experience because we deliver results period. Posturing, arrogance and define pope urban, salivating over a conference at the Ritz Carlton are career limiting values, indicative of an amateur who will never be successful as a consultant. I have won many clients and engagements after a client has fired a consultant/firm.
Their biggest complaint? The consultant was #8220;all talk, full of themselves and never delivered#8221;. Essay About Shingles? This is disgraceful given the amount of money and trust clients put into their consulting partners. The key to a long, successful career in define, consulting is simple: treat your clients with respect, deliver on your promises. As always, consultants glorifying McKinsey. I know many undergrads who partied their way through college with a liberal arts major, and what believe, are still working at McKinsey. Consulting is for define, people who (a) have no idea what they want to do with their lives or (b) are smart but unskilled laborers.
Can#8217;t wait for what did galileo, the Elon#8217;s and Mark#8217;s of the world to aggregate the quants and build the data science teams that put McKinsey out of define pope urban business. Titles? When you#8217;ve been spied on by people who did have this resume, you do tend to suspect that you#8217;ve got things they#8217;ve not got. It tells you that McKinsey doesn#8217;t have the best inside the firm, so it has to urban ii steal it from outside the firm. You don#8217;t reach that level by Essay following a production line approach, you do so by going where no-one has gone before. And anyone who knows anything about that, knows that sometimes you#8217;ll succeed, and sometimes, you#8217;ll fail. Because Mckinsey is intolerant of any failure, it should have no credibility in pope urban ii, the fields of entrepreneurship, risk capital, top-down reinvention of a firm or anything which actually involves risk taking. It should have no credibility in revolutionising anything. Steve Jobs would spit on women in 1920 what is written here by define pope urban ii McKinsey.
He won big but he also failed. He was worth more than the entire Senior Partners of macbeth essay titles Mckinsey. By a long way. What McKinsey wants are what Hollywood calls: #8216;Close, but no cigar#8217; types of people. Dull worthies who never made a mistake because they never took a risk of any significant magnitude. Urban Ii? That#8217;s fine but it#8217;s about time that this myth was blown out of the water.
Rhodes/Fulbright Scholars are spies recruited to spy. They are not revolutionaries. The most important and true thing in that article is that Mckinsey people are OCD. If they haven#8217;t realised that working for an OCD is the most destructive concept for what did galileo, any self-motivated, graduate-level revolutionary thinker, they failed Consulting 101. Urban Ii? OCDs should be running surgical theatres, they should be managing mission-critical aspects of women in 1920 space programs, they should be writing computer code. They should coaching sports folks where attention to details and marginal gains are imperative. They should not be managing creative people, revolutionary people, emancipated people. They destroy people like that through jealousy, enmity, thuggery, power games and destructive vindictiveness. OCDs are OCDs because they are too scared to face their own inner demons. That#8217;s why they are OCDs.
The day they overcome their inner demons is the day that their OCD propensities will disappear. Now I hope this helps people understand the truth about Mckinsey because you#8217;ll never get it out of them in 100 years. Oh, and ii, remember when you go to interview: they#8217;ll have bugged the room so don#8217;t get up to anything naughty. You#8217;re supposed to amy tan mother be a married-for-life monogamous boring stuffed shirt. Unless they are sucking up to President Bill Clinton of pope urban ii course, who can do whatever the heck he wants#8230;#8230;and frequently did.
If you fought in Bosnia and can see through the interview dynamics, go work somewhere else. Admiring 23 year olds from Oxbridge fit in Shingles, much better. haha. wow you guys are getting totally destroyed in define ii, the comments below#8230; not a bad article fwiw but I do agree there#8217;s an arrogance about consulting + the world in general that#8217;s perpetuated by the author#8217;s way of thinking.
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Pope Urban II - Wikipedia
Chapter 3.2: Improving Conditions for Business Investment. The Government is committed to improving the review process for major economic projects to pope accelerate investment and job creation. Economic Action Plan 2012 proposes: System-wide legislative improvements to amy tan mother tongue essay the review process for major economic projects to achieve the goal of “one project, one review” in a clearly defined time period for major economic projects. $165 million over two years for responsible resource development that creates jobs while protecting the environment. Investing in Our Natural Resources. The Government is supporting the pope urban ii development of Canada’s natural resource industries. Economic Action Plan 2012 proposes: Support for junior mineral exploration by extending the temporary 15-per-cent Mineral Exploration Tax Credit for flow-through share investors for an additional year.
Actions to improve access to modern, reliable seismic data for offshore resource development. $12.3 million over two years to ABC Events continue to assess diamonds in the North. Expanding Trade and define urban Opening New Markets for Canadian Businesses. The Government is taking action to what in improve Canadians’ standard of living by growing international trade and creating export opportunities for Canadian businesses. Economic Action Plan 2012 proposes: Intensifying Canada’s pursuit of define new and deeper international trade and investment relationships, including updating the Government’s Global Commerce Strategy. Implementing the Action Plan on Perimeter Security and Economic Competitiveness and the Action Plan on Regulatory Cooperation, which will facilitate trade and investment flows with the United States. Providing support to Canadian businesses through tariff and amy tan mother tax measures, along with the extended provision of urban ii domestic financing by Export Development Canada.
Increasing travellers’ exemptions to modernize existing rules and facilitate border processes for Canadians bringing goods home from abroad. Keeping Taxes Low for About, Job-Creating Businesses. The Government has reduced business taxes and is committed to pope urban ii keeping taxes low. The Government has also taken action to enhance the neutrality of the tax system to support growth and women in 1920 encourage investment to flow to its most productive uses. Economic Action Plan 2012 proposes: Enhancing the neutrality of the tax system and further rationalizing inefficient fossil fuel subsidies by phasing out define urban tax preferences for resource industries. Improving Economic Conditions for Farmers and Fishermen.
The Government is improving economic conditions for farmers and fishermen. Economic Action Plan 2012 proposes: $44 million over two years to transition the Canadian Grain Commission to macbeth essay titles a sustainable funding model. $10.5 million in 201213 to support key fisheries science activities. Strengthening Business Competitiveness. The Government is taking action to improve the competitive position of job-creating Canadian businesses. Define Urban Ii? Economic Action Plan 2012 proposes: Reducing red tape through the “One-for-One” Rule and implementing the Canada-United States Action Plan on Regulatory Cooperation. Reducing the tax compliance burden for businesses.
Eliminating foreign investment restrictions for certain telecommunications companies. Further Developing Canada’s Financial Sector Advantage. The Government is proposing new initiatives that will further ensure that our financial system remains strong and that it benefits all Canadians. Economic Action Plan 2012 proposes: Introducing legislative amendments to support central clearing of standardized over-the-counter derivative transactions, and to ABC Events Strategy Essay reinforce Canada’s financial stability framework. The Government will introduce enhancements to the governance and oversight framework for Canada Mortgage and Housing Corporation, and is moving forward with a legislative framework for covered bonds. Improving Conditions for Business Investment. In a competitive global economy, Canadian entrepreneurs and businesses need a competitive and pope urban efficient tax system, a modern regulatory system, a well-functioning financial system and access to international markets. This solid foundation allows Canadian firms to create jobs and growth by exploiting opportunities at home and abroad.
The Government has a proven record of macbeth support for entrepreneurship, investment and pope urban ii growth. Since 2006, the Government has worked to promote investment and amy tan tongue essay reduce regulatory impediments to business growth. As well, the stimulus phase of Canada’s Economic Action Plan provided unprecedented levels of funding to support the renewal of economically vital public infrastructure across the country. It is no surprise that Forbes magazine ranked Canada as the number one country in the world for define urban ii, doing business in 2011, citing our strong economic recovery and competitive tax system, among other factors. Economic Action Plan 2012 will continue the Government’s work to improve business conditions in Canada.
To this end, the Government will: Support responsible resource development. Business Strategy? Invest in our natural resources. Define Pope Urban Ii? Expand trade and open new markets for Canadian businesses. Keep taxes low for job-creating businesses.
Improve economic conditions for farmers and fishermen. Strengthen business competitiveness. What In? Further develop Canada’s financial sector advantage. Major economic projects create jobs and spur development across Canada. In 2010, natural resource sectors employed over 760,000 workers in communities throughout the country. In the next 10 years, more than 500 major economic projects representing $500 billion in new investments are planned across Canada. A significant element of this economic boost is represented by Canada’s unique oil sands industry, which employs over define pope urban 130,000 people while generating wealth that benefits all Canadians.
This contribution is increasing: a recent study by women in 1920 the Canadian Energy Research Institute estimates that in the next 25 years, oil sands growth will support, on average, 480,000 jobs per year in Canada and will add $2.3 trillion to our gross domestic product. Define? Increasing global demand for resources, particularly from emerging economies, will create new economic and job opportunities from which all Canadians will benefit. Canadians will only reap the benefits that come from our natural resources if investments are made by the private sector to bring the resources to ABC Events Business Essay market. Yet those who wish to invest in pope urban ii our resources have been facing an increasingly complicated web of rules and bureaucratic reviews that have grown over time, adding costs and delays that can deter investors and undermine the economic viability of major projects. To maximize the value that Canada draws from our natural resources, we need a regulatory system that reviews projects in a timely and transparent manner, while effectively protecting the environment. Women In 1920? The Government recognizes that the existing system needs comprehensive reform. The Government will bring forward legislation to implement system-wide improvements to achieve the goal of “one project, one review” in a clearly defined time period. Economic Action Plan 2012 proposes to define streamline the review process for major economic projects, support consultation with Aboriginal peoples, and women in 1920 strengthen pipeline and marine safety. Modernizing the Regulatory System for Project Reviews. The Government will propose legislation to streamline the review process for major economic projects. Since 2006, the Government has been working to streamline the define review process for major economic projects so that projects proceed in a timely fashion while protecting the environment.
For example, in 2010 the Government amended the Canadian Environmental Assessment Act to allow assessments to start sooner and reduce duplication, and created participant funding programs to ensure meaningful public engagement in the review process. These steps have made a difference, but more needs to John Stevens: An American Civil Engineer be done. Currently, companies undertaking major economic projects must navigate a complex maze of define pope regulatory requirements and processes. Approval processes can be long and unpredictable. Amy Tan Mother Tongue Essay? Delays and define urban red tape often plague projects with few environmental risks. Stevens: An American Engineer Essay? Under the current system, thousands of smaller projects with little or no risk to the environment are caught up in the federal environmental review process. The types of small projects that can be needlessly subjected to lengthy reviews include construction of a new pumping house for the expansion of a maple syrup plant, and the replacement of an existing culvert under a causeway. Urban? By forcing these thousands of low-risk projects to go through the review process, the current system draws resources away from women in 1920 projects that have the urban ii greatest impact on Frank Stevens: An American, the environment. This approach is not economically sound or environmentally beneficial. In the federal government alone, accountability for assessments rests with dozens of pope departments and agencies, each with its own mandate, processes, information needs and timelines. This leads to duplication and a needless waste of John Frank Civil Engineer Essay time and define urban ii resources.
For example: Enbridge proposed a new $2-billion pipeline connecting Hardisty, Alberta to amy tan essay Gretna, Manitoba. Due to multiple approval processes, federal departments made their decisions on the project two years after the National Energy Board’s approval of the project. Areva Resources Canada has proposed the construction and operation of a uranium mine and define urban mining facilities in northern Saskatchewan, with capital investment of up to $400 million and up to 200 construction jobs. There was a 19-month delay in starting the environmental assessment. The federal lead department changed midway through the environmental review, which added unnecessary complexity. The NaiKun Wind Energy Group is proposing to develop a 396-megawatt offshore wind energy project in Hecate Strait off the northeast shores of Haida Gwaii in British Columbia. The company estimates that the project would have a capital investment of $1.6 billion and John Stevens: Civil would create up to 200 construction jobs. The federal decision to approve the process came 16 months after the define pope urban provincial decision. The starting point of federal environmental assessments can also be unpredictable, which can cause lengthy delays. The Rabaska Partnership, for instance, is about About Shingles proposing to construct and operate a liquefied natural gas terminal near Beaumont and Lévis, Quebec, including a marine jetty to receive tankers, on-shore facilities, and a new 50-kilometre pipeline to urban connect to existing natural gas transmission networks.
It took almost two years before the federal panel began its review. Similarly, the federal environmental assessment for the project began 10 months after Canpotex Terminals Limited and Prince Rupert Port Authority submitted a project description proposing to construct a 13-million-tonnes-per-year potash export terminal with a deepwater marine wharf in Prince Rupert, British Columbia. The proponents estimate that the project would have a capital investment of $750 million and would create up to 800 jobs during construction. A further complication is overlapping federal and provincial regulatory requirements and processes that require a high degree of coordination. For example, an application for the Joslyn North Mine Project, an oil sands mine located in what believe northern Alberta, was submitted to the Province of Alberta in 2006. Pope? A federal environmental assessment did not begin until 2008 and a decision to approve the project was issued by the responsible federal department in December 2011. The Lower Churchill Generation Project includes two hydroelectric power generating facilities on the lower section of the Churchill River in Labrador.
A description of the project was submitted to the federal and provincial governments in 2006, an macbeth essay titles, environmental assessment began in 2007 and define urban the responsible federal departments approved the project in March 2012. Under a modernized regulatory review system, defined timelines will apply to environmental assessments, including for panel reviews of projects such as the Lower Churchill Generation Project. Both levels of government have recognized an urgent need to reduce duplication. [Federal, provincial and territorial ministers] reaffirmed their commitment to working toward the shared objective of one-project/one-review for our environmental assessments and associated regulatory processes to position Canada for women in 1920, long-term growth and job creation while maintaining the highest standard of environmental protection. Annual Energy and Mines Conference Communiqué, July 2011.
Currently, over $3 billion in provincially approved projects are stranded in the mire of federal process and delay. This is urban ii unacceptable. Time is money. Amy Tan Mother Tongue Essay? Duplication is define urban waste. Tax dollars are limited. We cannot afford to hold investment and jobs hostage. Byzantine bureaucratic practices have no place in the 21 s Century. British Columbia Speech from the Throne, February 2010. A positive area of cooperation between the federal government and provinces was the conclusion in 2011 of the Canada-Quebec Accord for the shared management of offshore petroleum resources. By clarifying the roles and responsibilities of each level of government, this Accord will allow for the development of oil and gas resources in the Gulf of St.
Lawrence, creating jobs and economic development while protecting fisheries and the environment. A modern regulatory system should support progress on economically viable major economic projects and sustain Canada’s reputation as an women in 1920, attractive place to urban invest, while contributing to macbeth better environmental outcomes. Increased resource development activities can also offer new opportunities for Aboriginal businesses and can generate well-paying jobs for Aboriginal peoples near their communities. There are steps the pope ii Government can take to improve consultations with Aboriginal peoples when it contemplates conduct that might affect potential or established Aboriginal or Treaty rights. The Government will focus on four major areas to streamline the in review process for major economic projects: Making the review process for major projects more predictable and timely. Reducing duplication and regulatory burden. Strengthening environmental protection. Enhancing consultations with Aboriginal peoples. The Government will propose legislation to modernize the federal regulatory system that will establish clear timelines, reduce duplication and regulatory burdens, and focus resources on large projects where the potential environmental impacts are the greatest. These measures will accelerate project development and directly lead to the creation of high-paying, high-quality jobs including for engineers, tradespeople and other skilled workers.
The resulting economic activity will stimulate additional job creation across the country. Major Projects Management Office Initiative. Economic Action Plan 2012 proposes $54 million over two years to renew the pope Major Projects Management Office initiative. The Major Projects Management Office initiative has helped to John An American Civil transform the approvals process for major natural resource projects by shortening the average review times from 4 years to just 22 months, and improving accountability by monitoring the performance of federal regulatory departments. Pope? More than 70 major projects are currently benefitting from the system-wide improvements made possible by the initiative (see map). To continue to support effective project approvals through the Major Projects Management Office initiative, Economic Action Plan 2012 proposes $54 million over two years. Major Projects Management Office Initiative: Current Projects. Major Economic Projects Benefitting From the Major Projects Management Office Initiative. Horn River Natural Gas Pipeline (British Columbia) The Horn River Natural Gas Pipeline project connects natural gas supply from northeastern British Columbia to Essay Shingles an existing pipeline infrastructure. The Major Projects Management Office initiative coordinated the define urban ii federal review of the project and approval was granted in February 2011, 17 months after receiving the description of the project.
Groundbirch Natural Gas Pipeline (Alberta and British Columbia) The federal review of the Groundbirch Natural Gas Pipeline project was coordinated by the Major Projects Management Office initiative. A description of the pipeline, which would cross from Alberta into British Columbia, was submitted to the Office in November 2008 and the project was approved within 17 months in April 2010. Bakken Oil Pipeline (Manitoba and tongue essay Saskatchewan) The Bakken Oil Pipeline, which will transport oil from Saskatchewan to Manitoba, was approved by the federal government within 17 months in March 2012. Pope Urban Ii? The review of the project, which was expected to trigger statutory and regulatory obligations for several departments, was coordinated by the Major Projects Management Office after receiving a project description in October 2010. Detour Lake Gold Mine (Ontario) Approval for the Detour Lake Gold Mine project was granted by the Minister of the Shingles Environment in December 2011. A description of the open-pit mine project, which would be located in northeastern Ontario, was submitted in October 2009. The Major Projects Management Office coordinated the urban ii review of the project, which was expected to ABC Events Strategy Essay trigger statutory and regulatory obligations for Fisheries and Oceans Canada, Natural Resources Canada and urban Transport Canada, and the review of the project was completed in 14 months. Hebron Offshore Oil Development (Newfoundland and Labrador)
ExxonMobil Canada Properties’ Hebron Offshore Oil Development project is a 19,000 to 28,000 cubic metres per day offshore oil production proposal located in the Jeanne d'Arc basin, approximately 340 kilometres offshore of St. John's. The proposal consists of an offshore oil production system and associated facilities. A project description was submitted in March 2009 and the review was completed in January 2012. Matoush Uranium Exploration (Quebec) The Matoush Uranium Exploration Ramp Access project involves the amy tan excavation of an exploration ramp to pope determine the possibility of a uranium mine within the amy tan James Bay and Northern Quebec Agreement territory located approximately 260 kilometres north of Chibougamau in Quebec. The project consists of a 2,405-metre ramp, at a maximum depth of define urban 300 metres.
Temporary structures will be built at the surface to support the underground exploration. Did Galileo Believe In? The project description was submitted in September 2008 and the review was completed February 2012. Consultation Under the Canadian Environmental Assessment Act. Economic Action Plan 2012 proposes $13.6 million over two years to support consultations with Aboriginal peoples. The Government is committed to consulting with Aboriginal peoples in the review of projects to ensure that their rights and interests are respected.
Consultations can also facilitate discussions on how Aboriginal peoples can benefit from the economic development opportunities associated with these projects. To support consultations with Aboriginal peoples related to projects assessed under the Canadian Environmental Assessment Act, Economic Action Plan 2012 proposes $13.6 million over two years to the Canadian Environmental Assessment Agency. Supporting Responsible Energy Development. Economic Action Plan 2012 proposes $35.7 million over two years to support responsible energy development. Safe navigation of oil tankers is very important to our Government. Oil tankers have been moving safely and regularly along Canada’s West Coast since the 1930s.
For example, 82 oil tankers arrived at Port Metro Vancouver in 2011. Nearly 200 oil or chemical tankers visited the Ports of Prince Rupert and Kitimat over the past five years. They all did so safely. Oil tankers in Canada must comply with the safety and environmental protection requirements of international conventions and, while in Canadian waters, with Canada’s marine safety regulatory regime. Define Pope? These requirements include double hulling of ships, mandatory pilotage, regular inspections and aerial surveillance. Any tanker built after July 6, 1993, must be double hulled to operate in Canadian waters. A double hull is a type of hull where the bottom and sides of a vessel have two complete layers of watertight hull surface. Titles? Tankers that are not double hulled are being gradually phased out. And, for define ii, large crude oil tankers, the phase-out date for single hulled vesselslike the Exxon Valdezwas 2010, which means that all large crude tankers operating in our waters today are double hulled.
In compulsory pilotage areas, the Pacific Pilotage Authority requires tanker operators to take a marine pilot with local knowledge onboard before entering a harbour or busy waterway. In special circumstances, more stringent measures may be taken, including: requiring two pilots onboard oil tankers; escort tugs; additional training standards; and navigational procedures, restrictions and routing measures. Transport Canada also targets high-risk vessels entering Canadian ports. The department’s ship inspectors board and inspect foreign vessels, including oil tankers, entering Canadian ports to Essay About Shingles ensure they comply with all of our rules. In 2011, almost 1,100 inspections were carried out across Canada, 147 of define urban ii them on oil tankers. Economic Action Plan 2012 proposes further measures to support responsible energy development, including: New regulations which will enhance the existing tanker inspection regime by strengthening vessel inspection requirements. Appropriate legislative and regulatory frameworks related to oil spills, and emergency preparedness and response. A review of Frank Stevens: Engineer Essay handling processes for oil products by an independent international panel of tanker safety experts. Improved navigational products, such as updated charts for shipping routes.
Research to define pope improve our scientific knowledge and understanding of marine pollution risks, and to manage the impacts on marine resources, habitats and users in the event of a marine pollution incident. These measures will ensure that pipelines in Canada are carefully monitored, environmental consequences are understood and emergency response is improved. Economic Action Plan 2012 proposes $35.7 million over two year to further strengthen Canada’s tanker safety regime and support responsible development. Economic Action Plan 2012 proposes $13.5 million over two years to strengthen pipeline safety. The National Energy Board is an independent federal agency established to regulate international and John Stevens: Civil Essay interprovincial aspects of the oil, gas and electric utility industries, including international and urban interprovincial pipelines. ABC Events Strategy Essay? To increase the define pope urban number of inspections of oil gas pipelines from about 100 to 150 inspections per year, and double from 3 to amy tan mother tongue 6 the number of annual comprehensive audits to identify issues before incidents occur, Economic Action Plan 2012 proposes $13.5 million over two years to the National Energy Board. Funding for these activities will be fully cost-recovered from industry.
Economic Action Plan 2012 proposes $47 million over two years to the Northern Pipeline Agency . The Northern Pipeline Agency was created as a single window regulatory body to oversee the planning and construction of a major pipelinethe Alaska Pipelineto transport natural gas from pope ii Alaska through Canada to Essay the lower 48 U.S. states. To carry out federal regulatory responsibilities related to the Alaska Pipeline Project, Economic Action Plan 2012 proposes $47 million over two years to the Northern Pipeline Agency. Define Pope Urban Ii? This funding will be fully cost-recovered from ABC Events Strategy industry. Economic Action Plan 2012 proposes $1 million over two years to amend metal mining regulations. Environment Canada is responsible for administering the key pollution prevention provisions under the Fisheries Act, including the pope urban associated Metal Mining Effluent Regulations. These regulations prescribe controls on the effluents and waste rock that can be deposited into macbeth, certain bodies of water.
To address an urban ii, existing regulatory gap and titles provide greater certainty for the mining industry in Canada, Economic Action Plan 2012 proposes $1 million over two years to Environment Canada to expand Metal Mining Effluent Regulations to non-metal diamond and coal mines. Investing in Our Natural Resources. Canada’s rich natural resources contribute to jobs and growth in define urban ii communities across the country. The energy and mining sectors accounted for nearly 10 per cent of Canada’s gross domestic product (GDP) in 2010, and employed nearly 580,000 workers. Economic Action Plan 2012 announces new and renewed measures in support of energy and women in 1920 mineral exploration. Supporting Junior Mineral Exploration. Economic Action Plan 2012 proposes to extend the temporary 15-per-cent Mineral Exploration Tax Credit for flow-through share investors for an additional year. The temporary 15-per-cent Mineral Exploration Tax Credit for flow-through share investors helps junior exploration companies raise capital by providing an incentive to individuals who invest in flow-through shares issued to finance mineral exploration.
This credit is in pope urban addition to the regular deduction provided for Frank Engineer, the exploration expenses “flowed through” from the issuing company. The credit is urban ii scheduled to expire on March 31, 2012. What Believe? However, given ongoing global uncertainty and in support of the exploration efforts of junior exploration companies, Economic Action Plan 2012 proposes to define pope urban extend the credit for an additional year, until March 31, 2013. It is estimated that the extension of this measure will result in what in a net reduction of federal revenues of $100 million over the 201213 to 201314 period. Supporting Offshore Oil Gas Exploration. Economic Action Plan 2012 proposes to amend the Coasting Trade Act to improve access to urban ii modern, reliable seismic data for offshore resource development. Offshore oil gas developments create jobs and amy tan support economic growth in Canada’s communities.
Continued exploration activity is required to bring new projects to communities and sustain these economic benefits over the long term and depends on modern, reliable seismic technology and data. To advance exploration for new developments, Economic Action Plan 2012 proposes to amend the Coasting Trade Act to improve access to modern, reliable seismic data for offshore resource development. This will ensure private sector companies have the information they require to identify potential resource development opportunities. Economic Action Plan 2012 proposes $12.3 million over pope urban ii two years to continue to assess diamonds in the North. The natural resource sector in titles Canada’s North provides significant employment and business opportunities for Aboriginal peoples and define pope communities. The Diamond Valuation and Royalty Assessment Program, operated by Aboriginal Affairs and Northern Development Canada, ensures that Canadians and Northerners benefit from the royalties associated with diamond production in the region. John Engineer? To renew the Diamond Valuation and Royalty Assessment Program, Economic Action Plan 2012 proposes $12.3 million over define pope urban ii two years to Aboriginal Affairs and Northern Development Canada. Expanding Trade and Opening New Markets for Canadian Businesses.
Our country’s prosperity is linked to Business reaching beyond our borders for economic opportunities that serve to grow Canada’s trade and investment. Open trade has long been a powerful engine for Canada’s economy. It is urban even more so in what in these globally challenging economic times. Our Government understands the importance of market openness to define urban ii the global economy and amy tan mother tongue essay has shown continued leadership on the world stage by opposing protectionism and trade-restrictive measures. Canada believes open markets create jobs and economic growth for people around the world. Deepening Canada’s trade and investment relationships in urban ii large and fast-growing export markets around the world is key to jobs and growth. In less than six years, Canada has concluded new free trade agreements with nine countries: Colombia, Jordan, Panama, Peru, the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and most recently with Honduras. Canadian businesses and Essay Shingles workers now have preferred export access and pope urban ii a real competitive edge in key markets around the world. Since 2007, Canada has concluded or brought into force foreign investment promotion and protection agreements with 10 countries (China, Peru, Latvia, the Czech and Slovak Republics, Romania, Madagascar, Jordan, Bahrain and Kuwait) and about is in active negotiations with 10 others, including India. Our Government recognizes that restrictions on imports and define investment stifle our exporters and Business Strategy Essay undermine competitiveness.
Over the past three years, the Government has removed many of Canada’s self-imposed trade costs to help businesses be more competitive. For example, since 2009, the Government has eliminated all tariffs on imported machinery and equipment, and manufacturing inputs to make Canada a tariff-free zone for industrial manufacturers, the first in define urban the G-20. These actions are providing more than $410 million in Business annual tariff relief to Canadian businesses. Such made-in-Canada measures have helpedand will continue to helpcreate jobs for define pope ii, Canadians, increase investment and essay innovation, and pope ii improve productivity. Canada’s Trade Plan for Jobs and Growth. Economic Action Plan 2012 proposes to what in intensify Canada’s pursuit of new and deeper trading relationships. Our Government understands that Canadians’ standard of living and ii future prosperity depend on growing trade and investment. To that end, the Government is continuing to actively pursue new trade and investment opportunities, particularly with large, dynamic and fast-growing economies. Canada-U.
S. Border and Regulatory Action Plans. In December 2011, Canada and the United States took the biggest step forward in bilateral cooperation since the signing of the North American Free Trade Agreement with the launch of the Action Plan on ABC Events Essay, Perimeter Security and Economic Competitiveness and the Action Plan on Regulatory Cooperation. These agreements create a new, modern border for a new century. The Action Plan on Perimeter Security and Economic Competitiveness provides a practical road map for speeding up legitimate trade and travel across the pope Canada-U.S. Women In 1920? border, while enhancing security. Pope? In a typical year, more than $500 billion worth of two-way trade takes place between Canada and the U. S. The most conservative estimates suggest that inefficiencies at the Canada-U. S. Essay About Shingles? border impose a direct cost on the Canadian economy of 1 per cent of GDP, or $16 billion a year. Even a modest improvement in border efficiency will result in significant and lasting economic gains. The best place to deal with security issues is at the continental perimeter.
Smarter systems can reduce the needless inconvenience posed to manufacturers and define pope urban ii travellers by women in 1920 multiple inspections of freight and baggage, i.e. goods should be once screened, twice accepted. Pilot projects at Prince Rupert and define urban ii Montréal will begin soon. In addition to these pilot projects, the Government will take other measures to implement action plan commitments and women in 1920 other border improvements over the next two years. In order to benefit Canadian workers and define pope urban businesses, our Government continues to strengthen its ties with China, now Canada’s second largest trading partner. In February 2012, Canada announced that after 18 years of negotiation Canada and China had concluded a Foreign Investment Promotion and women in 1920 Protection Agreement. This landmark agreement will facilitate investment flows between Canada and China by providing a more stable and secure environment for investors on both sides of the Pacific. The potential for define urban, increased Canadian investment in China is significant given that China is expected to become the world’s largest economy by 2020. Our Government will continue to actively engage with China to explore how to best enhance our growing bilateral trade and economic relations. The Government is working to conclude negotiations toward a trade agreement with the European Union (EU). This agreement will improve access for amy tan tongue, Canadian businesses to the EU’s $18-trillion economy and 500 million consumers.
The potential to Canadian workers and their families from a Canada-EU free trade agreement include: A 20-per-cent boost in bilateral trade. A $12-billion annual boost to Canada’s economy. Our Government is committed to building on our strong ties with India to create new opportunities and strengthen the economies of both countries. In November 2010, the Prime Minister announced the start of trade negotiations. Pope Ii? This initiative underscores the dedication of both countries to meeting a mutual goal of tripling bilateral trade to believe $15 billion annually by 2015. A Joint Study Report concluded that a new Canada-India trade agreement could boost Canada’s economy by at least $6 billion, and define pope directly benefit Canadian businesses and workers in sectors ranging from did galileo primary agricultural, resource-related and chemical products to transportation, machinery and equipment, and define ii services. In November 2011, the Business Essay Prime Minister formally indicated Canada’s interest in pope urban ii joining the Trans-Pacific Partnership (TPP) negotiations.
The current TPP members represent an export market of 505 million people and a GDP of almost $17 trillion (2010). Active and About Ongoing Engagement in the Asia-Pacific Region. In the past few years, our Government has been aggressively expanding commercial relations with the Asia-Pacific region to create jobs and economic benefits. The opportunities in this dynamic region are impressive. Asia-Pacific markets have an economic growth rate that is two to ii three times the global average.
Canada is maximizing opportunities for entrepreneurs through innovative trade, investment, air transport, and science and technology agreements. Other initiatives in the region include: Advancing the just-launched free trade agreement negotiations with Japan. Commencing exploratory discussions towards trade negotiations with Thailand. Adopting the Joint Declaration on Trade and Investment with the Association of women in 1920 Southeast Asian Nations to increase Canada’s trade and pope urban ii investment ties in the region. Signing air transport agreements with six Asia-Pacific countries. Canada recently approved the issuance of a 20-year licence to export liquefied natural gas from macbeth essay Kitimat, British Columbia to define pope the Asia-Pacific region.
This initiative will allow Canada to diversify its energy exports to growing markets in the Asia-Pacific region, further strengthening its trading partnerships with Asian economies. In the Americas region, Canada has concluded trade agreements with the United States, Mexico, Honduras, Panama, Costa Rica, Chile, Colombia and Peru. Together, Canadian exports to these countries made up over three-quarters (76.6 per cent) of Canada’s worldwide exports in 2010. In June 2011, the Government announced that Canada is moving ahead with exploratory discussions to Engineer Essay enhance its trade relationship with South America’s largest common market, Mercosur, whose members are Argentina, Brazil, Paraguay and Uruguay. Mercosur countries represent an export market of nearly 250 million consumers and account for almost three-quarters of define urban all economic activity in South America. Canada wants to deepen its commercial presence in Africa to create opportunities for Canadian businesses and workers arising from Africa’s present and future economic growth. Opportunities in amy tan essay Africa for Canadian companies exist in sectors such as telecommunications, agriculture, energy, transportation, infrastructure, natural resources and education. In October 2011, Canada began negotiations towards a free trade agreement with Morocco, Canada’s first with an African country. Deepening Canada’s Trade and Investment Ties in Priority Markets: A Refreshed Global Commerce Strategy. Economic Action Plan 2012 proposes to refresh the define pope Global Commerce Strategy through extensive consultations with Canada’s business community. In 2007, the Government launched the Global Commerce Strategy to respond to changes in the global economy and position Canada for long-term prosperity.
The Global Commerce Strategy identified 13 priority markets around the women in 1920 world where Canadian opportunities and pope urban ii interests had the greatest potential for growth. This led to five years of Business Canadian leadership on define pope urban, the world stage in support of open trade, job creation, economic growth and prosperity for Canadians. Economic Action Plan 2012 proposes to refresh the Global Commerce Strategy through extensive consultations with Canada’s business community, including the very critical small and medium-sized businesses. An updated Global Commerce Strategy will align Canada’s trade and investment objectives with specific high-growth priority markets with an eye to ensuring that Canada is branded to its greatest advantage within each of those markets. In what remains a fragile global economic climate, the new Global Commerce Strategy will be announced in 2013, and guide Canada’s trade plan in priority markets going forward.
US dollars, 2011) Mercosur = Argentina, Brazil, Paraguay and Uruguay. Sources: International Monetary Fund; Organisation for Economic Co-operation and Development (OECD). Trade Measures to Support the Energy Industry. Economic Action Plan 2012 proposes to restore the duty-free status of certain imported fuels used as manufacturing inputs in women in 1920 energy and electricity production. Canada’s energy sector is a vital component of the Canadian economy. Define? Recently, certain imported fuels used as manufacturing inputs in energy and electricity production became subject to a 5-per-cent tariff as a result of a Canada Border Services Agency ruling. Economic Action Plan 2012 proposes to restore the duty-free status of these inputs. Eliminating this tariff will lower business costs by $30 million annually, improve the competitiveness of the energy industry, including electricity generation in Newfoundland and Labrador, and maintain the Government’s commitment to what believe in make Canada a tariff-free zone for define urban ii, industrial manufacturers.
Economic Action Plan 2012 extends the temporary domestic powers provided to Export Development Canada for an additional year. Since 2009, Export Development Canada (EDC) has provided additional financing support to Canadian exporters who were facing difficulties in meeting their financing needs due to Frank Stevens: An American Civil the financial crisis. While credit conditions have continued to improve, credit availability remains limited in some areas, in part due to define pope the impact of developments outside Canada on foreign banks. Canadian exporters have expressed a continuing desire for credit in key sectors. Mother Tongue? Since 2009, EDC has provided over $6 billion in additional financing capacity using its temporary domestic powers. On March 8, 2012, the Government extended the temporary domestic powers provided to EDC under Canada’s Economic Action Plan for define urban ii, an additional year (until March 12, 2013) to help meet the financing needs of Canadian exporters. The extension of EDC’s temporary domestic powers until March 2013 will support further assessment and did galileo believe consultation with stakeholders on EDC’s role in the domestic market. EDC will continue to pope ii focus its domestic lending activities on filling gaps in a manner that is coordinated with the Business Development Bank of Canada and complements the activity of private sector financial institutions. Streamlining Canada’s Trade Remedy System. Economic Action Plan 2012 proposes to consolidate Canada’s trade remedy investigation functions into what in, one organization, under the Canadian International Trade Tribunal.
Canada’s continued support for trade liberalization is complemented by define pope urban ii a strong and effective trade remedy system, which acts as an important safety valve for Canadian manufacturers harmed by unfairly traded imports. Canada’s trade remedy system is currently jointly administered by the Canada Border Services Agency and the Canadian International Trade Tribunal (CITT). In Budget 2011, the Government committed to proposing initiatives to ensure Canada operates an efficient trade remedy system. Mother Tongue? To deliver on this commitment, the Government will introduce legislation to consolidate Canada’s trade remedy investigation functions into one organization, under the define urban CITT. This restructuring will create efficiencies that will help the Government maintain and sustain an effective trade remedy system.
This initiative will also cut red tape, making it less cumbersome for Canadian businesses to macbeth essay take action against unfair trade, and will result in pope urban ii cost savings. In Budget 2011, the Government committed to review Canada’s foreign trade zone (FTZ)-like policies and programs to ensure that they are competitive, well marketed and efficiently administered. Consultations concluded in what February 2012. The Government is carefully reviewing submissions to identify opportunities to reduce red tape and costs, facilitate access to existing programs, and improve efforts to urban promote our FTZ-like policies and John An American Civil Engineer Essay programs as an integral part of Canada’s tax and tariff advantages. The Government will respond to the submissions received in a timely manner. Economic Action Plan 2012 proposes to increase the value of define pope ii goods that may be imported duty- and tax-free by Canadian residents returning from abroad after a 24-hour and 48-hour absence to $200 and $800, respectively.
Every year, Canadians take some 30 million overnight trips outside of Canada, often returning with goods purchased abroad. Women In 1920? Modernization of the rules applied to these purchases is long overdue. Economic Action Plan 2012 proposes the most significant increase in urban ii the duty- and tax-free travellers’ exemptions in decades. The travellers’ exemption allows Canadians to bring back goods up to a specified dollar limit without having to pay duties or taxes, including customs duty, Goods and Services Tax/Harmonized Sales Tax, federal excise levies and provincial sales and macbeth product taxes. The Government proposes to increase the value of goods that may be imported duty- and define pope tax-free by Canadian residents returning from abroad after a 24-hour and Essay about Shingles 48-hour absence to $200 and $800, harmonizing them with U.S. levels. This measure will facilitate cross-border travel by streamlining the processing of urban returning Canadian travellers who have made purchases while outside Canada.
This change will be effective beginning on June 1, 2012. It is estimated that this measure will reduce federal revenues by $13 million in John Frank Stevens: Civil Essay 201213 and by $17 million in 201314. Tax Relief for Foreign-Based Rental Vehicles. Economic Action Plan 2012 proposes tax relief for Canadian residents temporarily importing foreign-based rental vehicles to facilitate access to urban Canadian tourism destinations. To facilitate access to Canadian tourism destinations, Economic Action Plan 2012 proposes to eliminate or reduce taxes on foreign-based rental vehicles temporarily imported by Canadian residents, consistent with the Government’s commitment under the Federal Tourism Strategy. About About Shingles? These changes will make it easier for define urban ii, Canadians who have been travelling abroad to return to Canada to Essay continue their touring and ii travelling activities with a foreign-based rental vehicle. For example, a Canadian who takes a cruise from British Columbia to what Alaska and has been outside Canada for at least 48 hours would be able to urban ii rent a vehicle in Alaska and Essay about About Shingles then enter the Yukon for touring purposes without having to pay taxes on that vehicle at the border. These changes will be effective starting June 1, 2012. Economic Action Plan 2012 proposes improvements to Canada’s system of international taxation. Canada’s system of international taxation plays a key role in providing the right environment for define ii, cross-border trade and investment.
In 2007, the Essay about About Shingles Government established the Advisory Panel on Canada’s System of International Taxation, chaired by define Mr. Peter Godsoe, with a mandate to tongue essay provide recommendations to improve the fairness and competitiveness of Canada’s international tax rules. The Panel’s December 2008 report concluded that Canada’s system of urban international taxation is a good one that has served Canada well. At the same time, given that the ABC Events Business competitiveness landscape is continually shifting, Canada’s international tax rules must constantly adapt to define pope urban maintain an appropriate balance of competitiveness, simplicity, fairness, efficiency and protection of the amy tan mother tongue tax base. The Government has acted on a number of the Panel’s recommendations and made other incremental improvements to the system of international taxation. These past actions include: Repealing section 18.2 of the Income Tax Act, thereby providing tax support for Canadian multinational firms undertaking foreign investment. Narrowing the definition of taxable Canadian property, thereby improving the ability of Canadian businesses, including innovative high-growth companies that contribute to define job creation and economic growth, to attract foreign venture capital.
Ensuring that taxpayers have an opportunity to John Frank Stevens: Essay apply for pope urban ii, refunds of tax withheld under section 105 of the Income Tax Regulations and section 116 of the Income Tax Act after a reassessment by the Canada Revenue Agency. Proposing measures to simplify Canada’s tax rules for foreign affiliates. Proposing simplified and more targeted rules for foreign investment entities and non-resident trusts. Proposing measures to counter schemes, often referred to what did galileo in as “foreign tax credit generators,” that were designed to shelter tax otherwise payable by artificially increasing foreign tax credits. Economic Action Plan 2012 introduces several additional improvements to define urban ii respond to the report of the Panel. Details of these measures can be found in Annex 4. Women In 1920? Going forward, the Government will continue to evaluate the report of the Panel and define pope consider additional improvements to Business Strategy Canada’s international taxation rules. Tax Treaties and Tax Information Exchange Agreements.
The Government is actively negotiating and concluding tax treaties to reduce tax barriers to define pope urban international trade and investment, strengthen Canada’s bilateral economic relationships, and about About 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. New protocols to update tax treaties with Austria, Barbados, France, and Singapore have been signed.
Negotiations to update the tax treaty with China have recently been concluded. Negotiations for a new tax treaty with Hong Kong have begun. Negotiations to define pope ii update tax treaties with Israel, the Netherlands, New Zealand, Poland, Spain and the United Kingdom have begun. Canada now has 89 tax treaties in Business Strategy Essay force, 7 tax treaties and define protocols signed but not yet in force, and 11 tax treaties under negotiation. The Government is committed to combating international tax evasion and to ensuring tax fairness by macbeth titles implementing the standard developed by the Organisation for Economic Co-operation and Development for the effective exchange of tax information. The Government, in its 2007 budget, extended the exemption for dividends received out of define urban ii active business income earned by foreign affiliates resident in tax treaty countries to also include active business income earned by foreign affiliates established in women in 1920 a jurisdiction that has agreed to define a tax information exchange agreement (TIEA) with Canada.
This provided non-tax treaty jurisdictions an incentive to enter into Business, TIEAs with Canada. Since 2007, the Government has brought into force 13 TIEAs, signed 3 other TIEAs, and is actively negotiating TIEAs with 14 other jurisdictions, including negotiations recently launched with Panama. Fostering Sustainable Global Growth. Persistent economic and financial difficulties in Europe and other parts of the world are hindering economic recovery. Canada is playing a leadership role in formulating global policy responses through institutions such as the G-20 and the International Monetary Fund (IMF), and pope urban ii through its leadership of the Financial Stability Board, which is chaired by Bank of Canada Governor Mark Carney. Canada is also helping address development challenges through focused programs and initiatives that meet the needs of the essay developing world. 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 define ii 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. In its capacity as co-chair, Canada has led the development of action plans that deal with pressing global economic concerns, and ABC Events Business Essay promote growth and prosperity across the globe.
The considerable progress achieved through this process culminated in the Action Plan for Growth and Jobs agreed by ii Leaders in Cannes, France in November 2011, which set out a broad range of reforms covering the key policy areas across G-20 members. Looking ahead in mother tongue essay 2012, Canada will continue to provide leadership in ii developing an action plan for Leaders at the upcoming G-20 Summit in Los Cabos, Mexico. The plan will monitor progress in Frank Stevens: Essay meeting past commitments and develop new commitments as appropriate to address current global economic risks and ii vulnerabilities. Strengthening the Legitimacy and what Effectiveness of the define urban International Monetary Fund. The IMF is a key global institution in assisting the international community through economic crises.
In order to support its continuing role, the Government of Canada is delivering on its commitment to titles ratify a historic quota and governance reform agreement reached in 2010, which enhances the define ii IMF’s capacity to provide support to the global economy. These actions should continue to strengthen the legitimacy and effectiveness of the IMF. To support accountability to Canadians, the Government is enhancing the timeliness of its reporting on Canadian priorities and tongue essay activities of the IMF and World Bank by aligning the timing of its annual report to Parliament and the public with the annual report on development assistance tabled annually in the Fall. Increasing the Impact of Canadian Development Assistance. Canadians want to pope help the world’s poor, but they want assurances that their tax dollars are making a real difference in the lives of the Frank An American Engineer Essay people they are intended to help. Define Pope Urban? In Budget 2007, the Government committed to an ambitious agenda to maximize the effectiveness of believe in Canada’s international assistance efforts. Considerable progress has been made in delivering on our promise to make Canada’s aid more effective, particularly in the areas of accountability for resources and results, transparency, and the use of pope urban ii innovation to maximize the impact of aid. Last year, Canada was the Essay Shingles first to meet its G-8 commitment to urban ii double investments in sustainable agricultural development. Currently, we are leading global efforts on women in 1920, maternal, newborn and child health, as agreed at the G-8 meeting in Muskoka in 2010.
The Canadian International Development Agency now delivers over 80 per cent of its bilateral assistance in define urban a more focused set of countries, which allows Canada to play a more influential role in achieving enduring impacts in amy tan mother essay these countries. The Government has also taken significant steps to improve the transparency of our spending to Canadians and pope ii other countries, for example by joining the Open Government Partnership and the International Aid Transparency Initiative. In addition, Canada has supported development innovation, pioneering new approaches to maximize impact and leverage private sector capital to mother address global development challenges. Canada’s strategic investments over the past several years are showing promising results including the accelerated introduction of define pope ii pneumococcal vaccines to protect the lives of the world’s poorest children through the Advanced Market Commitment; progress by Grand Challenges Canada in macbeth essay titles tackling critical barriers to solving some of the most pressing global health challenges; and enhanced support for applied research that demonstrates sustained and measurable impacts on food security in developing countries through the Canadian International Food Security Research Fund. Refocusing Canada’s Tariff Regime for Developing Countries. Economic Action Plan 2012 proposes to review Canada’s preferential tariff regime for define pope urban, developing countries. Since 1974, Canada has granted preferential market access to imports from amy tan developing countries as a means to promote their economic growth and export diversification. The global economic landscape has changed considerably since then, including significant shifts in the income levels and trade competitiveness of pope certain developing countries.
To respond to these developments and ensure that this form of Business development assistance is appropriately aligned with our development policy objectives, the Government will undertake a comprehensive review of Canada’s General Preferential Tariff regime. Keeping Taxes Low for Job-Creating Businesses. A Competitive Business Tax System. This Government has implemented broad-based tax reductions that support investment and growth across the pope ii Canadian economy. The Government is delivering more than $60 billion of tax relief to job-creating businesses over 200809 and the following five fiscal years. Key actions include the following: To spur business investment and improve productivity, the essay Government reduced the federal general corporate income tax rate to 15 per cent on January 1, 2012, from 22.12 per cent in 2007. Define Ii? These tax reductions include the elimination of the corporate surtax in macbeth essay 2008 for all corporations.
To help small businesses retain more of their earnings for investment, expansion and job creation, the define pope Government cut the small business tax rate to 11 per cent in 2008 and increased the amount of income eligible for this lower rate to $500,000 in 2009. To further spur investment in small businesses, the mother Government increased the Lifetime Capital Gains Exemption on pope urban, qualified small business shares to $750,000 from $500,000 in Budget 2007, the first increase in the exemption since 1988. To remove a disincentive for business investment, the Government eliminated the federal capital tax in Strategy 2006. The Government also provided the provinces with a temporary financial incentive to encourage them to eliminate their general capital taxes and to eliminate or replace their capital taxes on financial institutions with a minimum tax. The last of the provincial general capital taxes will be eliminated in 2012. To better support cross-border trade and investment and Canada’s participation in the global economy, the Government has improved Canada’s system of international taxation. To encourage investment to flow to its most productive uses and reduce the tax burden on capital investment, the Government improved the neutrality of the pope tax system by women in 1920 better aligning capital cost allowance rates with the useful life of assets.
For example, in 2007, the capital cost allowance rate for manufacturing and processing buildings was increased to 10 per define cent from 4 per cent, and the rate for computers was increased to 55 per cent from 45 per cent. Lower general corporate income tax rates and other tax changes have increased the expected rate of return on Stevens: Civil Engineer Essay, investment and reduced the cost of capital (Chart 3.2.1), giving businesses strong incentives to invest and hire in Canada. Canada leads the G-7 with the define pope ii lowest overall tax rate on new business investment. It excludes the resource and financial sectors and tax provisions related to research and development. 2 OECD average excludes Canada. Source: Department of mother tongue Finance. The competitiveness of Canada’s business tax system is supported by third-party analysis. KPMG’s publication Competitive Alternatives 2010 rigorously analyzed the impact of federal, state, provincial and municipal taxes on business operations, concluding that business tax costs in the United States are more than 55 per cent higher than in Canada. According to the 2011 Forbes magazine feature, “The Best Countries for Business,” Canada is the number one jurisdiction for doing business among 134 countries studied. Urban? Economists Jack Mintz and women in 1920 Duanjie Chen published an 83-country report on tax competitiveness.
Their most recent report shows that Canada went from being the least tax competitive G-7 country in 2005 to the most tax competitive country in the G-7 in 2011. As shown in Chart 3.2.2, overall business investment in non-residential construction and define pope ii machinery and equipment in 2011 exceeded the pre-downturn peak of 2008, and investment intentions for 2012 are even stronger. This business investment increases the amount of women in 1920 machinery, equipment, information technology and other physical capital in the economy. A larger stock of capital, in define turn, increases Canada’s productive capacity, creates jobs and raises living standards. Low taxes are supporting record-high business investment intentions. Source: Statistics Canada, Public and ABC Events Business Strategy Private Investment Intentions . Helping Canadian businesses compete globally also requires collaboration with provincial and territorial governments.
A number of provinces have taken important actions to enhance Canada’s tax competitiveness and contribute to a strong foundation for future growth. In addition, the Government of Canada has a number of urban tax agreements with its provincial and territorial partners that result in greater efficiency and simplicity of the tax system, and work is ongoing to improve and enhance the what believe application and administration of these agreements. Keeping taxes low for define pope ii, Canadian businesses is a cornerstone of this Government’s long-term plan for jobs, growth and prosperity. Enhancing the Neutrality of the Tax System. In 2009, along with other members of the G-20, the titles Government committed to “rationalize and phase out over ii the medium term inefficient fossil fuel subsidies.” This builds on the Government’s 2006 commitment to examine opportunities to make the tax system more neutral across sectors, in order to Essay About Shingles help ensure that investment is directed towards its most productive uses. In support of these commitments, the Government announced in Budget 2007 and Budget 2011 the phase-out of all tax preferences for oil sands producers relative to the conventional oil gas sector. Economic Action Plan 2012 proposes to further Canada’s efforts toward rationalizing fossil fuel subsidies, reducing tax distortions and improving the allocation of investment and capital within the define pope Canadian economy by phasing out tax preferences for resource industries. Phasing Out the Atlantic Investment Tax CreditOil Gas and Mining. Economic Action Plan 2012 proposes to phase out the Atlantic Investment Tax Credit for investments in the oil gas and mining sectors. The Atlantic Investment Tax Credit is a 10-per-cent credit available for certain investments in did galileo in new buildings, machinery and equipment used in the Atlantic region and the Gaspé Peninsula.
Currently, the credit supports investments in farming, fishing, logging, manufacturing and processing, oil gas, and mining. The Canadian oil gas and mining sectors have generally been performing well, and investment by these industries in define pope urban ii the Atlantic region is robust and growing. Recognizing this, Economic Action Plan 2012 proposes to macbeth essay titles phase out the define pope urban Atlantic Investment Tax Credit for investments in the oil gas, and mining sectors. The change will help improve the neutrality of the tax system for the oil gas, and mining sectors across Canada and constitutes further action by Canada in support of the women in 1920 commitment by ii G-20 Leaders to rationalize and phase out inefficient fossil fuel subsidies over the medium term. Phasing Out the Corporate Mineral Exploration and Development Tax Credit.
Economic Action Plan 2012 proposes to phase out the Corporate Mineral Exploration and Development Tax Credit. The mining sector has historically benefited from a number of targeted income tax preferences. As a first step in meeting the objective of making the tax system more neutral across mining and other industries, Economic Action Plan 2012 proposes to phase out the what did galileo 10-per-cent Corporate Mineral Exploration and Development Tax Credit. Actions taken by the Government since 2006, including corporate income tax rate reductions and the elimination of the federal capital tax, have increased the competitiveness of Canada’s mining sector. The Corporate Mineral Exploration and Development Tax Credit is define ii no longer necessary. This change is John Frank Stevens: An American Essay expected to increase federal revenues by urban approximately $10 million over the 201213 to 201314 period. Improving Economic Conditions for Farmers and Fishermen. Strengthening Agricultural Institutions. Economic Action Plan 2012 proposes $44 million over two years to transition the Canadian Grain Commission to a sustainable funding model.
The agriculture sector was one of the most resilient through the Business Strategy Essay economic downturn. The near- and medium-term outlook for agricultural commodity prices and define pope ii farm income is about About Shingles strong. In 2009, the agriculture and agri-food sector accounted for approximately 2 million jobs and 8 per cent of total GDP. With nearly $35.5 billion in exports, Canada is the world’s fifth-largest exporter of agriculture and food products. The coming year will see a focus on setting the right conditions for farmers and businesses in the agriculture and agri-food sector to compete and adapt.
The Government will work with its provincial and territorial partners, and with industry, to develop a new federal-provincial-territorial agricultural policy framework to replace the current Growing Forward agreement in 2013. The new five-year framework agreement will set out policies and programs to define pope urban support a modern, innovative and market-oriented sector. This will include a refocused suite of Business Risk Management programs. The Government is delivering on its long-standing promise to give Western Canadian farmers the freedom to market their own wheat and macbeth barley on the open market. Define Urban? An open market will attract investment, encourage innovation, create value-added jobs and contribute to a stronger economy. The monopoly on the sale of Western Canadian wheat and what did galileo barley for export and domestic human consumption will end as of August 1, 2012. The Government is define pope urban committed to a smooth transition for farmers, which includes a viable, voluntary Canadian Wheat Board as part of an open and competitive Canadian grain market. Efforts continue to modernize key institutions within the grain sector. Women In 1920? To support its transition to a sustainable funding model, Economic Action Plan 2012 proposes $44 million over two years to the Canadian Grain Commission as it updates its fee structure. Economic Action Plan 2012 proposes $10.5 million in 201213 to support key fisheries science activities.
Commercial fishery operations employ approximately 80,000 people nationwide and generate approximately $6.8 billion in annual economic activity through fishing, aquaculture and processing. Scientific monitoring activities of key commercial stocks support conservation and sustainability objectives while increasing economic opportunity for fishermen by allowing higher catch levels to be set with greater confidence. To support scientific activities of importance to industry, Economic Action Plan 2012 proposes $10.5 million in 201213 for the Department of Fisheries and urban Oceans. The Government will also take steps to allow the use of Essay About Shingles fishery resources to help generate revenues to pay for scientific activities. Strengthening Business Competitiveness.
The Government will introduce targeted improvements to the foreign ownership review process and be introducing legislative amendments to lift foreign investment restrictions in the telecommunications sector for define pope urban, companies that hold less than a 10 per cent share of the total Canadian telecommunications market. Foreign investment provides significant benefits to Canada through knowledge, capital, access to new markets and the creation of high-value jobs across the country. The Government is committed to women in 1920 an open investment framework that encourages foreign investment in Canada as well as Canadian business investment abroad, while safeguarding Canada’s interests. The Investment Canada Act requires the review of significant foreign investments in Canada in order to ensure that the investments bring a net benefit to our country. To help strengthen investor confidence, the Government will introduce targeted improvements to the administration of the Act in the interests of greater transparency while preserving investor confidentiality. With respect to the telecommunications sector in particular, the Government consulted with industry and consumer stakeholders on how to increase foreign investment in a way that would maximize economic and pope urban ii social benefits for Canadians. The Government heard that liberalization of foreign investment in essay the telecommunications sector can encourage greater competition by strengthening the position of new entrants, improving access to capital and enabling closer strategic partnerships. Liberalization could also increase choice and lower costs for pope urban ii, consumers, encourage innovation and improve productivity. The Government will be introducing amendments to the Telecommunications Act to lift the foreign investment restrictions in Business Strategy that Act for define pope urban, telecommunications companies that hold less than a 10 per cent share of the total Canadian telecommunications market. This targeted action will remove a barrier to investment for the companies that need it most, a key consideration as the upcoming wireless auction planned for About Shingles, 2013 is expected to be highly competitive and capital-intensive.
The Government is continuing to reduce regulatory burden faced by businesses. Red tape hampers economic growth and erodes trust between government and citizens. The Government is committed to removing bureaucratic obstacles to businesses’ efforts to create jobs and growth. In January 2011, the Government created the Red Tape Reduction Commission, fulfilling a Budget 2010 commitment. After a year of extensive Canada-wide consultations, the Commission brought forward recommendations to pope reduce irritants to amy tan mother tongue business that impede growth, competitiveness and innovation. The Government responded earlier this year by implementing the “One-for-One” Rule. Under this rule, every time the define Government adopts a new regulation, it must eliminate an existing one. When a new or amended regulation increases administrative burden on business, the Business Essay Government will offsetfrom existing regulationsan equal amount of administrative burden costs on business. The President of the Treasury Board will develop an Action Plan to address the Commission’s Recommendations Report in the coming months to deliver better regulations that reduce frustration and define pope urban ii lower costs for Canadian business. Red Tape Reduction Commission Membership.
The Red Tape Reduction Commission was composed of what did galileo believe in Parliamentarians and members of the private sector: The Honourable Tony Clement, President of the Treasury Board, Lead Minister The Honourable Maxime Bernier, Minister of State (Small Business and Tourism), Chair of the Commission William Aho, Central Mechanical Systems, Ltd. Dean Allison, Member of define urban ii Parliament (Niagara WestGlanbrook) Bernard Bélanger, Premier Tech Lois Brown, Member of Parliament (NewmarketAurora) Stirling MacLean, WearWell Garments, Ltd. ABC Events Business? Cathy McLeod, Member of Parliament (KamloopsThompsonCariboo) The Honourable Rob Moore, Member of Parliament (Fundy Royal) Gord Peters, Cando Contracting, Ltd. Denis Prud’homme, former owner of Prud’homme Trucking Catherine Swift, Canadian Federation of pope urban Independent Business Chris Warkentin, Member of Parliament (Peace River) The Government is also committed to implementing the Canada-United States Action Plan on Regulatory Cooperation, announced on December 7, 2011, by Prime Minister Harper and President Obama. Shingles? The Action Plan contains 29 initiatives to align the regulatory approaches between Canada and the United States in areas of agriculture and food, transportation, health and personal care products, chemical management, the environment, and other cross-sectoral areas, without compromising health, safety or environmental protection standards. The Action Plan will help reduce barriers to trade, lower costs for consumers and define pope urban ii business, and create economic opportunities on both sides of the border. Reducing the Tax Compliance Burden for Businesses.
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. In PricewaterhouseCoopers’ 2012 international study analyzing the ease of paying taxes, Paying Taxes 2012: The Global Picture , Canada ranks higher than any other G-7 country based on the overall ease of complying with tax obligations. Women In 1920? PricewaterhouseCoopers also identified Canada as a potential model for define, other countries’ tax systems from the perspective of a company filing and what did galileo believe in paying taxes. Reducing the define ii Tax Compliance Burden Has Positive Results. The Canada-Ontario Tax Collection Agreement was amended to provide for ABC Events Business, federal administration of Ontario’s corporate taxes for taxation years that end after 2008. PricewaterhouseCoopers estimated that this change reduces compliance costs by more than $135 million annually for Ontario businesses, by allowing for define pope urban, a single annual tax form, a single tax collector and one set of John Frank An American Civil Engineer Essay income tax rules. The frequency of ii tax remittance and filing requirements for small businesses in the areas of income taxes, source deductions and sales taxes was reduced by measures introduced in Budget 2007. More than 600,000 small businesses are able to benefit from these changes, with the total number of filings and remittances for small businesses reduced by more than one-third. The definition of taxable Canadian property was narrowed in Stevens: Essay Budget 2010, thereby eliminating the need for tax reporting under section 116 of the define Income Tax Act for many investments.
This improves the ability of women in 1920 Canadian businesses, including innovative high-growth companies that contribute to job creation and economic growth, to attract foreign venture capital. Through ongoing review and revision of the tax system and its administration, the Government is continuing to reduce the define pope tax compliance burden, including the following actions proposed or announced in Economic Action Plan 2012. A Doubling of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Streamlined Accounting Thresholds. The GST/HST streamlined accounting methods simplify compliance for small businesses and public service bodies. Economic Action Plan 2012 proposes to double the thresholds for eligibility to use these methods so that more small businesses and public service bodies have access to these simplified approaches. Simplified Administration for Partnerships. In order to reduce the workload for partnerships that want to file waivers, Economic Action Plan 2012 proposes to amend the Income Tax Act to provide the authority for a single designated partner to sign a waiver on Essay, behalf of all partners. Improvements to the Rules for Paying Eligible Dividends. Under existing rules, if a corporation wishes to pay dividends, and only a portion of those dividends would be eligible for an enhanced dividend tax credit, that portion must be paid as a separate dividend in ii order for investors to be eligible to claim the enhanced dividend tax credit. Economic Action Plan 2012 proposes amendments, for dividends paid on or after Budget Day, to allow a corporation to pay a single dividend and designate a portion of it as an eligible dividend. Administrative Improvements That Enhance the Predictability of the Scientific Research and Experimental Development (SRED) Tax Incentive Program.
Economic Action Plan 2012 announces administrative changes to women in 1920 the SRED tax incentive program that will improve its predictability and reduce the tax compliance burden. Define Urban Ii? These initiatives will complement the Strategy SRED Policy Review Project currently underway, which will consolidate and clarify the administrative policies that are contained in about 70 documents pertaining to the SRED tax incentive program. Written Responses to Business Enquiries. As of April 16, 2012, businesses will be able to submit questions and receive answers to their specific business enquiries electronically using the Canada Revenue Agency’s (CRA’s) secure My Business Account portal. These written responses will provide businesses with increased confidence in the information provided by pope urban the CRA and thus greater certainty in their tax affairs. Expansion of Web Forms for Information Returns. The CRA’s Web Forms electronic filing application for information returns is an online service enabling the creation and secure filing of encrypted returns over the Internet, including the filing of original, additional, amended and cancelled slips. The CRA’s Web Forms service also validates data in real time, prompts the user to Business Strategy Essay correct errors before filing slips, automatically calculates totals for define urban ii, the summary, and prints slips for About Shingles, recipients. Web Forms now accepts 11 additional types of returns, and the limit on pope urban, the number of each type of form (e.g. T4) that can be issued using this simple approach has increased from 6 to 50 slips.
Enhancements to the CRA’s Secure My Business Account Portal. The CRA’s My Business Account portal is a secure and convenient way to access business accounts online and perform certain transactions. For example, GST/HST returns have been able to what in be amended using My Business Account since April 2011. As of April 16, 2012, business owners will have the define pope urban ii option to input an address change online, and balances such as Non-Capital Losses and Refundable Dividend Tax on Hand from the last five tax year-ends will be automatically displayed. An Improved Business Section on the CRA’s Website. Modifications to the CRA’s website provide a “one-stop shop” for John An American Engineer Essay, businesses and a clear path to available electronic services with a new task-based web page. Define Urban Ii? By improving the ability of businesses to find and Strategy use information and define urban services on the CRA’s website, this initiative responds to concerns raised during consultations held by the Red Tape Reduction Commission. Graduated Penalties for Late Filing. The Government recognizes that Canadians and businesses, particularly small businesses, invest time and John Engineer effort to voluntarily comply with tax laws. Budget 2011 announced a CRA review of the penalty structure for late-filed information returns. After working with the Canadian Federation of Independent Business and other organizations representing small businesses, the CRA has instituted a new administrative policy to ensure that these penalties are charged in a manner that is both fair and reasonable.
Where a business is unable to define ii comply in a timely manner with a reporting obligation related to women in 1920 certain information returns, such as T4s, reduced penalties will be applied when the number of late-filed returns is small. Continued CRA Progress on Tax Fairness. Information on define ii, complaints and disputes is now easier to access on the CRA website through revised web pages that are simpler to use and what did galileo believe were put in place in December 2011. Visibility will be further improved by adding information on urban ii, recourse mechanisms to notices of Essay about Shingles assessment and reassessment. The CRA is also updating publications related to tax fairness and developing new content and new types of content, such as webinars on redress mechanisms. Economic Action Plan 2012 reaffirms the Government’s commitment to continue exploring whether new rules for the taxation of corporate groups could improve the functioning of the corporate tax system. Budget 2010 announced that the Government would explore whether new rules for the taxation of corporate groupssuch as the introduction of a formal system of loss transfers or consolidated reportingcould improve the define pope urban functioning of the corporate tax system. ABC Events? Public consultations held between November 2010 and April 2011 provided important feedback from stakeholders that will be helpful going forward. Discussions with stakeholders, including the urban ii provinces and territories, are ongoing.
As a new system for the taxation of corporate groups would constitute a fundamental change to Business the Canadian corporate tax system, the Government will be taking into account the potential effects on taxpayers and the complexity of the ii tax system, any potential revenue impacts for federal, provincial and territorial governments, and Essay About the impact that a new system of define urban ii group taxation could have on federal-provincial and federal-territorial tax arrangements. If as a result of this exercise a new system of group taxation should be proposed, stakeholders will be consulted again on the specific design of the new system. Further Developing Canada’s Financial Sector Advantage. Canada’s financial system is widely considered to be one of the soundest, most resilient and best regulated financial systems in the world. For the did galileo fourth year in pope ii a row, the World Economic Forum has recognized our banking system as the soundest in the world. Five Canadian financial institutions were recently named to Bloomberg’s list of the world’s strongest banks, more than any other country. The Government has implemented a number of measures to maintain Canada’s financial sector advantage and reinforce the stability of the sector. What In? Economic Action Plan 2012 proposes new initiatives that will build on the significant steps taken since 2008 to further ensure that our financial system remains strong and define pope urban that it benefits all Canadians. Fostering Stable, Competitive, Fair and Efficient Capital Markets. In light of the Supreme Court’s securities reference, the Government is macbeth essay titles consulting with provinces and territories, a number of which have reaffirmed their interest in working on define pope ii, a cooperative basis towards a common securities regulator.
As part of the initiative to establish a Canadian securities regulator, in May 2010 the Government referred the proposed Canadian Securities Act to the Supreme Court of Canada for an opinion as to whether Parliament has the constitutional authority to enact the proposed legislation. On December 22, 2011, the Supreme Court determined that the Essay proposed Act as drafted was not constitutionally valid under the general branch of the federal power to regulate trade and commerce. Define? The Government of Canada respects this decision and Essay will act in define urban ii accordance with it. The Supreme Court also found that Parliament has a role with matters of macbeth titles genuine national importance and pope scope, including management of Essay about Shingles systemic risk and in ensuring fair and define pope ii efficient capital markets nationally. The Supreme Court indicated that “[t]he common ground that emerges is that each level of government has jurisdiction over some aspects of the regulation of women in 1920 securities and define pope urban ii each can work in collaboration with the other to carry out its responsibilities”. Accordingly, the Government is consulting with provinces and territories, a number of women in 1920 which have reaffirmed their interest in working on a cooperative basis towards a common securities regulator. A common securities regulator would give Canada a competitive advantage by reducing unnecessary compliance costs for issuers, strengthening our ability to respond to financial instability, enhancing enforcement and better serving the needs of all Canadians. Preserving the Stability and pope urban Strength of Canada’s Financial Sector. The Government will introduce legislative amendments to ABC Events Business support central clearing of standardized over-the-counter derivative transactions and to reinforce Canada’s financial stability framework. A well-capitalized financial sector and sound regulatory and supervisory system meant that financial institutions in Canada were better able to weather the 2008 global financial crisis than those in define urban many other countries. The Government remains committed to maintaining this advantage.
Canada has made significant progress in implementing the G-20 financial sector reform agenda and will continue to play a leadership role in promoting sound financial sector regulation internationally. Through Economic Action Plan 2012, the Government will introduce legislative amendments to support central clearing of standardized over-the-counter derivative transactions, a key G-20 commitment, and to reinforce Canada’s financial stability framework. Enhancing the Governance and Strategy Essay Oversight Framework for Canada Mortgage and Housing Corporation. The Government will introduce enhancements to the governance and oversight framework for Canada Mortgage and Housing Corporation. The Government is also moving forward with a legislative framework for covered bonds. The Government continuously monitors housing finance risks and ii takes action when necessary. Adjustments to the rules for government-backed insured mortgages were announced in about Shingles July 2008, February 2010 and January 2011. In addition, in define urban ii June 2011 Parliament approved legislation to formalize arrangements with private mortgage insurers and Canada Mortgage and Housing Corporation (CMHC), enhancing the Government’s ability to did galileo believe manage risks arising from the mortgage insurance sector. As part of the Government’s continuous efforts to strengthen the pope urban housing finance system, the John Frank An American Civil Government will introduce enhancements to the governance and oversight framework for CMHC, contributing to the stability of the housing market and benefitting all Canadians. The Government will propose legislative amendments to strengthen oversight of define pope urban CMHC and to ensure its commercial activities are managed in a manner that promotes the stability of the financial system. The Government is moving forward with a legislative framework for covered bonds.
A legislative framework will support financial stability by helping lenders find new sources of funding and by making the market for Canadian covered bonds more robust. CMHC will be the administrator of this covered bond program, which will be available to federally and provincially regulated mortgage lenders in Canada. Improving Access to Capital for Canadian Financial Institutions. The Government will introduce legislative amendments to allow public sector investment pools that satisfy certain criteria, including pursuing commercial objectives, to tongue essay directly invest in a Canadian financial institution, subject to pope urban ii approval by the Minister of Finance. At present, many countries allow public sector investment pools to Business Essay invest in financial institutions, while Canada provides for only limited access.
This places Canadian financial institutions at a disadvantage when raising capital. However, public sector investment pools are currently allowed to invest in other sectors of the Canadian economy. Permitting these pools of define pope ii capital to invest in Canadian financial institutions provides these institutions access to new sources of stable long-term investment, which promotes financial stability. The Government will propose legislative amendments to allow public pools of what in capital that satisfy certain criteria, including pursuing commercial objectives, to make limited direct investments in a financial institution, subject to approval by the Minister of Finance. The Minister of Finance’s approval would be guided by pope urban factors such as the best interest of the financial sector and national security considerations. Clarifying Federal Jurisdiction Over Banking. The Government will introduce a preamble into the Bank Act to clarify the intent that all banking activities throughout Canada be governed exclusively by the same high-quality federal standards that have served Canadians so well. Canadians benefit from one of the ABC Events Business Essay best-regulated banking sectors in the world. Canada’s banking regulatory framework rests on stringent prudential rules that ensure that our banking sector remains safe and sound and on consumer protection rules that stress consumer choice and transparent disclosure. These rules are enforced consistently by federal regulatory agencies including the Office of the Superintendent of Financial Institutions and pope ii the Financial Consumer Agency of Canada. The Government will introduce a preamble into the Bank Act to clarify the intent that all banking activities throughout Canada be governed exclusively by the same high-quality federal standards that have served Canadians so well, and to avoid the creation of local and potentially inconsistent rules that threaten the uniform application of the amy tan mother tongue essay federal banking regulatory framework.
Clarifying the Separation of Insurance and urban ii Banking. As previously announced in December 2011, the titles Government will propose a legislative amendment to clarify the urban prohibition against amy tan mother, banks offering life annuities or products of a similar nature. The Government has a long-standing policy of define pope separating the business of insurance from the business of banking. ABC Events Business Essay? This ensures that financial institutions are subject to ii the regulatory regime that properly addresses the risk that they undertake. In line with this policy, and as announced by the Minister of Finance in December 2011, the believe Government will propose a legislative amendment to clarify the prohibition against banks offering life annuities or products of a similar nature. Continuing to pope ii Fight Counterfeit Bank Notes.
Economic Action Plan 2012 provides $9.6 million over macbeth essay three years to the Royal Canadian Mounted Police to continue the National Counterfeit Enforcement Strategy. In 2011, the Bank of Canada began to issue more-secure polymer bank notes. In transitioning to define pope urban ii these new notes, the Government must guard against the risk that counterfeiters will attempt to liquidate their inventory of older notes or seek to take advantage of the women in 1920 unfamiliarity of Canadians with the urban new notes. Economic Action Plan 2012 provides $9.6 million over three years to ensure that the Royal Canadian Mounted Police has the funding necessary to women in 1920 continue the National Counterfeit Enforcement Strategy, first announced in define urban Budget 2006. Women In 1920? The National Counterfeit Enforcement Strategy provides dedicated resources for the enforcement, prosecution and prevention of currency counterfeiting.
Since its inception, counterfeiting has been reduced from define urban 470 parts per million in 2004 to 34 parts per million in 2011.