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OTTAWA — The federal government's fiscal position is improving dramatically and appears in position to easily beat its deficit projection of $45.4 billion for this year.
The Finance Department reported Friday it recorded a relatively small $1.4 billion shortfall in December, less than half the $3.1 billion shortfall it had in December 2009.
That means, with accounts in for the first nine months of the fiscal year that ends March 31, Ottawa's deficit stands at $27.4 billion.
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Friday's report shows that revenues from personal, corporate and sales taxes were up across the board -- $12 billion more than for the first nine months of last year.
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http://www.ctv.ca/CTVNews/Canada/201...eficit-110225/
Certainly one of his strong points. Doing quite well with the budget considering the recession.
I think at this point, the government should work together with the provinces to make sure Canada is the optimum country for businesses to invest their money in. Especially in the oil sands.
Tweaking with the corporate tax rates seems to have worked.