Governments have similar agendas: Fentie
The fiscal priorities of the federal government are very much in line with the Yukon's, says Premier Dennis Fentie.
The fiscal priorities of the federal government are very much in line with the Yukon's, says Premier Dennis Fentie.
'The whole initiative that the federal government wants to proceed with nationally is quite compatible to what Yukon is working on today and very compatible with our vision and plan for Yukon's future,' Fentie told a press conference Monday.
'We're very interested in working nationally with the federal government.'
The premier attended a meeting of the country's Finance ministers in Vancouver late last week.
The discussions focused on the federal Conservatives' Advantage Canada framework.
The two-day meetings revolved around the issues of strengthening the economic union, tax collaboration, infrastructure and post-secondary education and training.
It was a highly-positive and productive series of meeting, said Fentie.
Labour mobility, regulatory reform, capital markets regulations and changes made to income trusts were also on the agenda.
Fentie pointed to the proposed working income tax benefit and the registered disability saving plans discussed at the meetings as examples of initiatives that fit well with policies being examined in the Yukon.
'(The working income tax benefit) is intended to assist people moving off social assistance and entering the work force by providing incentives to do so and that's exactly what the Yukon government and its department officials are working on as we speak,' he said.
He added it is compatible with the territory's current review of social assistance.
The most vigorous discussion of the meeting was around the suggestion of tax harmonization across the country, said Fentie.
'But the purpose here is to try to come up with an initiative, a mechanism to harmonize taxes across the country,' he said. 'This is about competitiveness, for the most part, province by province and of course in the North.'
Since there is no sales tax in the Yukon, the impacts on the territory if the change were to occur would be limited, he added.
'Our tax regime overall is already very competitive.'
Fentie said he also used the meetings as an opportunity to highlight the Yukon's stance on federal cuts to literacy funding, Status of Women Canada and the GST travel rebate.
'We had a productive meeting, a healthy exchange of views and made considerable progress on the issues before us,' federal Finance Minister Jim Flaherty said in a statement.
'Our goal in Vancouver was to share views in advance of my next budget on the main issues to help restore fiscal balance in Canada and build a stronger economy for Canadians.
'That is exactly what we achieved.'
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