Mr. Speaker, this opportunity is already memorable for me, given the attempt by the member for Timmins—James Bay to deny a provision of his own party's platform using a point of order, not once during my speech, but twice.
We will not be deflected from our purpose by a $21 billion carbon tax, by the job-killing proposals from the other side. We are focused on a policy of invention and innovation, attracting the best managers and entrepreneurs, ensuring the right skills development for Canadians to make our economy's leading sectors engines of higher productivity, growth and job creation, because that is the bottom line.
Every day that we lose in the House to issues other than setting the conditions for creating jobs is a day when Canadians lose confidence in us. When the time is allocated according to our government's priorities, we will not make that mistake. That is why, for a country that has become even more of a leader in financial services, the bill is improving oversight at CMHC for its securitization functions at this critical moment in the evolution of our property market.
That is why we are updating the Bretton Woods act to make sure we fulfill our international obligations as a strong member of the G20 and the G8.
That is why we are accelerating the capital cost allowance for clean energy and phasing out two tax credits to ensure the neutrality of the system and applying the second one, the one formerly for Atlantic oil and gas and mining, also to clean energy generating equipment. This would ensure that Canadian entrepreneurs all across the country have the best opportunity to grow a leading energy sector even larger in the years and decades to come.
That is why we are updating the Public Service Superannuation Act to ensure there are no unfunded liabilities there.
That is why we are opening the door to pooled registered pension plans to make sure that entrepreneurs and small businesses that do not have access to pensions, and there are millions of them across the country, do so in the future.
That is why we are bringing into law the bridge to strengthen trade act to make sure that the Detroit River international crossing, an artery of the largest trading relationship in the world, moves forward expeditiously and with a strong impetus from Canada behind it.
That is why we are reforming the scientific research and experimental development investment tax credit to remove capital, to remove the profit element for third parties and to reduce the tax credit from 20% to 15%. We think these measures will make it work better and ensure that research and development are increasingly translated into jobs, employment and the breakthroughs of tomorrow that would allow the businesses of tomorrow in this country to move ahead.
These measures have already had a huge impact in my riding. Fifty Ajax business owners have written to me recently about the hiring credit for small business and about the pooled registered pension plan scheme contained in the bill. They are excited about it. It is relevant for them. That only adds to our determination on this side to move ahead. The youth employment strategy that the government has put forward has had benefits across the board in communities like Ajax—Pickering with $428,000 and 67 projects for the summer jobs program just this year, with much more to come under the same strategy.
In Canada's statement, prepared for the recent IMF board meeting in Tokyo, our Minister of Finance spoke of “measures to support jobs and growth by improving conditions for businesses, entrepreneurs and innovators, investing in training and infrastructure, and helping the unemployed find jobs”. That is exactly what the bill does.