Mr. Speaker, I rise today in the House of Commons to support economic action plan 2013.
This is our government's eighth budget since 2006. Over this period of time, our country has met with some unmatched economic challenges, many of which are beyond our borders. Throughout the life of this government, we have never wandered from our commitment to strengthen the economy for all Canadians and the determination to see our plan through.
Economic action plan 2013 marks the next phase in keeping that commitment to Canadians to create jobs, increase long-term prosperity while keeping taxes low for families and businesses, and balance the budget by 2015.
Economic action plan 2013 sets out a plan that I know constituents in my riding of Simcoe—Grey will benefit from this year and for years to come. Let me highlight some of the key components.
The economy and job creation remain job one for our Conservative government. That is why our major focus of economic action plan 2013 is connecting Canadians with available jobs and providing them the skills they need to fill those jobs.
To accomplish this, we have a three-point plan on skills training. First, it introduces the new Canada jobs grant that would provide up to $15,000 or more per person, including a maximum federal contribution of $5,000, to be matched by provinces, territories and employers. The grant would directly connect skills training with employers and available jobs in the current market.
Second, the plan would create opportunities for apprentices by working with provinces and territories to harmonize requirements for apprentices, and examine the use of practical, hands-on tests as a method of assessment in targeting skilled trades.
Finally, it will provide support to the groups that are under-represented on the labour market, such as persons with disabilities, young people, aboriginal peoples and newcomers, to help them find good jobs.
Our government recognizes the ongoing uncertainty in the global economy. Economic action plan 2013 announced an extension of the temporary accelerated capital cost allowance for new investments in machinery and equipment in the manufacturing and processing sector for an additional two years. This would enable manufacturing and processing companies to plan and invest over the coming years to help create jobs in a sector that was particularly hard hit by the global recession. The 50% straight-line depreciation rate would be extended for two years to include investments in eligible manufacturing and processing machinery and equipment in 2014 and 2015. By allowing a faster writeoff of eligible investments, this measure would provide concrete support to businesses in the manufacturing and processing sector to help them retool, with new machinery and equipment so that they can remain competitive in the current global environment.
What does that mean for manufacturers in Simcoe—Grey, my riding? For companies like Reinhart Foods in Stayner, it would mean significant deductions that would allow them to remain competitive. This government would enable them to continue their manufacturing and processing, and plan and invest over the coming years to help create jobs in my riding.
While job growth remains a key pillar of economic action plan 2013, our government believes that family is the foundation on which Canada rests. We have taken action to support Canadian families year after year.
The Conservative government delivered the children's fitness tax credit to help families with the cost of enrolling their children in activities and sports, as well as the children's arts tax credit. The tax-free savings account is a versatile option for parents and families, whether they are saving for a house or a vacation.
We have cut taxes over 150 times, including cutting personal income taxes and the GST, resulting in the average Canadian family of four saving over $3,200 a year.
In addition to this, we would also be enhancing the adoption expense tax credit. This government recognizes that strong and stable families are critical to Canada's long-term prosperity. Families provide children with support, community and a sense of well-being, and yet an estimated 30,000 children a year are currently in the care of child welfare agencies in Canada, waiting to be adopted.
The adoption expense tax credit recognizes costs unique to adopting a child. To provide better tax recognition of the costs incurred by those adoptive parents, economic action plan 2013 proposes to allow additional adoption-related expenses, such as fees for provincially required home studies or mandatory adoption courses, to be eligible for the credit.
Families in Simcoe—Grey who wish to adopt, many of whom I know, can now feel a little bit of that weight of adopting a child lifted off their shoulders so that they can commit to doing this. I commend the government for supporting this effort.
In order to encourage charitable giving by new donors, our government introduced the first-time donor's super credit. This tax credit would provide an additional 25% for a first-time donor on up to $1,000 in monetary donations. An individual would be considered a first-time donor if neither the individual nor the individual's spouse or common-law partner had claimed the charitable donations tax credit or the first-time donor's super credit in a taxation year since 2007. The super credit could be shared between spouses and common-law partners.
What does this mean for charities in my riding? A first-time donor who gives $500 to charity would now receive $285 as a tax credit, versus $160 before. The super credit would provide an additional incentive to people who donate for the first time to benefit charities like the YMCA in Collingwood, Habitat for Humanity in Wasaga Beach, the Hospice Georgian Triangle or Matthews House in Alliston.
Getting first-time donors on board is often the most costly and challenging part of an equation on getting charitable donations. If we engage young donors and new donors, we can create a culture of giving and that can only benefit all of our communities.
Our government is also streamlining the process for providing tax relief for Canadian Armed Forces members and police officers deployed on international moderate-risk missions. This process would allow the Minister of Finance, upon the recommendation of the Minister of National Defence, or the Minister of Public Safety to designate a mission for purposes of the Income Tax Act. This would replace a lengthy process that delays timely implementation of tax relief for these families.
In my riding of Simcoe—Grey, it is extremely meaningful. For CFB Borden in Simcoe—Grey, where we have stationed thousands of men and women who support and are a part of the Canadian Armed Forces, many of whom spend time away from home on international missions, they would be able to save a little bit more and make things a little bit easier on their families left at home in Canada.
I strongly believe that all of the initiatives I mentioned will help Canada by creating a better standard of living for Canadians today and a more prosperous nation that will continue to be a world leader in the future.
I strongly believe that all the initiatives I have highlighted today would greatly benefit all the people of Canada by creating a higher standard of living for Canadians today and a more prosperous nation that will continue to be a world leader today and tomorrow.
This government's aim is to deliver the very best to Canadians. I ask all members to support the swift passage of Bill C-60 and to facilitate the implementation of Canada's economic action plan 2013. It would benefit my constituents in Simcoe—Grey and Canadians across the country.