Mr. Speaker, before I begin my remarks, I would like to personally express my profound sadness for the tragedy in Fort McMurray. My heart goes out to all the people who have been affected by the forest fires that are still raging.
I also want to thank all Canadians who have offered their prayers and support to our fellow Canadians at this time. I also want to thank all of the first responders, citizens, and officials who are working day and night to confront this terrible situation.
The generosity of Canadians is never in doubt, and as a country we will do our best to support all of those who have been affected.
I want to begin my remarks by thanking the kind and generous people of Kitchener Centre for giving me the opportunity to be their voice in Ottawa. This opportunity has humbled me, and allowed me to grow as a person and become more aware of how beautiful my constituency is. It is beautiful because of the hard-working people who contribute to its vitality and growth.
I was elected to work for the advancement and betterment of my community. Our budget sets the tone and the framework for my community to achieve its potential without fear, limitation, or hesitation.
Budget 2016 is very clear in its approach. Our budget is for the middle class and those wishing to join it. Let me begin by sharing some highlights.
Firstly, our government, at its very outset, introduced a middle-class tax cut to help Canadians make their lives easier. Our approach will help nine million Canadians who will see an average tax reduction of $330 for single Canadians and $540 for couples.
This tax cut will put more money in the pockets of Canadians, who will be able to invest in the things that are important to them. Whether it be investing in their financial security or investing in their children, this middle-class tax cut will boost economic activity in the short term and put us on a more sure footing for the long term
Second, our Canada child benefit plan represents a generational shift in social policy. The hallmark of our plan is that it will be better targeted to those who need it the most.
Low- and middle-income families will receive more benefits and those with higher incomes will receive lower benefits.
Our plan is fairer, more targeted, and much simpler. The strength of our plan is built on fairness. Any family that receives a benefit will not have to fear a clawback, because our plan is tax free.
We know that raising children is expensive. Many families have to juggle their finances to make sure they can raise their children in the manner they choose. The child benefit plan will allow parents to make decisions that are best for their children. Our plan will lift almost 300,000 children out of poverty. That, in and of itself, is a pursuit that we must take.
Third, our infrastructure plan in budget 2016 will invest $11.9 million right away to build roads, bridges, improve public transit, improve water and waste water facilities, and refurbish affordable housing.
This will create thousands of jobs and boost our economy.
We will invest $3.4 billion over the next three years in public transit. We will invest $5 billion over the next five years in green infrastructure, and over $3.4 billion in social infrastructure, including affordable housing.
This will benefit seniors housing, community centres, and child care centres. This will also aid in the refurbishment of 100,000 affordable homes.
I cannot tell the House how happy the affordable housing community is in my riding. For the first time in a generation, we will see the homeless in our communities finally have a place to call home.
Housing is not the problem. It is the solution.
Fourthly, we have made specific proposals to help our most vulnerable seniors. We will roll back the age at which seniors can access old age security and guaranteed income supplement benefits from 67 to 65. We are also going to boost the guaranteed income supplement for 900,000 low-income seniors.
Our budget is about bringing dignity to those who have spent their lives making our country strong and prosperous. We are all beneficiaries of their hard work and our plan will help them live their lives with financial security, because we owe them our respect, appreciation, and loyalty.
I am fortunate to have begun my professional life in one of the most innovative and progressive communities in Canada. My region, Kitchener, Waterloo, and Cambridge, known as the golden triangle, is considered to be the heart of the innovation community in Canada.
With our collaborative nature and innovative ecosystem, the Perimeter Institute, the Quantum-Nano Centre, Communitech, Google, two universities and one community college, and our numerous start-up companies, our region has led the country in innovation. For us, it is in our DNA. Our clusters and our advanced ecosystem have distinguished us on the world stage. We are a key component in a new economic driver, the Quantum Valley corridor.
Our budget is defining a new approach for Canada's economy.
We know that other countries in the world are searching for ways to improve their societies. We must meet the challenge of a new economy.
Our citizens, who are the most educated and the most technologically advanced in the history of our country, are asking us to give them the tools to succeed. That is why in our budget, we have earmarked $2 billion for post-secondary institutions. Making sure that our leaders of tomorrow have the best resources to study and innovate will help chart a course for future growth.
Research and innovation will be at the heart of our country’s progress.
That is why we will invest $30 million for the Canadian Institutes of Health Research, $30 million for NSERC, and $16 million for Social Sciences and the Humanities Research Council.
We know that helping our researchers will not only benefit our young, but it will strengthen our economy and make for a more progressive society.
We know that small and medium-sized businesses also need the tools to succeed.
That is why we will be strengthening Canada's network of accelerators and incubators. My region will definitely benefit from this visionary approach. We will also be supporting a strong and innovative automotive sector.
One company in my riding is already benefiting from this approach. Pravala Networks, in Kitchener, has received $9.7 million to develop a platform that will provide uninterrupted Internet connectively in vehicles.
We know that by helping small firms to innovate and grow, and by helping high-impact firms scale up, it will only strengthen our economy and provide the high-quality and high-paying jobs that our citizens need.
Finally, our budget sets the stage for the renewal and the re-emergence of our country.
The role of any government is to create the conditions for its people to succeed and prosper. However, a visionary government inspires its people to use their skills and advantages to help the world succeed. We are blessed to live in this wonderful country and that blessing comes with responsibility. Many have said that with power comes great responsibility. In my view, power comes with a greater responsibility to be generous.
My Canada does not seek comfort and wealth for itself; it seeks opportunity to help the world.
Whenever we discover a new medical breakthrough, we share it with the world. When our researchers discover new green technologies, the world will benefit. When we take care of our most vulnerable, we show the world how to live in peace and tolerance.
My Canada strives to make the world a better place. Our budget will not only make our country better, it will allow us to share our knowledge, research, and technology with the rest of the world. My statement may sound bold, and it is.
The 21st century is before us and belongs to us. Canada must claim its rightful place and lead the world in peace and development.
What we say matters on the world stage. How we take care of our most vulnerable will be noticed. How we navigate the complexities of the future will be emulated.
My Canada will be at the forefront and will not shrink from any challenge.
My Canada will lead the world in tolerance, innovation, generosity, and fairness, because better is not only possible, it is within our reach.