Budget Implementation Act, 2016, No. 1.

An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures

This bill is from the 42nd Parliament, 1st session, which ended in September 2019.

Sponsor

Bill Morneau  Liberal

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill. The Library of Parliament has also written a full legislative summary of the bill.

Part 1 implements certain income tax measures proposed in the March 22, 2016 budget by
(a) eliminating the education tax credit;
(b) eliminating the textbook tax credit;
(c) exempting from taxable income amounts received as rate assistance under the Ontario Electricity Support Program;
(d) maintaining the small business tax rate at 10.‍5% for the 2016 and subsequent taxation years and making consequential adjustments to the dividend gross-up factor and dividend tax credit;
(e) increasing the maximum deduction available under the northern residents deduction;
(f) eliminating the children’s arts tax credit;
(g) eliminating the family tax cut credit;
(h) replacing the Canada child tax benefit and universal child care benefit with the new Canada child benefit;
(i) eliminating the child fitness tax credit;
(j) introducing the school supplies tax credit;
(k) extending, for one year, the mineral exploration tax credit for flow-through share investors;
(l) restoring the labour-sponsored venture capital corporations tax credit for purchases of shares of provincially registered labour-sponsored venture capital corporations for the 2016 and subsequent taxation years; and
(m) introducing changes consequential to the introduction of the new 33% individual tax rate.
Part 1 implements other income tax measures confirmed in the March 22, 2016 budget by
(a) amending the anti-avoidance rules in the Income Tax Act that prevent the conversion of capital gains into tax-deductible intercorporate dividends;
(b) qualifying certain costs associated with undertaking environmental studies and community consultations as Canadian exploration expenses;
(c) ensuring that profits from the insurance of Canadian risks remain taxable in Canada;
(d) ensuring that the dividend rental arrangement rules under the Income Tax Act apply where there is a synthetic equity arrangement;
(e) providing specific tax rules in respect of the commercialization of the Canadian Wheat Board, including a tax deferral for eligible farmers;
(f) permitting registered charities and registered Canadian amateur athletic associations to hold limited partnership interests;
(g) providing an exemption to the withholding tax requirements for payments by qualifying non-resident employers to qualifying non-resident employees;
(h) limiting the circumstances in which the repeated failure to report income penalty will apply;
(i) permitting the sharing of taxpayer information within the Canada Revenue Agency to facilitate the collection of certain non-tax debts; and
(j) permitting the sharing of taxpayer information with the Office of the Chief Actuary.
Part 2 implements certain goods and services tax/harmonized sales tax (GST/HST) measures proposed in the March 22, 2016 budget by
(a) adding insulin pens, insulin pen needles and intermittent urinary catheters to the list of GST/HST zero-rated medical and assistive devices;
(b) clarifying that GST/HST generally applies to supplies of purely cosmetic procedures provided by all suppliers, including registered charities;
(c) relieving tax to ensure that when a charity makes a taxable supply of property or services in exchange for a donation and an income tax receipt may be issued for a portion of the donation, only the value of the property or services supplied is subject to GST/HST;
(d) ensuring that interest earned in respect of certain deposits is not included in determining whether a person is considered to be a financial institution for GST/HST purposes; and
(e) clarifying the treatment of imported reinsurance services under the GST/HST imported supply rules for financial institutions.
Part 2 also implements other GST/HST measures confirmed in the March 22, 2016 budget by
(a) adding feminine hygiene products to the list of GST/HST zero-rated products; and
(b) permitting the sharing of taxpayer information in respect of non-tax debts within the Canada Revenue Agency under certain federal and provincial government programs and in respect of certain programs where information sharing is currently permitted under the Income Tax Act.
Part 3 implements certain excise measures proposed in the March 22, 2016 budget by
(a) ensuring that excise tax relief for diesel fuel used as heating oil or to generate electricity is targeted to specific instances; and
(b) enhancing certain security and collection provisions in the Excise Act, 2001.
Part 3 also implements other excise measures confirmed in the March 22, 2016 budget by permitting the sharing of taxpayer information in respect of non-tax debts within the Canada Revenue Agency under certain federal and provincial government programs and in respect of certain programs where information sharing is currently permitted under the Income Tax Act.
Division 1 of Part 4 repeals the Federal Balanced Budget Act.
Division 2 of Part 4 amends the Canadian Forces Members and Veterans Re-establishment and Compensation Act to, among other things,
(a) replace “permanent impairment allowance” with “career impact allowance”;
(b) replace “totally and permanently incapacitated” with “diminished earning capacity”;
(c) increase the percentage in the formula used to calculate the earnings loss benefit;
(d) specify when a disability award becomes payable and clarify the formula used to calculate the amount of a disability award;
(e) increase the amounts of a disability award; and
(f) increase the amount of a death benefit.
In addition, it contains transitional provisions that provide, among other things, that the Minister of Veterans Affairs must pay, to a person who received a disability award or a death benefit under that Act before April 1, 2017, an amount that represents the increase in the amount of the disability award or the death benefit, as the case may be. It also makes consequential amendments to the Children of Deceased Veterans Education Assistance Act, the Pension Act and the Income Tax Act.
Division 3 of Part 4 amends the sunset provisions of certain Acts governing federal financial institutions to extend by two years, namely, from March 29, 2017 to March 29, 2019, the period during which those institutions may carry on business.
Division 4 of Part 4 amends the Bank Act to facilitate the continuance of local cooperative credit societies as federal credit unions by granting the Minister of Finance the authority to provide transitional procedural exemptions, as well as a loan guarantee.
Division 5 of Part 4 amends the Canada Deposit Insurance Corporation Act to, among other things, broaden the Corporation’s powers to temporarily control or own a domestic systemically important bank and to convert certain shares and liabilities of such a bank into common shares.
It also amends the Bank Act to allow the designation of domestic systemically important banks by the Superintendent of Financial Institutions and to require such banks to maintain a minimum capacity to absorb losses.
Lastly, it makes consequential amendments to the Financial Administration Act, the Winding-up and Restructuring Act and the Payment Clearing and Settlement Act.
Division 6 of Part 4 amends the Office of the Superintendent of Financial Institutions Act to change the membership of the committee established under that Act so that the Chairperson of the Canada Deposit Insurance Corporation is replaced by that Corporation’s Chief Executive Officer. It also amends several Acts to replace references to that Chairperson with references to that Chief Executive Officer.
Division 7 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to authorize an additional payment to be made to a territory, in order to take into account the amount of the territorial formula financing payment that would have been paid to that territory for the fiscal year beginning on April 1, 2016, if that amount had been determined using the recalculated amount determined to be the gross expenditure base for that fiscal year.
Division 8 of Part 4 amends the Financial Administration Act to restrict the circumstances in which the Governor in Council may authorize the borrowing of money without legislative approval.
Division 9 of Part 4 amends the Old Age Security Act to increase the single rate of the guaranteed income supplement for the lowest-income pensioners by up to $947 annually and to repeal section 2.‍2 of that Act, which increases the age of eligibility to receive a benefit.
Division 10 of Part 4 amends the Special Import Measures Act to provide that a finding by the President of the Canada Border Services Agency of an insignificant margin of dumping or an insignificant amount of subsidy in respect of goods imported into Canada will no longer result in the termination of a trade remedy investigation prior to the President’s preliminary determination. It also provides that expiry reviews may be initiated from a date that is closer to the expiry date of an anti-dumping or countervailing measure and makes amendments related to that new time period.
Division 11 of Part 4 amends the Pension Benefits Standards Act, 1985 to combine the authorities for bilateral agreements and multilateral agreements into one authority for federal-provincial agreements, and to clarify that federal-provincial agreements may permit the application of provincial legislation with respect to a pension plan.
Division 12 of Part 4 amends the Employment Insurance Act to, among other things,
(a) increase, until July 8, 2017, the maximum number of weeks for which benefits may be paid to certain claimants in certain regions;
(b) eliminate the category of claimants who are new entrants and re-entrants; and
(c) reduce to one week the length of the waiting period during which claimants are not entitled to benefits.
Division 13 of Part 4 amends the Canada Marine Act to allow the Minister of Canadian Heritage to make payments to Canada Place Corporation for certain celebrations.
Division 14 of Part 4 amends the Jobs, Growth and Long-term Prosperity Act to authorize the Minister of Infrastructure, Communities and Intergovernmental Affairs to acquire the shares of PPP Canada Inc. on behalf of Her Majesty in right of Canada. It also sets out that the appropriate Minister, as defined in the Financial Administration Act, holds those shares and authorizes that appropriate Minister to conduct, with the Governor in Council’s approval, certain transactions relating to PPP Canada Inc. Finally, it authorizes PPP Canada Inc. and its wholly-owned subsidiaries to sell, with the Governor in Council’s approval, their assets in certain circumstances.
Division 15 of Part 4 amends the Canada Foundation for Sustainable Development Technology Act to modify the process that leads to the Governor in Council’s appointment of persons to the board of directors of the Canada Foundation for Sustainable Development Technology by eliminating the role of the Minister of Natural Resources and the Minister of the Environment as well as the consultative role of the Minister of Industry from that process. It also amends the Budget Implementation Act, 2007 to provide that a sum may be paid out of the Consolidated Revenue Fund to the Foundation on the requisition of the Minister of Industry and to clarify the maximum amount of that sum.

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.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-15s:

C-15 (2022) Law Appropriation Act No. 5, 2021-22
C-15 (2020) Law United Nations Declaration on the Rights of Indigenous Peoples Act
C-15 (2020) Law Canada Emergency Student Benefit Act
C-15 (2013) Law Northwest Territories Devolution Act
C-15 (2011) Law Strengthening Military Justice in the Defence of Canada Act
C-15 (2010) Nuclear Liability and Compensation Act

Votes

June 13, 2016 Passed That the Bill be now read a third time and do pass.
June 8, 2016 Passed That Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures, {as amended}, be concurred in at report stage [with a further amendment/with further amendments] .
June 8, 2016 Failed
June 8, 2016 Failed
June 8, 2016 Failed
May 10, 2016 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.
May 10, 2016 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “the House decline to give second reading to Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures, since the bill does not support the principles of lower taxes, balanced budgets and job creation, exemplified by, among other things, repealing the Federal Balanced Budget Act.”.
May 10, 2016 Passed That, in relation to Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures, not more than one further sitting day 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 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.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1 p.m.

Liberal

Robert-Falcon Ouellette Liberal Winnipeg Centre, MB

Mr. Speaker, could the member talk a little about Canada's child benefit, and some of the boutique tax credits the former government used to have in place?

I remember being in the military, with three young children, and not making a lot of money. It was around $50,000. My wife was at home, working with the children at home. We used to laugh at the tax credits in that they were actually not going to make a huge difference in the lives of a lot of our fellow citizens. They were not going to make a difference in our lives.

Could the member talk about what she thinks streamlining this process, making it more efficient, will do not only for government operations but also perhaps for the lives of average Canadians?

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:05 p.m.

Liberal

Leona Alleslev Liberal Aurora—Oak Ridges—Richmond Hill, ON

Mr. Speaker, I was also fortunate to serve in the Canadian Forces. As an officer, I was responsible for many of the people who worked for me who came to me asking for my assistance with their taxes and often asking for help with their finances. That is what the military family does.

Certainly, for the tax credits, they had to have spent a certain amount of money on sports programs, art programs, dance programs. For those families that do not have money to put food on their table, they do not have the money to invest in those sports programs and those dance programs. Therefore, giving them a tax credit and benefit on their taxes for the money that they spent to offset it is of no value to them.

These families needed an opportunity to have money in their pockets right from day one through lower taxes, as we have lowered the middle-class taxes, and through a child benefit that is directed at them, based on their income.

A monthly cheque is going to overwhelmingly provide additional support to those families in Canada with children who absolutely need it the most.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:05 p.m.

Conservative

Alupa Clarke Conservative Beauport—Limoilou, QC

Mr. Speaker, I would like to congratulate my colleague on her military service.

I think it is important to speak to members in this House about the specific measures in budget 2016 for veterans and how those measures will affect them. Nevertheless, before I address the more specific aspects of the budget, I want to note that my colleagues, the people of my riding of Beauport—Limoilou, and I all share concerns that the Liberal government is planning some exorbitant spending for this year and the years to come.

In light of Canada's current economic climate, the Liberal government's plan to run large deficits over many years is unjustified. Unfortunately, the government is essentially handing out money that has been borrowed instead of earned.

Furthermore, the government is breaking a number of its election promises, and we are just a few months in. This is surprising, since some of these promises were key planks in the Liberal platform. First, there was the promise to restrict deficit spending to a maximum of $10 billion, which has changed. I would remind members that the deficit spending was supposed to be used to invest in infrastructure, not to subsidize new recurring programs.

Then, the government promised to focus upcoming financial efforts on balancing the budget by the end of its term, which is no longer achievable. The other disappointment was the broken promise to lower the tax rate for small and medium-sized businesses, which create wealth for everyone.

I will set these concerns aside and get to the essence of my speech, which is the budget measures put forward to address the needs of our veterans.

I want to note that these measures were first presented separately from the federal 2016 budget, in Bill C-12, an act to amend the Canadian Forces Members and Veterans Re-establishment and Compensation Act and to make consequential amendments to other acts. This bill was introduced barely one month ago. I thought it was a good sign that the Liberals introduced this legislation, since there was no notion of partisanship on veterans' issues.

As a result, as the official opposition veterans' critic, I was planning to support Bill C-12 and vote in favour of it to help this government take positive action for our veterans, even though I felt that some amendments were necessary to fix certain technical issues.

This is also why I worked enthusiastically and passionately to urge my Conservative colleagues to do the same and vote in favour of Bill C-12, since, overall, it seemed that this bill would improve the well-being of our veterans.

Right now, though, that bill no longer exists. It is part of Bill C-15, the 2016 federal budget, an omnibus bill. As a result, since I will be opposing the 2016 federal budget for reasons of both content and form, and since the measures for veterans have been absorbed by that bill because of inappropriate partisanship, I will have to bear the burden of voting against those measures.

I would like to tell the veterans who are watching that my support for them is unwavering and that my vote against the budget in no way means that I am voting against measures that are good for them.

I will promise veterans this: raw, ruthless honesty that holds nothing back when necessary.

That is why I will be loud and clear today about which of these measures are acceptable to me and which ones are problematic and counterproductive.

No, the government’s approach to veterans’ issues is not perfect, and yes, it is my duty as the official opposition critic to identify major flaws.

Together, then, let us identify the measures put forward in the 2016 federal budget that will help veterans, measures that pertain to financial benefits in particular.

The budget proposes increasing the disability award, expanding access to higher grades of the permanent impairment allowance, and increasing the earnings loss benefit.

One observation immediately comes to mind regarding the political will and, in this case, the legislative will of the Liberal government to move forward with these improvements to allowances and benefits.

They are consistent with the approach that the Conservative Party of Canada had been taking since 2006, an approach that involves constantly improving the financial benefits that veterans are entitled to under the new veterans charter. The charter must be interpreted and amended through the lens of the living tree doctrine, which allows for changes in how our laws are worded and interpreted.

That is why, in recent years, in accordance with this philosophical approach, we in the Conservative Party brought forward various modifications and new measures with respect to this charter that have had a positive impact on veterans. Those measures include things like improvements to the permanent impairment allowance, the new retirement income security benefit, the new family caregiver relief benefit, and the new critical injury benefit.

Like us, the Liberals are adding benefits and allowances to the charter, in other words, increasing financial benefits here and there as the needs of our veterans evolve.

By all accounts, that is commendable. However, I think there are a few glaring problems arising from the Minister of Veterans Affairs's determination to proceed down this path. The improvements in budget 2016 do not address the urgent issues that individual veterans have brought to my attention.

As far as the disability award is concerned, the retroactive increase to the maximum payout draws on considerable financial resources, roughly $3.7 billion that could have been used more effectively. For example, that money could have been used to improve the assistance provided to family members of a veteran who is suffering, to enhance mental health services, and to implement a completely renewed approach to the transition from military life to civilian life and to the bureaucratic services provided to our veterans.

When it comes to these transition services, I very sincerely believe that we are currently at a crossroads regarding our veterans and the help we would like to give them.

Either we continue increasing the benefits, since that is the easiest thing to do, or we cut through the Gordian knot at the root of the problem that veterans are experiencing in their everyday lives. This is the next battle in their lives, the one they must wage in order to get help and an attentive ear at Veterans Affairs Canada, where they unfortunately face a systematically rigid and calculating bureaucracy.

The minister says he wants to help veterans, and that is a good thing. Therefore, he must get rid of the department's sometimes abusive bureaucracy once and for all, as it is characterized by a structure that too often dismisses veterans' requests and needs.

We must acknowledge one irrefutable fact: our veterans suffered in battle and they often return with problems that give rise to terrible mental health issues or physical conditions. These men and women in uniform not only made personal sacrifices. Above all, they dedicated their lives to serving Canada by defending our political principles, which from time to time vacillate even here in the House.

That is why those who are forced to leave the Canadian Armed Forces for medical reasons more often than not feel bitter and betrayed and as though they have lost their country's support for their commitment and ultimately for themselves.

The current veterans' movement includes a multitude of groups and claims often involving an increase in financial benefits.

I truly believe that these financial claims are motivated by injuries that go much deeper and require systemic help that goes far beyond any specific amount of money.

Veterans want respect from their own department, Veterans Affairs Canada. This department, which is the main source of assistance for our veterans in need, has to make major changes to its administrative approach and its established culture. The government needs to take real action on this, not just make announcements with no real meaning.

I believe that the Minister of Veterans Affairs needs to launch a comprehensive review of his department's administrative culture, including a review of staff conduct and of the regulations and structures that determine employees' everyday practices as well as the type and nature of services offered to veterans.

The minister needs to change the status quo. That is the real task he needs to undertake.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:15 p.m.

Liberal

Robert-Falcon Ouellette Liberal Winnipeg Centre, MB

Mr. Speaker, I appreciated the opposition member's speech.

I have a few comments to make in that regard. When I served in the army, I found that all governments have nice things to say about veterans. Veterans are seen as sacred people who must be protected. However, when the time comes to truly protect those veterans and do something for them, these governments do nothing.

It was the same thing with the Conservative government. It cut 800 public service jobs. These employees were offering direct services to veterans. I am proud that we are currently making investments to help veterans. The Conservatives also made cuts to pensions that gave veterans a fixed amount each month. We are talking to veterans so that we can try to fix that.

I am very disappointed that members are talking about this today without really taking into account the actions of the previous government, which was unable to turn its words into action. I am proud that we are doing that with our veterans today.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:15 p.m.

Conservative

Alupa Clarke Conservative Beauport—Limoilou, QC

Mr. Speaker, I thank my hon. colleague for his excellent question.

What I was trying to say in my speech is that the Liberals are implementing measures to increase financial benefits, which we did. It must be done because that is what veterans' advocacy groups want.

I am going farther than that today. I am saying that although the system that has been in place in Canada for the past 15 years is important because benefits have to be there, it must do more. We have to tackle one of the other problems veterans are facing, and that is their everyday relationship with Veterans Affairs Canada officials. Not only is the transition problematic, but there is a problem with having to fill in forms and the department's attitude toward veterans.

We have no choice but to tackle this issue. We are doing so in committee, and that is why I am talking about it today.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:15 p.m.

NDP

Brigitte Sansoucy NDP Saint-Hyacinthe—Bagot, QC

Mr. Speaker, I share my colleague's indignation at the fact that Bill C-12 was put into an omnibus bill. However, I would like to remind him that the Conservatives also introduced undemocratic bills like this one that evince disrespect for Parliament.

Also under the Conservatives, wounded veterans were forced to prove, year after year, that the legs they lost in the line of duty had not magically reappeared. That is utterly unacceptable, and it literally adds insult to injury. Unfortunately, that practice will not change under the new government.

Is the member concerned about the fact that this bill fails to ensure that practice will end?

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:15 p.m.

Conservative

Alupa Clarke Conservative Beauport—Limoilou, QC

Mr. Speaker, the member is quite right; the bill is hardly all-inclusive.

I want to say to my colleague that I have no qualms about answering this in regard to omnibus bills. The problem with the Liberals is that they refuse to take personal responsibility. We never said that omnibus bills are necessarily bad; meanwhile, the Liberals say they are against them, but then turn around and use them barely six months later.

An omnibus bill might be introduced for partisan or rational reasons, for instance, to pass measures quickly before the end of a parliamentary session.

In this instance, I am convinced that the government included measures for veterans in this omnibus bill not for pragmatic or rational reasons, but rather for partisan reasons.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:20 p.m.

Conservative

Harold Albrecht Conservative Kitchener—Conestoga, ON

Mr. Speaker, I want to thank my colleague for his speech. It is great to have him on our team.

Earlier today, one of my colleagues in the Liberal Party indicated that this budget will leave a last legacy for Canadians, and I could not agree more. Unfortunately, the lasting legacy is mountains and mountains of debt. If we look at the debt charges alone on page 234, we will see that between 2015 to 2020, the interest charges alone increase by almost $10 billion.

I would like my colleague to comment on what the impact of this extra debt charge will do to the future economic prosperity of our country.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:20 p.m.

Conservative

Alupa Clarke Conservative Beauport—Limoilou, QC

It is a lasting legacy, indeed, Mr. Speaker.

My colleague from Richmond—Arthabaska used an excellent metaphor.

When a couple goes to the bank to get a mortgage for their home, measures are taken to ensure that the couple's children will not be left to pay for the house later on, and that is exactly what a federal budget should do.

Unfortunately, we can see today that the Liberals are not making sure that the mortgage will be paid off before the kids get the house.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:20 p.m.

The Deputy Speaker Bruce Stanton

Before I recognize the hon. member for Acadie—Bathurst to resume debate, I must inform him that he will have only about eight minutes for his speech.

The hon. Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:20 p.m.

Acadie—Bathurst New Brunswick

Liberal

Serge Cormier LiberalParliamentary Secretary to the Minister of Fisheries

Mr. Speaker, before I begin, a very important day is being celebrated this Sunday, Mother's Day. I want to take this opportunity to wish a happy Mother's Day to all mothers in the world, but especially my mother, my mother-in-law, and my wife for our two beautiful daughters.

I am pleased to rise today to speak to Budget Implementation Act, 2016, No. 1. and its important role in helping revitalize the economy and provide greater support to middle-class Canadians.

This bill, Budget Implementation Act, 2016, No. 1., enables us to take a very important step towards ensuring the long-term prosperity of Canadians, and our government is proud to sponsor it.

With budget 2016, the Government of Canada is taking an essential step towards growing the middle class and revitalizing the Canadian economy.

Budget 2016 puts people first and provides Canadians the help they need now, not 10 years from now.

The budget reflects a new approach for the government, an approach that provides immediate help to those who need it most and clears the way for the kind of growth that all Canadians will benefit from.

Budget 2016 is an ambitious long-term plan to reinforce the heart of the Canadian economy, namely the middle class. With this budget, the Government of Canada is investing for years and decades to come. We are investing for our children and our grandchildren so that they can inherit a more prosperous Canada, full of hope and optimism.

With smart investments and its focus on fairness, the government will ensure that the best is yet to come for Canada. Canada's best days are in front of us.

We introduced a new Canada child benefit in budget 2016. This benefit will help parents better support what is most precious to them, their children. The Canada child benefit is a simpler, more generous tax-free benefit for Canadians. It is also better targeted than current benefits to those who need it most. It will help hundreds of thousands of children living in poverty.

With the passage of this bill, families with children under 18 will receive a maximum annual benefit of up to $6,400 per child under the age of six, and up to $5,400 per child aged six through 17, beginning in July. Nine out of ten families will receive more money than they do now. This benefit will help parents with the high cost of raising their children.

If members support the budget implementation bill, they will be providing direct support to Canadian parents and will help them save for their children's futures. At the core of our plan is the idea that when you have an economy that works for the middle class, you have a country that works for everyone.

However, one factor that is just as important is Canadians' hopes for their later years. Our seniors have worked hard their whole lives. They started businesses, raised children, contributed to their communities, and paid their taxes.

The Budget Implementation Act, 2016, No. 1. provides for significant new investments to support seniors in their retirement. Canada's retirement income system has been successful in reducing the incidence of poverty among Canadian seniors. However, some seniors continue to be at heightened risk of living in low income, particularly single seniors.

Our country's compassion should be judged by how we treat our most vulnerable. Therefore, it is very important that we help our seniors have a comfortable and dignified retirement.

This budget will help seniors have a comfortable and dignified retirement by making significant new investments to support these seniors in their retirement. The passage of this bill will cancel the provisions in the Old Age Security Act that increase the age of eligibility for old age security and guaranteed income supplement benefits from 65 to 67.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:20 p.m.

Some hon. members

Hear, hear!

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:25 p.m.

The Deputy Speaker Bruce Stanton

Order. We have about two more minutes to go.

The hon. member for Acadie—Bathurst.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:25 p.m.

Liberal

Serge Cormier Liberal Acadie—Bathurst, NB

Mr. Speaker, restoring the eligibility age for old age security and guaranteed income supplement benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors and begin looking forward to their retirement.

This measure will help vulnerable seniors who depend on old age security benefits. Without those benefits, seniors run an even greater risk of living in poverty, and that is unacceptable.

The passage of this bill will also increase the guaranteed income supplement top-up benefit by up to $947 annually for the most vulnerable single seniors starting in July 2016, which will support those seniors who rely almost exclusively on old age security and guaranteed income supplement benefits and may therefore be at risk of experiencing financial difficulties.

This enhancement more than doubles the current maximum guaranteed income supplement top-up benefit and represents a 10% increase in the total maximum guaranteed income supplement benefits available to the lowest-income single seniors. This measure represents an investment of over $670 million per year and will improve the financial security of about 900,000 single seniors across Canada. Over two-thirds of the people who will benefit from this increase are single women.

I will close by saying that we know that the problems we are facing will not be solved overnight or in just one budget. However, we know that good governance does not focus just on today and tomorrow, but also on the years and decades to come. The goal is to build a better life for our children and move forward with optimism, knowing that we can reach our goal. That is why I encourage all members of the House to support this bill.

Budget Implementation Act, 2016, No. 1Government Orders

May 6th, 2016 / 1:25 p.m.

The Deputy Speaker Bruce Stanton

The hon. Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard will have three minutes to finish his speech when the House resumes debate on this motion.

It being 1:30 p.m., the House will now proceed to the consideration of private members' business as listed on today's Order Paper.