Mr. Speaker, I rise not only to express my support for economic action plan 2014 but also to express thanks on behalf of the citizens of Kitchener—Conestoga to the Minister of Finance for his great work stewarding Canada through some of the toughest times the world has faced since the Great Depression.
I rise today not only to praise the road to balance he authored but also to share with my friends across the Waterloo region the very real difference budget 2014 offers to their lives.
I rise not only to talk about the creation of jobs and opportunities for Canadian families put forward in budget 2014 but also to highlight the opportunities it will create for the communities in which we live.
In order to put all of that in context, though, I need to quickly outline what we have done already and what roads we chose not to walk. A noted Canadian once asked, “Do you think it is easy to make priorities?” Apparently it is not. The previous prime minister seemed to make new priorities every day. I do not think Canadians judge politicians on the volume of their priorities, though. I think we are judged on the content of our priorities and the diligence with which we address them.
This government's long-term priorities were identified in advantage Canada. This document was authored in 2006, and it remains the best lens with which I evaluate our diligence and our ability to focus on priorities. These priorities were a tax advantage, reducing taxes for all Canadians and establishing the lowest tax rate on new business investment in the G7; a fiscal advantage, eliminating our net government debt within a generation; an entrepreneurial advantage, reducing unnecessary regulation and red tape and increasing competition in the Canadian marketplace; a knowledge advantage, creating the best-educated, most skilled, and most flexible workforce in the world; and an infrastructure advantage, building the modern infrastructure we need to compete abroad and enjoy liveable communities at home.
Through the intervening years, advantage Canada has served us well. Through the good times and the worst times, our priorities have remained unchanged. Our focus on them continues. When I say the worst times, I am of course referring to the worst global economic downturn since the Great Depression. By sticking to the priorities outlined in advantage Canada, Canada not only led the world in economic growth but will now benefit from the strategic investments we made.
In my home of Waterloo region, we saw Conestoga College grow its capacity to train much-needed engineers, health care workers, and food processing technicians. We opened the Institute for Quantum Computing, the Canadian Digital Media Network, and the Communitech Hub to support the entrepreneurs who create tomorrow's jobs.
We enjoy new community centres, safer drinking water, and improved park lands, thanks to the federal government investments. With the strong partnership of this government, Waterloo region has become a better place to live, work, and raise a family. All of this came without raising taxes and without cutting our support for health care or education, as the previous government did. All of this positive action occurred during the worst economic times most living Canadians have experienced.
As chair of the Standing Committee on Environment and Sustainable Development, I am pleased to see the key investments this Prime Minister and this government have made. Well over $17 billion have been invested in clean transportation initiatives, renewable fuels, clean energy, clean air, green infrastructure, research, energy efficiency, and work to preserve our oceans and lakes.
Economic action plan 2014 builds on this legacy by expanding tax relief for green energy generation, investing in Canada's national parks, and further supporting conservation efforts and family-oriented conservation activities, and by making it easier and more affordable to donate ecologically sensitive lands for preservation. All of this was done while outperforming every other G7 country in job creation, while maintaining the lowest debt to GDP ratio in the G7, and while Canadians are experiencing the strongest real per capita income growth in the G7.
Here we are debating budget 2014, the road to balance, the latest phase of Canada's economic action plan. While our neighbours to the south are tied up in debates about how much they are willing to increase their national debt, here in Canada we are coming to appreciate the fact that, thanks to the leadership of this Minister of Finance and this Prime Minister, Canada will soon enter a great national debate about how to allocate a surplus.
On behalf of the fine people of Kitchener—Conestoga, I thank the finance minister for all his work. I thank him for bringing us to this point where we are seeing the benefits of all these investments and where the end to deficit spending is in sight.
When the budget is balanced, a lower portion of tax dollars will be needed to pay interest on our debt. This signals our stability to the world and helps attract investment to Canada.
Most importantly though, ending deficit spending will lower the debt with which we burden our children and our grandchildren.
Speaking of our children, I would like to draw to the attention of the House a report authored by CIVIX, the student budget consultation. CIVIX consulted with students across Canada on their budget priorities. To a question about the most important step the government could take to help families, the answer was not to increase subsidies for post-secondary education, as we might have expected.
No, in fact, the most popular answer provided by students was to lower personal income taxes. When asked whether they agreed with the statement that the government should place a high priority on reducing the debt as much as possible, over 80% of Canadian students were onside. When asked what the priority should be for allocating the surplus, 46% of them said we need to pay down the debt versus a measly 9% who called for an increase in spending to boost jobs.
What does it mean when Canadian secondary school students have a better grasp of basic economics than the opposition parties? I think it means our future is in good hands. Even they know that budgets do not balance themselves. This road to balance ensures the future that these students will inherit will be a bright future.
Students pursuing a trade will, for the first time, have access to federal student aid. Youth looking for work will enjoy increased support for paid internships. Recent graduates and those in the workforce will find starting their own business much easier, thanks to the 800,000 payroll remittances or red tape that we have eliminated on small business.
For my home of Waterloo region I can be even more specific. The Canadian Digital Media Network and the Institute for Quantum Computing both receive support in budget 2014. CDMN will help entrepreneurs find commercial uses for what the industry calls “big data”. IQC will continue its work to develop the world's first quantum computer.
It is worth noting that even though the quantum computer has yet to be developed, IQC is already an active commercializer of knowledge. To do its research, it needed to invent the required specialized tools. These tools are now being sold around the world.
Our initial investment in the Communitech Hub has exceeded every expectation, and this road to balance supports the creation of similar success stories by increasing funds for the Canada accelerator and incubator program.
I know the opposition will disagree with me on this, but frankly, I was most happy yesterday to hear that this government remains committed to the Canada job grant. Virtually every employer I have spoken to over the last year sees our current system of training as broken. Polytechnics Canada sees the current system as broken, too focused on filling seats and not enough on real results; and it is right. We can take the easy road, as has the Wynne government, and defend a failed system, or we can try to do better. I am glad we are not giving up on doing better for Canadians.
I read in the media that some politicians in my home province of Ontario are upset that they will receive less money this year in equalization funding. An improving economy means there is less need for equalization in Ontario than there was last year. To anyone other than the Wynne government, this should be a good thing. An improving economy is something Ontarians should celebrate rather than mourn. It brings cheerleading for the recession to a new, indisputably lower level.
If Ontarians truly want to continue receiving equalization funding due to poor economic performance, all they need to do is re-elect a Liberal government in Ontario, and I know they are better than that.
