Mr. Speaker, the government recognizes how vital women-owned businesses are to the Canadian economy. The fact is there are 821,000 women-owned businesses in Canada which contribute in excess of $18 billion every year to our economy, quite a significant sector of our economy.
The government has a proven track record in supporting the growth of small businesses. Our five year tax plan helps them retain more of their earnings and enhances opportunities and incentives for investors.
The report of the 2003 Liberal task force on women entrepreneurs contained recommendations that were in fact included in budget 2004: accelerated initiatives to provide more quality child care; working to update labour market programming to better reflect the realities of work in the 21st century; and announcing venture capital investment programs through the Business Development Bank of Canada and Farm Credit Canada, totalling $270 million.
The government is proud to help women business owners across Canada scale new heights.