There is more good news, Mr. Speaker.
From day one, our government has worked to help the middle class and local businesses, including those in the construction industry.
Today, we are keeping our promise by announcing our intention to introduce prompt payment legislation for Government of Canada construction projects.
This is the result of over a year's work, in close collaboration between our government and the Canadian construction industry. We have developed a 14-point action plan on prompt payment.
We have taken meaningful steps in implementing this action plan by publicly posting payments to business owners, establishing a statement of principles, and changing our policies to ensure that payment can be made within 30 days.
I am proud to say that we are on track to complete our action plan by later this year.
This will benefit tradespeople across the country.