Mr. Speaker, I would like to take a moment to thank the Minister of Finance and his staff for all their hard work over the past several months to create this year's budget. Their efforts have more than paid off. Budget 2018, entitled “Equality + Growth: A Strong Middle Class”, is a win for all Canadians, including my constituents of Brampton North. I am particularly excited to see the changes to the small business tax rate, which was one of our campaign commitments. It was announced in the fall of 2017, and it will come into effect once Bill C-74 is passed. We made a promise to middle-class Canadians that we would lower their taxes and make sure that everyone pays his or her fair share. With this reduction in the small business tax rate, we are keeping that promise.
When we first took office, we cut the small business tax rate down to 10.5%. We are cutting it again, down to 9% by 2019. For small business owners, this latest change would mean savings of up to $7,500 per year.
There are almost 900 small businesses in my riding alone, a fact that continues to impress me, given that Brampton North covers just 36 square kilometres. We should never underestimate the entrepreneurial spirit of Bramptonians, and indeed of all Canadians. That number should tell us just how many of my constituents this would impact.
It would mean that local institutions like Mackay Pizza, a place I loved to visit growing up as a kid, can save up more quickly for a new oven, stove, or fridge. It would mean that new restaurants like Paranthe Wali Gali, which I just visited last month and which opened a little while ago, can have the financial flexibility they need to get the most out of their first year in business. It would mean that day care centres like Alpha Child Care can buy more blankets for nap hour and more books for storytime. When small local businesses can invest in themselves, that is a win for all Canadians.
Budget 2018 also takes significant steps to strengthen Canada's workforce, making sure that for every new job our economy creates, there is a Canadian ready to fill it. We will provide $448.5 million over the next five years to the Canada summer jobs program, building on our budget 2016 commitment to more than double the number of jobs in the program.
There are many programs in my riding that take advantage of the Canada summer jobs program to hire students and provide fantastic services to the community. The Aspire for Higher basketball camp is just one of many excellent examples from Brampton North. Founded in 2013 by a group of young but passionate men and women, Aspire for Higher has made a change in the lives of many kids through sport, and makes this its number one priority regardless of each child's financial circumstances. I am grateful to Aspire for Higher for the work it has done in the Brampton community, and I am happy to say that our government has been able to provide support to its summer programming every year since we were elected. By increasing Canada summer jobs funding, we can support even more local initiatives like Aspire for Higher as they continue to build a brighter future for our communities.
This year's budget also provides substantial investments in job training for Canadians who are no longer in school, with a focus on women and minorities. The key to ensuring strong and sustainable growth is to make sure these groups have just as much opportunity to succeed as every other Canadian.
Skilled trades, especially red seal trades like welding, baking, and electrical work, offer high-quality and well-paid middle-class jobs that are critical to Canada's economic growth. Despite this, women are often significantly under-represented in these fields, making up just 11% of new registrants. As the Minister of Finance pointed out in the new budget document, this shortage hurts the few women who do work in the skilled trades. Many are both paid less and viewed as less capable than their male counterparts.
Let me be very clear: this is unacceptable. That is why we are providing $19.9 million over the next five years to a pilot apprenticeship incentive grant for women. The grant will provide funding to any woman who decides to receive training in a red seal trade that is male-dominated. Based on current industry demographics, almost 90% of red seal trades fit that definition. This means that with this one grant, we would be making an entire job sector more accessible to women. This is nothing short of remarkable.
Finally, I was thrilled to see that the budget is allocating $81.4 million over the next five years to improve the passenger protect program. The No Fly List Kids organization did invaluable work to make sure that this funding was included in budget 2018. I would like to take this opportunity to applaud its members for their tireless advocacy on this issue.
I would also like to thank the Ontario caucus, which I chair, for its work on this file. In the fall of last year, we sent letters to both the Minister of Finance and the Minister of Public Safety asking that they take action on updating the passenger protect program. Looking at budget 2018, it is clear that our government is listening. The money would make a world of difference to the innocent Canadian children and their parents who have been unfairly caught up in Canada's air traveller screening program. It is unfair. Travelling as a family is stressful enough without delays. My son is just five years old, so I can speak from personal experience. I cannot imagine what it must be like to have one's young child stopped again and again every time one tries to fly. Our government is going to make sure that we have a fair redress system in place, so that Canadian children and their families can book flights and know with confidence that they will be safe from unnecessary and excessive screening. This is real, significant change.
Budget 2018 would have an overwhelmingly positive impact on the lives of Canadians, and I look forward to watching that happen.