Canadian Finance Minister Jim Flaherty announced a five-year program that could reduce taxes by a total C$60 billion. 
The planned tax reduction measures include:
These measures will be brought before the House of Commons in Ottawa on Wednesday as a confidence motion. In Canada's minority government situation, opposition parties could defeat these measures and likely prompt an election. However, opposition leader Stéphane Dion has expressed an unwillingness to defeat the government on this matter.

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Canadian government announces major tax reductions