Tax Memo: 2007 Federal Economic Statement Promises $60 Billion in Tax Cuts Over Six Years

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Minister of Finance Jim Flaherty presented the minority government’s 2007 federal Economic Statement on October 30, 2007. The Economic Statement, which almost amounts to a "mini budget," includes a surprising number of tax measures, promising broad-based tax relief that will save corporate and individual taxpayers almost $60 billion over this and the next five fiscal years.