What the PM Had to Say to the Finance Minister Part Four
This post is going to conclude our series on what instructions the Prime Minister gave to the Finance Minister and what the expectations are.
New low carbon economy trust
Again with the emphasis being on the green environment the PM wants the Finance Minister to help fund the projects in regards to reducing carbon emissions.
G 20 commitment
Here the goal is to phase out subsidies and that of been in place for the fossil fuel industry so that that the PMs commitment to the G 20 can be fulfilled.
Canadian exploration expenses
Here there is to be a tax deduction only if the exploration has been unsuccessful. Should there be any savings they are to be redirected to new and clean technology
The Finance Minister is expected to make sure that tax measures are in place to encourage innovation trade and growth.
This is in regards to Canadian participation in the transpacific partnership and develops the need to determine appropriate investments and strategies.
Labour sponsored funds
The PM wants the laboured sponsored funds tax credit restored so that it Canadians can save for their retirement and spur economic growth
New tax benefit for education
Here in the Prime Minister wants more financial assistance by way of a tax benefit given to teachers and ECE workers with the cost of school supplies.
Northern benefit deduction
The priority here is to enhance this deduction for Northern Canadians to be able to deal with the high cost of living and to spur the growth of northern economies.
Gen. financial issues
This is sort of a catch basin for anything that may have been left out
Repeal of the federal balanced budget act
This says it all as the PM wants to start fresh and has no intentions of carrying over with any of the plans that were outlined in the federal balanced budget act.
In the last few post we have covered about 27 priorities that the Prime Minister has outlined for the Finance Minister. Throughout this letter the prime minister has made it clear as to what his purposes are, what his expectations are, and what are considered the priorities.
He goes on in the letter to also outline who he expects the Finance Minister to work with which he outlined in his priority list depicting each specific Minister that would be involved in each priority. The PM has also indicated that the Finance Minister is to work closely with the Deputy Minister. Again what the PM is doing here is laying out the blueprint for the delegation of authority and how the chain of command should trickle down which is going to be crucial to be able to meet with all of the expectations that have been set out. If the newly appointed cabinet ministers are in doubt as to what is expected of them, the PM has provided them with an Open and Accountable Government Outline.