Mr. Speaker, I am pleased to have an opportunity to speak in support of and to provide some input into economic action plan 2015. This is certainly a plan of action to continue the necessary actions required to keep our country in the focused direction needed and that has made us the envy of the G7.
Our government has worked hard, and continues to, and is focused on its commitment to the priorities of Canadians: jobs, economic stability, growth, and long-term prosperity. Economic action plan 2015's clear focus on jobs, growth, and security is what my constituents in the riding of Mississauga EastâCooksville and Canadians across the country are looking for.
Back in January, like many of my colleagues, I hosted pre-budget consultations with community and business representatives in my riding to hear their ideas and suggestions. Representatives from a number of key areas, including health, manufacturing, skilled trades, social services, business, and community services, were consulted. I submitted this valuable input to our Minister of Finance and am very pleased to see some of the measures that were included in this budget, economic action plan 2015.
A highly skilled and highly educated workforce is key to succeeding in the global economy. It is also important that we give an equal opportunity to everyone. I was very pleased to announce over $238,000 in funding for the opportunities fund to support the Centre for Education & Training's project to help people with disabilities overcome barriers to employment.
During the pre-budget consultation I held, there was a gentleman by the name of Mike Di Donato, who is the dean of the Skilled Trades College of Canada, which is located in the area I represent. He joined in the discussion on the role of skilled trades and pre-apprenticeship training. We had an opportunity to talk, and he voiced his concerns about the future of skilled trades training and the upcoming federal budget. There is always work to be done in the area of skilled trades, but there are some measures in this budget that are key to the future of skilled trades. This is something Mr. Di Donato is passionate about.
Our government is taking action to harmonize the apprenticeship training and certification requirements in targeted Red Seal trades. The budget also proposes to reallocate up to $35 million over five years for a pilot project for foreign credential recognition loans, and to make it permanent, to support internationally trained workers. This is important news for many constituents in my riding, where many new Canadians come and make their home and want to contribute their skills and expertise.
As a government, we have to do what we can to help create the conditions under which businesses thrive, create jobs, and move our economy. That means helping small businesses and entrepreneurs create jobs. I am pleased to say that our budget proposes to reduce the small business tax rate to 9% by 2019.
The support of our communities is important, and this is done through a number of commitments, including gas tax funding. For the city of Mississauga, that means millions of dollars every year that allows the municipality and the Region of Peel to make priority investments in transportation and infrastructure to keep people moving.
The budget also proposes several measures to help families. The underlying point of balancing the budget is that it allows us to keep the focus on lower taxes to help families and hard-working Canadians. In fact, the overall federal tax burden is now at its lowest level in more than 50 years.
Just two weeks ago, I hosted the 50+ Expo for people over 50 years of age. It was an exciting event for local people who are at the point in their lives when important matters such as retirement planning, security, and safety become a reality. I heard from a number of those who came that they want to remain independent and not have to depend on others as they move to their later years in life.
I would mention some of the measures in the budget to support seniors and people with disabilities. The budget proposes a home accessibility tax credit to help seniors and people with disabilities with renovation costs to make their homes accessible so that they can stay at home and be independent.
We are also introducing changes to the registered retirement income fund that will assist seniors and allow them to withdraw less from their tax-deferred savings. Also, we are increasing the tax-free savings account annual contribution from $5,000 to $10,000. This is something colleagues on the opposite side are criticizing very heavily, but this is a great measure, and I have heard wonderful comments from constituents in my riding about it.
We will always support our veterans, our heroes. Just recently I was honoured to receive a visit from one of them, a Mr. Donald Somerville, who is going with a group of veterans, leaving this weekend, to the Netherlands to celebrate the 70th anniversary of liberation.
We honour our veterans, and we have to make sure that they receive everything and anything they need, especially at the later stages of life. It is important that veterans know that they can count on support for their services. Our budget increases the level of individualized care to veterans requiring regular support by improving the ratio of veterans to case managers. We are also introducing a new retirement income security benefit for severely disabled veterans.
I also want to speak about security for all Canadians. This is very important. People across Canada are looking for safe streets and safe communities, and they want to make sure that our government provides measures and support to our security agencies that keep us safe here in this country.
In closing, the budget is a balanced budget. This was a promise made. This is a promise kept. Therefore, I would like, in closing, to ask all my colleagues in this House to support the budget to support what Canadians are looking for.