Thank you, Mr. Chair.
It is a great pleasure to be here with my colleague Minister Tassi and, of course, the distinguished members of this committee.
I would also like to remind you that we are currently on the traditional territory of the Algonquin people.
As I mentioned a few moments ago, we are grateful for the excellent work the committee has done in recent months.
As Minister of Families, Children and Social Development, my main objective is to increase the economic and social security of all Canadians. I must say that, at Employment and Social Development Canada, we are extremely proud of what we have done in recent years to help Canadians cope with the various transitions in their lives. We are working and will continue to work for Canadians in the middle class and those working hard to join it. This is a major feature of the platform of the government that was elected in 2015: to grow the economy by growing the middle class and by helping more Canadians to join the middle class. The plan is working.
Since 2015, one million new jobs have been created. We have the lowest unemployment rate since 1976. We have one of the highest growth rates among all developed countries. In 2019, a typical middle-class family has $2,000 more in its pockets than in 2015. As for the economy, our debt is decreasing and will soon be at its lowest level in 40 years. Finally, in 2019, Canada had the lowest poverty rate in its history.
Some of the programs that have made a difference include the Canada child benefit, which contrasts sharply with the programs of the previous government, Mr. Harper's. The Harper government's programs were poorly targeted and favoured the families of millionaires. In addition, it was difficult to benefit from them. Families often had to wait until their income tax returns were filed to receive assistance and often had to pay taxes on the assistance they had previously received. It was also complicated for the government to manage.
In July 2016, we introduced the Canada child benefit, the most innovative social policy of this generation. It is a program we can be proud of. It is simple for families. They receive one cheque every month, and the amount is tax-free. It is easy for the government to manage. It is fair, because 9 of 10 families receive the Canada child benefit, an average of $500 tax-free per month. Finally, as I said a few moments ago, this is helping to significantly reduce the level of poverty in Canada.
In addition, yesterday, I had the opportunity to announce that this benefit would be indexed. On July 20, in fact, it will be increased for the second time in two years.
As part of that announcement, I talked about the “20th of the month” effect, which I heard about a few weeks ago when I was in my riding in Quebec City. Middle-class and lower-income families tell me about the “20th of the month” effect. Community organizations find that, starting on the 20th of each month, when the benefit is deposited in the bank accounts of middle-class families, parents are less stressed and children are less concerned about their parents' financial security. Children go to school with a fuller lunch box, containing snacks and good quality food. This is a wonderful social and economic achievement for our country. In 2016, we were already predicting the “20th of each month” effect. We knew that it would have a macroeconomic impact and would contribute to the significant economic growth we have seen since 2015. However, we are seeing that it is also very important at the microeconomic level, affecting families and children.
Of course, we have accomplished a number of other things, such as launching the first poverty reduction strategy in Canadian history. Once again, yesterday and this morning, I met with stakeholders who congratulated us on the fact that, for the first time in the history of the Canadian government, we have serious and rigorous indicators to measure poverty and social exclusion. We also have credible targets, and organizations such as the soon-to-be-established National Advisory Council on Poverty, to monitor and hold the government accountable for achieving its targets.
The national housing strategy, a first in Canadian history, has a budget of $55 billion and will have a whole host of socio-economic impacts across Canada. Among other things, it will provide more than half a million Canadian families with safe and affordable housing. Without this strategy, many of those families could well have ended up on the street.
There is also a new program to combat homelessness, which will eventually double the budget for federal government support to communities and reduce chronic homelessness by at least 50%.
We are also making very significant investments in programs for seniors, which Minister Tassi will be talking about in a few moments.
In the latest budget, we are going even further. For example, we are making it easier for first-time buyers to own a home. We know how difficult it can be for young middle-class families in Canada to achieve the dream of buying their first home, starting a family, having children and becoming involved in their communities. It is a dream, because it is difficult for them to believe that, one day, they will have the means to buy a home.
In addition to facilitating access to a first home, the measures in Budget 2019 improve the home buyers' plan (HBP) by making it more flexible. For example, some families who already own a first home unfortunately have to separate. When they want to start a new life with a new spouse, these measures give the newly formed families the opportunity to have access to the HBP again.
In addition, Budget 2019 provides a reduction in interest rates on student loans, a new Canada training benefit and an EI training support benefit, which will provide workers with money and time to continue to invest in their skills and support the economic growth of Canadian businesses.
Finally, Budget 2019 contains a substantial increase in the guaranteed income supplement, which will give between $4,000 and $6,000 more to seniors who are willing and able to work a little longer after age 65. Minister Tassi will be able to say more about that.
I will keep this short, because I look forward to your questions and comments.
In closing, I would like to mention that, over the past four years, there have been major changes in the ability of middle-class families to support their children and communities. The result has been economic growth that Canadians could not have hoped for before 2015. That's because we made the right choice. When we invest in people and the middle class, the economy grows. We have seen how wonderful, how amazing, the results are. We will continue to provide this program to Canadians.
However, for this program to be implemented, senior officials must work very hard every day. This is the last time I will appear before you in this term, and I would like to congratulate them. Some are here with us today and many others are working elsewhere to deliver the Government of Canada's agenda. I would like to congratulate them because they often receive all sorts of criticism. They work under challenging conditions. Resources are always scarce. The deadlines are tight. The missions are weighty. I would like to congratulate the people from the Canada Mortgage and Housing Corporation and from my department, EDSC, for everything they do, of which Canadians are unfortunately not sufficiently aware. We can be proud of our public service.
Thank you.