Mr. Speaker, I rise today to speak to the economic action plan presented by our government on January 27.
Before I begin, Mr. Speaker, I would like to indicate that I will be splitting my time with the member for Peterborough.
I would like to take a moment in my first speech in the 40th Parliament to thank the people of Kitchener—Conestoga for their continued faith in me and sending me back to Ottawa to represent them. I would also like to thank my wife, Betty, and our children, Gavin, Benj and Arja, as well as their families. I am incredibly blessed and could not do what I am doing here without their love and sacrifice.
This afternoon I speak on behalf of the residents of Kitchener—Conestoga. As was mentioned earlier this week by my colleague, the hon. member for Kitchener—Waterloo, we undertook, along with the hon. member for Kitchener Centre, a series of round tables with community leaders. From local governments to non-government organizations, from local businesses to multinational corporations, from agriculture to engineering to recycling, a diverse group shared its views. Each of them brought forward very valuable ideas as to what they felt were the most crucial economic issues needing our attention.
Participants were unanimous that expedited infrastructure spending, investments in housing, access to credit, support for new and traditional industrial sectors and building sustainable labour markets were the most credible choices to provide stimulus. There was some divergence over the relative priorities within that list. Municipal government representatives focused their conversations on the importance of infrastructure renewal and an expedited process for approving projects as a means to inject stimulus. Business leaders focused on the tightening of credit as a threat to Canadian business and jobs.
The sessions were remarkable for the lack of tunnel vision participants brought to the table. There was near uniform agreement that in the Canadian economy a balance of all these priorities must be found.
There was significant conversation regarding what should be included in the umbrella term “infrastructure” for funding purposes. Beyond the traditional roads, bridges and crossings, there was broad support for the inclusion of other necessary investments, including green energy initiatives and broadband access for rural areas.
A report from these prebudget consultations was then compiled and presented to the Minister of Finance. It is very obvious that our finance minister was listening because many of the suggestions that we received from these participants have been reflected in this government's economic action plan. Let me say that this plan presented by our Minister of Finance on Tuesday has been received very well in my constituency.
I am happy to say that my Waterloo region colleagues and I were not the only ones to engage Canadians in consultations regarding the unique challenge facing Canada's economy. The budget that we debate today is the result of the most comprehensive and inclusive prebudget consultations in Canadian history. I would like to extend my congratulations and thanks to the Minister of Finance and his parliamentary secretary, the member for Macleod, for their continued fine work and leadership on behalf of all Canadians.
Canada is being hard hit by a global recession that started in the United States. Businesses in my riding are being impacted negatively, manufacturing job losses have increased, and the demand for EI benefits and retraining opportunities have increased.
Our economic action plan addresses the need for extended EI benefits and enhancing the availability of training opportunities for those who have lost jobs.
By extending the work-sharing agreements by 14 weeks, more Canadians will be able to continue working. The $1.8 billion directed toward increasing the availability of training opportunities will go a long way toward addressing the needs of many who have lost jobs in sectors which are very unlikely to ever return to the levels of employment opportunity they once experienced.
The strategic training and transition fund would support the needs of individuals who do not qualify for EI training, such as the self-employed or those who have been out of work for a prolonged period of time.
Other initiatives such as those targeting student summer jobs and the initiative for older workers will address specific demographics of those affected by this economic downturn.
The apprenticeship completion grant of $2,000 will help to address the critical need for skilled labour, a problem which will only get worse unless young Canadians are encouraged to enter these worthy professions, and community colleges are equipped to train them.
That brings me to the commitment of our government to provide $2 billion for the acceleration of new projects at our post-secondary institutions. Mr. John Tibbits, the president of Conestoga College, has been persistent in his call for greater emphasis on skilled trades training. Mr. Tibbits has the honour of being the leader of a college that for 9 of the last 10 years has been named the number one publicly-funded college in Ontario.
Mr. Tibbits had the following to say about our economic action plan, “We're very pleased with the Federal Budget. Our Federal Members of Parliament have listened to our concerns through pre-budget briefings. The budget responds directly to those concerns”.
I am very proud to say that Conestoga College is situated in my riding of Kitchener—Conestoga.
One of the points I noted from our consultations was that, regardless of their sector, participants clearly recognized the long-standing need for municipal infrastructure renewal. This government understands that and will accelerate and expand recent historic investments in infrastructure with almost $12 billion in new infrastructure spending over five years. This provides Ontario with its share of $4.5 billion over two years for roads, bridges, buildings and broadband, and accelerates payments for infrastructure projects in Ontario.
I am happy that our government has provided more than $1 billion over five years for the southern Ontario development agency program to help workers, communities and businesses in the region. In fact, Stratford mayor, Dan Mathieson of the Southwest Economic Alliance, said, “This budget is good news for southwest Ontario. It is good news for our communities, for our citizens and for our economy”.
We have heard from many sectors that are giving their strong support to this play. The mayor of Kitchener said, “It is good news for the municipalities. That is probably an historic event in terms of the acknowledgement by the federal government that there is going to have to be a partnership as we deal with the infrastructure deficit that municipalities have been talking about for some time”.
Our government is doing the right thing by cutting taxes and improving access to capital for the financial system. Since coming to office the government has provided $78.3 billion in tax relief to the people and businesses of Ontario. Budget 2009 will provide an additional $9.1 billion in tax relief. We have also made $13 billion in additional financing available to crown corporations, such as CMHC, Export Development Canada and the Business Development Corporation, and increased their flexibility and capacity to provide capital to small business.
Our government will also provide Ontarians with $1.3 billion through a temporary home renovation tax credit which will provide meaningful tax relief to help Canadian homeowners make improvements to their property while promoting broad based economic activity.
There is an additional $407 million in support for first-time homebuyers through the $5,000 first time homebuyers tax credit to assist them with the costs associated with the purchase of their first home. The $5,000 increase of RRSP withdrawal limits will also assist first-time homebuyers in purchasing a home.
Budget 2009 also provides $225 million over three years to Industry Canada to develop and implement strategy on extending broadband coverage to communities that are not currently served, beginning in 2009. Canada is one of the most connected nations in the world with the highest broadband connection rate among the G7 countries. However, there are still gaps in access to broadband, particularly in rural and remote areas. Our government is committed to closing the broadband gap in Canada by encouraging development of rural broadband infrastructure. Much of my constituency is comprised of rural areas, some of which do not yet have access to broadband Internet.
I have heard concerns about this gap since my election and I was very pleased to see this addressed in this year's economic action plan.
Another provision which brings great benefit to the Waterloo region is the $50 million grant to the Institute for Quantum Computing. The institute is a world leader in research and teaching in the field of quantum information, a discipline that opens opportunities for the development of new technologies and opportunities for the creation of jobs.
Canadians sent the Conservative Party, led by our Prime Minister, to Ottawa with a strengthened mandate to steer this country through a worldwide economic crisis. They did so knowing that this is a government that is not afraid to make hard choices and it is not afraid to lead by example.
This economic action plan is what we need in these uncertain times. For all of us who have been sent here to represent our constituents in the House of Commons, we can never forget that we are here to represent those who have entrusted us with the serious responsibility to examine the issues and then to make the right choices.
It is my sincere belief that the budget represents the best possible plan to lead Canada through the troubled waters of the economic storm and that as we work together as a nation we will emerge even stronger than we are today.
May God keep Canada glorious and free.