Mr. Speaker, Canada's economic action plan is getting results. It is stimulating the economy. It is protecting and creating jobs. In just over 100 days, we are already seeing progress as our government continues to implement Canada's economic action plan.
Because of our swift actions, 90% of the plan is already being implemented. Funds are being committed to 7,500 projects, and 4,000 projects have already begun in the first six months of our 24-month plan.
Other measures of Canada's economic action plan that have already been implemented include reducing the tax burden on Canadian families and businesses through such measures as the home renovation tax credit and the first-time home buyers' tax credit; assisting the unemployed by extending EI benefits, making it easier to qualify for EI, and expanding EI training programs; investing in the economy of the future by upgrading infrastructure; expanding graduate student internships and investing in green technologies.
Our efforts are having a real and positive effect. We are seeing stabilization and the early beginnings of a recovery. This recovery is fragile. We are not out of the woods yet, which is why it is crucial that we continue to implement our plan. Canada came into this recession on a strong footing with a strong, solid, long-term fiscal position. We paid down debt, allowing our government to introduce the largest stimulus package of all the G7 countries.
Our taxes are falling, making Canada a more attractive place to live, invest and do business. Thanks to our tax relief measures, tax freedom day now arrives 20 days earlier than it did when we took office. The world is noticing. Under the leadership of our Prime Minister and our Minister of Finance, Canada's economy has been the envy of the world.
Euromoney magazine heralded the member for Whitby—Oshawa as their finance minister of the year, saying that we have been lucky to have him to enhance our “reputation for sound fiscal policy that takes full account of social justice” and keep “the financial sector out of the chaos”.