How much stimulus is the Government providing to the economy and how much longer will it last?
Canada’s Economic Action Plan is a two-year plan providing significant support to the economy in response to the largest synchronized global recession since the Great Depression of the 1930s. For the current fiscal year, the plan has provided $28 billion in federal stimulus, augmented by more than $8 billion in stimulus from provinces, territories, municipalities and other partners for a total stimulus of $37 billion. Year 2 of the Action Plan delivers $19 billion in federal stimulus spending, augmented by $6 billion in stimulus from provinces, territories, municipalities and other partners for a total of $25 billion. Over 90 per cent of Year 2 funding is committed and ready to be delivered. This includes: • $3.2 billion in personal income tax relief; • More than $4 billion in actions to create and protect jobs; • $7.7 billion to modernize infrastructure and improve housing across Canada; • $1.9 billion to create the economy of tomorrow; and, • $2.2 billion to support industries and co
