Mr. Speaker, I want to reiterate the government's commitment to creating jobs, supporting Canadian manufacturing and at the same time ensuring long-term growth. In an uncertain global economy, this government has continued to stick to our low tax plan of jobs and growth, a plan that is working to serve Canadians well. Our economic action plan is focused on jobs and long-term growth and competitiveness of our industries. Our measures support companies, including those in the manufacturing sector, by reducing corporate taxes, investing in innovation and reducing regulatory burden on businesses.
Since 2009, this government has eliminated all tariffs on imported machinery and equipment and the manufacturing inputs to make Canada a tariff-free zone for industrial manufacturers, the first in the G20. We have reduced the corporate income tax rate to 15% from 21% in 2007. As we know, such measures are important to attract investment to Canada and allow companies to access the required capital to grow and create jobs.
We have seen the results of our actions. Canada has been ranked first among the G7 in terms of tax competitiveness, and our economic output is well above pre-recession levels, with over 820,000 jobs created since July 2009. It is now more than 390,000 above its pre-recession peak. More than 90% of all these jobs created since July 2009 have been in full-time positions. More than 75% are in the private sector and about two-thirds are in high-wage industries.
We know that communities and workers in special circumstances need support as well, and we are delivering on that for Canadians in all regions. For those communities that are vulnerable because of their dependence on a single employer or a sector facing challenges, let me remind the member that this government allocated $1 billion for community development in 2008. This was at a time when the recession was at its peak. This funding provided real assistance to create opportunities for workers and communities.
Since we took office, this government has consistently introduced measures that are aimed at setting the right conditions for our companies and manufacturers to sustain growth and create jobs. I can assure the hon. member that we are still focused on jobs. This is the centre of our plan. With the global economic recovery still fragile, we must continue to focus on economic growth and stay the course to create more jobs and a stronger economy.