Economic Action Plan 2015 Act, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures

This bill was last introduced in the 41st Parliament, 2nd Session, which ended in August 2015.

Sponsor

Joe Oliver  Conservative

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

Part 1 implements income tax measures and related measures proposed or referenced in the April 21, 2015 budget. In particular, it
(a) reduces the required minimum amount that must be withdrawn annually from a registered retirement income fund, a variable benefit money purchase registered pension plan or a pooled registered pension plan;
(b) ensures that amounts received on account of the new critical injury benefit and the new family caregiver relief benefit under the Canadian Forces Members and Veterans Re-establishment and Compensation Act are exempt from income tax;
(c) decreases the small business tax rate and makes consequential adjustments to the dividend gross-up factor and dividend tax credit;
(d) increases the lifetime capital gains exemption to $1 million for qualified farm and fishing properties;
(e) introduces the home accessibility tax credit;
(f) extends, for one year, the mineral exploration tax credit for flow-through share investors;
(g) extends, for five years, the tax deferral regime that applies to patronage dividends paid to members by an eligible agricultural cooperative in the form of eligible shares;
(h) extends until the end of 2018 the temporary measure that allows certain family members to open a registered disability savings plan for an adult individual who might not be able to enter into a contract;
(i) permits certain foreign charitable foundations to be registered as qualified donees;
(j) increases the annual contribution limit for tax-free savings accounts to $10,000;
(k) creates a new quarterly remitter category for certain small new employers; and
(l) provides an accelerated capital cost allowance for investment in machinery and equipment used in manufacturing and processing.
Part 2 implements various measures for families.
Division 1 of Part 2 implements the income tax measures announced on October 30, 2014. It amends the Income Tax Act to increase the maximum annual amounts deductible for child care expenses, to repeal the child tax credit and to introduce the family tax cut credit that is modified to include transferred education-related amounts in the calculation of that credit as announced in the April 21, 2015 budget.
Division 2 of Part 2 amends the Universal Child Care Benefit Act to, effective January 1, 2015, enhance the universal child care benefit by providing $160 per month for children under six years of age and by providing a new benefit of $60 per month for children six years of age or older but under 18 years of age.
It also amends the Children’s Special Allowances Act to, effective January 1, 2015, increase the special allowance supplement for children under six years of age from $100 to $160 per month and introduce a special allowance supplement in the amount of $60 per month for children six years of age or older but under 18 years of age.
Part 3 enacts and amends several Acts in order to implement various measures.
Division 1 of Part 3 enacts the Federal Balanced Budget Act. That Act provides for certain measures that are to apply in the case of a projected or recorded deficit. It also provides for the appearance of the Minister of Finance before a House of Commons committee to explain the reasons for the deficit and present a plan for a return to balanced budgets.
Division 2 of Part 3 enacts the Prevention of Terrorist Travel Act in order to establish a mechanism to protect information in respect of judicial proceedings in relation to decisions made by the designated minister under the Canadian Passport Order to prevent the commission of a terrorism offence or for the purposes of the national security of Canada or a foreign country or state. It also makes a related amendment to the Canada Evidence Act.
Division 3 of Part 3 amends the Industrial Design Act, the Patent Act and the Trade-marks Act to, among other things, provide for extensions of time limits in unforeseen circumstances and provide the authority to make regulations respecting the correction of obvious errors. It also amends the Patent Act and the Trade-marks Act to protect communications between patent or trade-mark agents and their clients in the same way as communications that are subject to solicitor-client privilege.
Division 4 of Part 3 amends the Canada Labour Code to increase the maximum amount of compassionate care leave to 28 weeks and to extend to 52 weeks the period within which that leave may be taken. It also amends the Employment Insurance Act to, among other things, increase to 26 the maximum number of weeks of compassionate care benefits and to extend to 52 weeks the period within which those benefits may be paid.
Division 5 of Part 3 amends the Copyright Act to extend the term of copyright protection for a published sound recording and a performer’s performance fixed in a published sound recording from 50 years to 70 years after publication. However, the term is capped at 100 years after the first fixation of, respectively, the sound recording or the performer’s performance in a sound recording.
Division 6 of Part 3 amends the Export Development Act to add a development finance function to the current mandate of Export Development Canada (EDC), which will enable EDC to provide development financing and other forms of development support in a manner consistent with Canada’s international development priorities. The amendments also provide that the Minister for International Trade is to consult the Minister for International Development on matters related to EDC’s development finance function.
Division 7 of Part 3 amends the Canada Labour Code in order to, among other things, provide that Parts II and III of that Act apply to persons who are not employees but who perform for employers activities whose primary purpose is to enable those persons to acquire knowledge or experience, set out circumstances in which Part III of that Act does not apply to those persons and provide for regulations to be made to apply and adapt any provision of that Part to them.
Division 8 of Part 3 amends the Members of Parliament Retiring Allowances Act to, among other things, provide that the Chief Actuary is not permitted to distinguish between members of either House of Parliament when fixing contribution rates under that Act.
Division 9 of Part 3 amends the National Energy Board Act to extend the maximum duration of licences for the exportation of natural gas that are issued under that Act.
Division 10 of Part 3 amends the Parliament of Canada Act to establish an office to be called the Parliamentary Protective Service, which is to be responsible for all matters with respect to physical security throughout the parliamentary precinct and Parliament Hill and is to be under the responsibility of the Speaker of the Senate and the Speaker of the House of Commons. The Division provides that the Speakers of the two Houses of Parliament and the Minister of Public Safety and Emergency Preparedness must enter into an arrangement to have the Royal Canadian Mounted Police provide physical security services throughout that precinct and Parliament Hill. It also makes consequential amendments to other Acts.
Division 11 of Part 3 amends the definition “insured participant” in the Employment Insurance Act to extend eligibility for assistance under employment benefits under Part II of that Act, while providing that the definition as it reads before that Division comes into force may continue to apply for the purposes of an agreement with a government under section 63 of that Act that is entered into after that Division comes into force. It also contains transitional provisions and makes consequential amendments.
Division 12 of Part 3 amends the Canada Small Business Financing Act to modify the definition “small business” in order to increase the maximum amount of estimated gross annual revenue referred to in that definition. It also amends provisions of that Act that relate to eligibility criteria for borrowers for the purpose of financing the purchase or improvement of real property or immovables, in order to increase the maximum outstanding loan amount.
Division 13 of Part 3 amends the Personal Information Protection and Electronic Documents Act to extend the application of that Act to organizations set out in Schedule 4 in respect of personal information described in that Schedule.
Division 14 of Part 3 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to require the Financial Transactions and Reports Analysis Centre of Canada to disclose designated information to provincial securities regulators in certain circumstances.
Division 15 of Part 3 amends the Immigration and Refugee Protection Act to
(a) clarify and expand the application of certain provisions requiring the collection of biometric information so that those requirements apply not only to applications for a temporary resident visa, work permit or study permit but may also apply to other types of applications, claims and requests made under that Act that are specified in the regulations; and
(b) authorize the Minister of Citizenship and Immigration and the Minister of Public Safety and Emergency Preparedness to administer that Act using electronic means, including by allowing the making of an automated decision and by requiring the making of an application, request or claim, the submitting of documents or the providing of information, using electronic means.
Division 16 of Part 3 amends the First Nations Fiscal Management Act to accelerate and streamline participation in the scheme established under that Act, reduce the regulatory burden on participating first nations and strengthen the confidence of capital markets and investors in respect of that scheme.
Division 17 of Part 3 amends the Canadian Forces Members and Veterans Re-establishment and Compensation Act to
(a) add a purpose statement to that Act;
(b) improve the transition process of Canadian Forces members and veterans to civilian life by allowing the Minister of Veterans Affairs to make decisions in respect of applications made by those members for services, assistance and compensation under that Act before their release from the Canadian Forces and to provide members and veterans with information and guidance before and after their release;
(c) establish the retirement income security benefit to provide eligible veterans and survivors with a continued financial benefit after the age of 65 years;
(d) establish the critical injury benefit to provide eligible Canadian Forces members and veterans with lump-sum compensation for severe, sudden and traumatic injuries or acute diseases that are service related, regardless of whether they result in permanent disability; and
(e) establish the family caregiver relief benefit to provide eligible veterans who require a high level of ongoing care from an informal caregiver with an annual grant to recognize that caregiver’s support.
The Division also amends the Veterans Review and Appeal Board Act as a consequence of the establishment of the critical injury benefit.
Division 18 of Part 3 amends the Ending the Long-gun Registry Act to, among other things, provide that the Access to Information Act and the Privacy Act do not apply with respect to records and copies of records that are to be destroyed in accordance with the Ending the Long-gun Registry Act. The non-application of the Access to Information Act and the Privacy Act is retroactive to October 25, 2011, the day on which the Ending the Long-gun Registry Act was introduced into Parliament.
Division 19 of Part 3 amends the Trust and Loan Companies Act, the Bank Act, the Insurance Companies Act and the Cooperative Credit Associations Act to modernize, clarify and enhance the protection of prescribed supervisory information that relates to federally regulated financial institutions.
Division 20 of Part 3 authorizes the Treasury Board to establish and modify, despite the Public Service Labour Relations Act, terms and conditions of employment related to the sick leave of employees who are employed in the core public administration.
It also authorizes the Treasury Board to establish and modify, despite that Act, a short-term disability program, and it requires the Treasury Board to establish a committee to make joint recommendations regarding any modifications to that program.
Finally, it authorizes the Treasury Board to modify, despite that Act, the existing public service long-term disability programs in respect of the period during which employees are not entitled to receive benefits.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

June 15, 2015 Passed That the Bill be now read a third time and do pass.
June 15, 2015 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “this House decline to give third reading to Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures, because it: ( a) introduces income splitting and supersized Tax-Free Savings Account measures that will primarily benefit the wealthy few while wasting billions of dollars; ( b) does not introduce a $15 per hour minimum wage or create a universal, affordable childcare program, both of which would support the working and middle class families who actually need help; ( c) leaves Canadian interns without protections against excessive working hours, sexual harassment, and an unending cycle of unpaid work; ( d) sets a dangerous precedent for Canadians’ right to know by making retroactive changes to absolve the government of its role in potential violations of access-to-information laws; and ( e) attacks the right to free and fair collective bargaining for hundreds of thousands of Canadian workers.”.
June 10, 2015 Passed That Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures, {as amended}, be concurred in at report stage [with a further amendment/with further amendments] .
June 10, 2015 Passed That, in relation to Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures, not more than one further sitting day shall be allotted to the consideration at report stage of the Bill and one sitting day shall be allotted to the consideration at third reading stage of the said Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the day allotted to the consideration at report stage and on the day allotted to the consideration at third reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and in turn every question necessary for the disposal of the stage of the Bill then under consideration shall be put forthwith and successively without further debate or amendment.
May 25, 2015 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.
May 25, 2015 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “this House decline to give second reading to Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures, because it: ( a) fails to support working- and middle-class families through the introduction of affordable childcare and a $15-per-hour federal minimum wage; ( b) imposes wasteful and unfair income-splitting measures which primarily benefit the wealthy and offer nothing to 85% of Canadian families; ( c) fails to protect interns against workplace sexual harassment or unreasonable hours of work; ( d) implements expanded Tax-Free Savings Account measures which benefit the wealthiest households while leaving major fiscal problems to our grandchildren; ( e) rolls a separate, stand-alone, and supportable piece of legislation concerning Canada’s veterans into an omnibus bill that contains vastly unrelated, unsupportable measures; and ( f) attacks the right to free and fair collective bargaining for hundreds of thousands of Canadian workers.”.
May 14, 2015 Passed That, in relation to Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures, not more than two further sitting days shall be allotted to the consideration at second reading stage of the Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the second day allotted to the consideration at second reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and, in turn, every question necessary for the disposal of the said stage of the Bill shall be put forthwith and successively, without further debate or amendment.

Guy Caron NDP Rimouski-Neigette—Témiscouata—Les Basques, QC

Ms. Tremblay, I am going to ask another question.

As Mr. Lee said, the sick leave provisions were negotiated between the unions and the government, and both parties accepted these provisions. I think that Ms. Daviau, and probably Ms. Benson as well, talked about the possible unconstitutionality of this provision in Bill C-59. If this provision were adopted, what would be the direct consequences? Since this provision may be unconstitutional, what steps will be taken after the passage of this bill?

Guy Caron NDP Rimouski-Neigette—Témiscouata—Les Basques, QC

I understand that.

I want to point out, however, that your testimony, even though it is interesting and informative, does not really have any impact on the legislative changes that are being proposed here. Indeed, the principle of these changes is a retroactive amendment to an act while a legal proceeding has already been undertaken. Consequently, even though your testimony is interesting—and I am sure it will be heard and listened to—it is not really relevant to what is being proposed in Bill C-59.

I would like to go back to Ms. Tremblay and Ms. Daviau. Can you tell us more about the $900 million? According to what the government is saying, it is introducing savings via this budget, and these will contribute to its much-vaunted balanced budget.

Could you tell us in a more detailed way how this $900 million constitutes, according to you, only ostensible, fictitious, savings?

We are going to begin with Ms. Daviau and then go to Ms. Tremblay.

D/Commr Peter Henschel Deputy Commissioner, Specialized Policing Services, Royal Canadian Mounted Police

Thank you, Mr. Chair.

Thank you for the opportunity to appear before the committee as you consider division 18 of Bill C-59. I am Deputy Commissioner Peter Henschel, and I am responsible for the RCMP's Specialized Policing Services, which includes the Canadian Firearms Program.

I am here today with Ms. Rennie Marcoux, Chief Strategic Policy and Planning Officer and responsible for the RCMP's Access to Information and Privacy Branch.

The Information Commissioner's investigation into an access to information request for the long-gun registry has been the subject of considerable contention. We would like to take this opportunity to clarify misconceptions of how the RCMP handled this request, as well as the destruction of the non-restricted firearms registration records, otherwise known as the long-gun registry.

In particular, we would like to emphasize that the RCMP takes our obligations under the Access to Information Act seriously. As we will outline, the RCMP worked with the Information Commissioner to respond to the complaint in question while also fulfilling our obligations under the Ending the Long-Gun Registry Act.

To begin I should highlight that what was referred to as the “registry” was not a document stand-alone system, or simple electronic record, but rather a compilation of certain information contained in the Canadian firearms information system. This database is constantly being updated. On a monthly basis there are an estimated 50,000 new or amended records added to the database. A copy of the registry could not be printed, copied, or deleted with the push of a single button. The Firearms Act and associated regulations define the type of information required for the registration of a firearm, such as the make, model, manufacturer, registration date, province, and postal code. In total 27 fields in the Canadian firearms information system relate to the registration of the firearms, or the registry, of which 15 include personal information such as a person's name and address.

Since 2006 the RCMP has responded to over two dozen access to information requests for the long-gun registry. These requests were met by providing the 12 relevant and releasable fields of data. Aside from the request under investigation, the RCMP has never received a complaint on the content of our responses.

I would like to now focus on the destruction of the registration records. Contrary to what has been reported, the RCMP did not—and I will repeat—did not destroy any registration data before the coming into force of the Ending the Long-Gun Registry Act on April 5, 2012. Consistent with the government-approved implementation plan, the RCMP destroyed the records between October 26, 2012, and October 31, 2012, with the exception of the Quebec records, which were maintained pending the outcome of a Supreme Court decision.

When that decision was rendered on March 27, 2015, the RCMP deleted the remaining Quebec records from the Canadian firearms information system between April 10 to April 12, 2015, again consistent with the government-approved implementation plan. I should note here that the destruction process was subject to an audit that was externally verified for the October 2012 destruction. The same process is under way to verify the destruction of the Quebec data. So with these clarifications, I will just turn to my colleague to address the findings of the Information Commissioner.

The Chair Conservative James Rajotte

I call order meeting number 86 of the Standing Committee on Finance.

Pursuant to the order of reference of Monday, May 25, 2015, we are continuing our study of Bill C-59, an act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures.

We want to thank our witnesses for being with us here this morning. First of all, we have with us Professor Ian Lee from Carleton University. We also have with us the Canadian Association of Professional Employees and its president, Madam Emmanuelle Tremblay; the Intellectual Property Institute of Canada and its past president, Mr. Jeffrey Astle; the Professional Institute of the Public Service of Canada, Debi Daviau, the president; the Public Service Alliance of Canada and its national president, Ms. Robyn Benson; the Royal Canadian Mounted Police and Rennie Marcoux, chief strategic policy and planning officer, and the deputy commissioner for specialized policing services, Mr. Peter Henschel.

Thanks to all of you for being with us here this morning. You will have five minutes maximum for your opening statements.

We'll begin with Professor Lee, please.

The Chair Conservative James Rajotte

Thank you.

Thank you, Mr. Adler.

Minister, I want to thank you and your officials for appearing before us for our study of Bill C-59. We appreciate your comments very much.

Thank you, colleagues. We will see you on Thursday.

The meeting is adjourned.

Joe Oliver Conservative Eglinton—Lawrence, ON

Small businesses are a cornerstone of our economy. They create jobs that support families and our communities, and that's why our budget introduces measures to allow small businesses to grow and create jobs. It's no wonder the Canadian Federation of Independent Business has applauded this measure and gave the budget an A.

The bill would reduce the small business tax rate to 9% by 2019. Using the example of a small business with a taxable income of $500,000, this tax cut and all the tax relief our government has provided since 2006 would result in a nearly 50% decrease in federal taxes, the biggest tax cut in 25 years. This is money small businesses can use to reinvest in the economy and create jobs.

But it goes further. Bill C-59 would amend the Canada small business financing program to allow more small businesses to apply for financing, and allow larger loans to be made available. It would also increase the lifetime capital gains exemption for farmers and fishermen to allow farm and fishing business owners to better ensure their financial security for retirement, by allowing them to keep more after-tax dollars in their pockets following the disposition of their property.

Joe Oliver Conservative Eglinton—Lawrence, ON

Bill C-59 amends the Canada Labour Code to ensure that interns under federal jurisdiction, regardless of pay, receive occupational health and safety protections. Our government knows that internships can provide important work experience and lead to jobs.

The proposed amendments will also establish two circumstances in which unpaid internships can be offered and provide a coherent set of labour standards to be set out in regulations that will apply to interns who meet either of these circumstance. The first circumstance would be if the internship is formally part of a program approved by a recognized secondary or post-secondary educational institution or vocational school. The second circumstance would be if the internship meets all six specific criteria.

It's important to note that these labour standards regulations will reflect the unique situation of unpaid internships and were developed in consultation with stakeholders. At a minimum, it's expected that they will ensure that unpaid interns receive maximum-hours-of-work protections, as well as unpaid bereavement leave and unpaid sick leave, and are protected from sexual harassment. Our budget focuses on protecting interns and ensuring that internships lead to jobs, which is another way that we're creating job growth and lowering taxes for hard-working Canadians.

Joyce Bateman Conservative Winnipeg South Centre, MB

Also, I know that Bill C-59 has done much to strengthen financing for developing countries and our support for them. Could you speak to the further support and financing we're offering for developing countries as well, sir?

Joyce Bateman Conservative Winnipeg South Centre, MB

Thank you very much, Mr. Chair.

Thank you so much, Minister, and your officials, for joining us at the finance committee today. It's very much appreciated.

I have to say that I think you were a little modest in recapping. Not only have you balanced the budget, sir, in the context of taxes being at their lowest point in 50 years with over 180 tax reductions, but you've also done it in the context of dropping oil prices. You forgot to mention that you've done it while increasing transfers to the provinces and territories consistently since this government took over. I think it's a remarkable accomplishment.

Specifically, I'd love to hear you speak briefly about how Bill C-59 not only will help the first nations improve first nations services, and services offered to them, but also will improve the First Nations Fiscal Management Act.

Scott Brison Liberal Kings—Hants, NS

Thank you, Mr. Chair.

Minister, you say that this budget breaks new ground. Bill C-59 does break new ground, because it retroactively makes legal an act that was illegal in the past when it was committed.

With regard to division 18 and the retroactive changes to the long-gun registry, effectively in 2012, when Parliament passed a law to destroy certain records in the long-gun registry, the law when it was passed made no mention of the Access to Information Act. Because of that omission, the records in question actually can't be destroyed until after any pre-existing access to information cases were closed. Now, the law was perhaps badly written, but it has been the law since April 2012.

In May 2012 the public safety minister's head of the RCMP promised that the RCMP would abide by the access to information law in this matter, yet six months later the RCMP actually broke the law and destroyed those records.

Who ordered the RCMP to break the law and destroy those records? Was it the public safety minister or the Prime Minister?

June 2nd, 2015 / 4:15 p.m.


See context

Eglinton—Lawrence Ontario

Conservative

Joe Oliver ConservativeMinister of Finance

Thank you very much, Mr. Chairman.

Thank you for the opportunity to meet with you and the committee members to discuss Bill C-59.

This bill implements key aspects of budget 2015. These elements represent our government's latest measures to create jobs, growth and long-term prosperity.

Before I get into the details, let me remind the committee of past promises. We promised that once the crisis of the recession passed, we would take action to balance the budget. Equally important would be how we balanced the budget—not by slashing transfer payments to provinces. Unlike the Liberals in the 1990s, we refused to undermine support for the health care and education Canadians rely on, nor did we engage in reckless structural spending schemes or higher taxes. Rather, we promised a balanced budget, balanced fiscally and balanced in the benefits it would offer all Canadians. These are promises made and promises kept. This budget is balanced.

It protects historical transfer payments, which have increased by 62% since we came to power. It has reduced taxes to create an overall federal tax burden that is already at its lowest level in 50 years.

And it builds on a record of success Canadians can be proud of.

Over 1.2 million more Canadians are working now than at the end of the recession. The majority of these jobs have been full-time, high-wage, and in the private sector.

According to KPMG, total business tax costs in Canada are the lowest in the G-7, some 46% lower than those in the United States. In the index of 61 economies, the IMD World Competitiveness Centre ranked Canada 5th in the world for economic competitiveness. The Centre for American Progress says that Canada has experienced continuing middle-income growth, while for many countries it had halted. And Bloomberg has ranked Canada as the second most attractive place in the world to do business.

We've come so far together as Canadians but we are still confronting challenges, including the dramatic decline in the price of oil. Canada is a trading nation deeply intertwined with the global economy. International storms inevitably touch our shores.

Since the recession, the global recovery has been difficult, with the risk of becoming what the managing director of the IMF calls “the new mediocrity”. So what are we doing to move forward here in Canada? Let me talk about some aspects from our latest budget.

I will start with taxation. For families, seniors, and small businesses, we are putting more money and leaving more money in the pockets of Canadians. We have reduced taxes more than 180 times since 2006. In this budget we are going even further.

Economic action plan 2015 implements the family tax cut, expands and enhances the universal child care benefit, and increases the child care expense deduction dollar limits. These benefits will help those who care about their kids most, mum and dad.

We're taking even more action for mums and dads in this budget. We're giving them new opportunities to save for their kids' education, for the down payment on a home, for a new small business, or for retirement. The budget proposes to nearly double the tax-free savings annual contribution limit from $5,500 to $10,000. This will give Canadians, parents, seniors, and hard working people across the country even more freedom to save money tax free. In fact, 60% of those who maxed out on their TFSA contributions last year earned less than $60,000. Three-quarters of contributors earned less than $75,000. This measure is aimed at those who need our help the most: low and middle-income Canadians.

Family means duty: the duty to protect each other. This is a fundamental Canadian value and it is reflected in our values as a government.

Our budget expands compassionate care employment insurance benefits from six weeks to 26 weeks. We are making it easier for Canadians to take care of a sick or dying loved one. I'm deeply proud of this reform, as is our Conservative caucus, the whole caucus. No one is more deserving of our support than those who take time to support their families at times of great need.

This budget also includes a new measure to meet one of the government's most important obligations, which is to protect Canadians here in the country and abroad. When we take a look around the world in 2015, a sad truth emerges: our country is not immune to the dangers of international terrorism.

Our government understands the dangers and is taking action to combat the threat. Today's legislation includes several measures to ensure the continued security of Canadians.

Bill C-59 empowers us to reform House of Commons security, ensuring the safety of elected officials as they go about the business of the nation. It strengthens our ability to revoke passports on grounds of terrorism or national security. To further improve the security of Canada's immigration system, Bill C-59 proposes to expand the use of biometric screening to verify the identity of all visa-required travellers seeking entry into Canada.

Finally, Mr. Chairman, we remain undaunted in our efforts to build a more prosperous Canada. The continued weakness of the global economy means we must take relentless action to create jobs, growth, and long-term prosperity.

That starts with small businesses, Canada's greatest job creators. Alone, they account for half the working men and women in Canada's private sector, so we are working hard to put more money back in the pockets of Canada's entrepreneurs.

Today's legislation breaks new ground. It cuts the small business tax rate to 9% by 2019, the largest tax rate cut for small business in more than 25 years. This means an annual tax reduction of up to $38,600 that can be reinvested in a business to fuel its growth and create jobs for Canadians.

Many of these small businesses work in the manufacturing sector. As this committee knows, manufacturing represents over 10% of our GDP and employs 1.7 million people across the country.

Manufacturing built this country. It built my home province into an economic engine of Confederation. Unlike the Liberal leader, who questioned the role of manufacturing in Canada's future, for this Conservative and for this Conservative government, the words “made in Canada” continue to fuel pride and, of course, jobs. That is why we must give manufacturers the tools they need to create the products and the jobs of the future.

Today's legislation includes an accelerated capital cost allowance for machinery and equipment used in manufacturing and processing. This new 10-year tax incentive will result in a deferral that is expected to reduce federal taxes for manufacturers by $1.1 billion over the period from 2016-20. It will create even more jobs for hard-working Canadians.

Let me end with one more job creation measure, a major new infrastructure program: the public transit fund. This program, increasing to $1 billion per year by 2019, will be a permanent source of financing to provinces and municipalities for major public transit projects. It will help cut congestion in Canadian cities, saving families time in traffic and saving businesses from higher costs.

This fund is one more addition to our government's historic infrastructure investments, which together represent the largest long-term federal commitment in our country's history.

Mr. Chair, this is just a brief overview of the many measures in Bill C-59 that will benefit Canadians.

Canada's economic action plan is working, creating jobs and growth and building a stronger, more prosperous, more confident Canada. I'm prepared to tell you more about it today as I answer your questions.

Thank you.

The Chair Conservative James Rajotte

I call to order meeting number 85 of the Standing Committee on Finance. Pursuant to the order of reference of Monday, May 25, 2015, we are continuing our study of Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures.

Colleagues, we're very pleased to have with us here this afternoon the Minister of Finance, the Honourable Joe Oliver, presenting on the subject matter, as well as officials in the room.

Minister, you have up to 15 minutes for an opening statement and then we'll have questions from members. You may begin at any time, please.

VeteransOral Questions

June 2nd, 2015 / 2:45 p.m.


See context

Durham Ontario

Conservative

Erin O'Toole ConservativeMinister of Veterans Affairs

Mr. Speaker, I agree, the litigation process can be adversarial. That is why I appreciate the efforts that the Equitas Society has made over the last few months to build a respectful dialogue on veterans' issues, including the purpose clause stating our obligation to our veterans that found its way into Bill C-59.

For that reason, I hope that member can finally drop the rhetoric, get behind the bill and support our veterans.

The Chair Conservative James Rajotte

Thank you.

Unfortunately, the time has run out for the chair to ask any questions.

On behalf of all of the committee, I want to thank all of our witnesses for being here this morning and contributing to our deliberations on Bill C-59. We appreciate your involvement very much.

Colleagues, you have a very modest budget in front of you. Could I get someone to move this budget?

Joyce Bateman Conservative Winnipeg South Centre, MB

Thank you very much.

Do you feel that Bill C-59 is going to help that happen?