Mr. Speaker, I will continue the excellent commencement to this debate in this 20-minute segment by carrying on from the comments that were made by the member who just spoke.
I am rising in the chamber to speak to Bill C-97, the budget implementation act. This bill continues our government's commitment to put forward a progressive and positive agenda for all Canadians.
This budget has received praise from numerous sources. I have heard about it from the engaged and informed constituents of my riding of Parkdale—High Park, some of whom are here observing the proceedings today. Welcome, Mr. Van Dam.
This legislation will fund important initiatives in relationship to the environment, in relationship to anti-racism, in relationship to support for places of worship, indigenous languages, students, the LGBTQ2 community, infrastructure, health initiatives, social finance and so much more.
During my remarks today I will detail the highlights of this budget that relate to Bill C-97, which will improve the lives of my constituents in Parkdale—Hyde Park as well as Canadians right across the country.
First, it is important to thank the many stakeholders and individual Canadians for their hard work in advocating for various causes and issues raised in the budget by presenting their submissions to the Minister of Finance and the finance committee.
I want to begin my substantive remarks with one of the most important priorities for our country and for the world at large, as was just touched upon in the previous statements. It is the issue of climate change and its impact on our environment.
I agree wholeheartedly with the question that was posed by the NDP heritage critic about this issue needing to be a pan-governmental issue and a nonpartisan issue. Unfortunately, to date it has not been.
As many Canadians know, our government has placed a price on pollution, and it came into full force on April 1 of this year. This is a historic tool that will ensure that pollution is no longer free, and it reflects what I hear from my constituents and people right around this country: that climate change is absolutely real and that we must take action now.
In budget 2019 and through this very bill, we are taking steps in our plan to protect the environment and at the same time grow a clean economy while making life more affordable for Canadians.
This budget implementation legislation would implement a few additional measures, such as our $1-billion plan for investments in energy efficiency, which includes our new home retrofit program to help Canadians lower their electricity and energy bills.
It also includes a new $5,000 subsidy for Canadians investing in zero-emission vehicles. Those are Canadians in my riding of Parkdale—High Park and Canadians in every riding of this country. The bill will also support zero-emission vehicle manufacturing right here in Canada.
This is how we are making meaningful progress on fighting climate change now.
Next is an issue that touches all of us in this country, including residents in Parkdale—High Park in Toronto: the cost of housing.
Everyone deserves an affordable place to call home, but far too often Canadians are being priced out of the housing market. This bill would implement housing investments from budget 2019 that we are making to address housing affordability.
An important initiative is the first-time homebuyers incentive, which will allow first-time homebuyers to reduce their monthly insured mortgage payments by way of a shared equity mortgage from the Canada Mortgage and Housing Corporation, CMHC, which would not have to be paid off until the unit is eventually resold. The shared equity mortgage could be up to 10% for a new build or up to 5% for a repurchase.
We are also allowing Canadians to withdraw, without penalty, an additional $10,000 from their RRSPs for the purpose of buying a home.
As well, we are increasing the funds for the rental construction financing initiative, which will help to build thousands of new, well-priced units right around country. That is important, because we have heard constantly that in order to address housing, we have to address the supply.
Bill C-97 would also implement our plan to modernize the Canada homebuyers' plan. This plan is intended to assist Canadians with their down payment and, by extension, the costs of purchasing a home. With this legislation, we are increasing the homebuyers' plan withdrawal limit from $25,000 to $35,000, which will make it more flexible to adapt to changing familial circumstances. That is in reference to the RRSP notion that I raised earlier.
This is on top of our overall $40-billion national housing strategy that now exceeds $50 billion when we combine previous budgetary allocations with the allocations currently being made. This national housing strategy has already been a tremendous success right around the country.
How does it affect my riding? I will explain how. It will affect my riding in two concrete ways.
First, we have five federally subsidized co-ops in my riding of Parkdale—High Park. Every single one of the tenants who has a rent-geared-to-income subsidy provided by the federal government will have that subsidy renewed by virtue of this budget and by virtue of our policies on housing.
Second, we have made a historic announcement of $1.3 billion for the national housing strategy that will come directly to Toronto to help those who are in social housing. It will come to the Toronto Community Housing Corporation. This is the single largest investment in Canadian history that is dedicated directly to municipalities, and 58,000 units will be affected. It will help to renovate, maintain and repair the housing stock, ensuring that the housing stock remains on the market so that people are appropriately housed. That is what a housing strategy does. That is what I am proud to defend here as a government member.
Our infrastructure investments do not stop there. Once again, we are stepping up while governments like the provincial government of Doug Ford are stepping out. In particular, we are investing $2.2 billion into the federal gas tax fund. That gas tax transfer is being doubled this year through this budget so that municipalities can commence much-needed infrastructure repair. This is how we will ensure that infrastructure funding gets exactly where it needs to go, and more importantly, it will go to those who have the ability to actually get the projects done, meaning local and municipal governments and grassroots community organizations.
Why are we taking this step? It is because it was asked for by the Federation of Canadian Municipalities. Those municipalities have expressed their absolute frustration with governments like the one in Ontario led by Premier Ford, which has stubbornly refused to get moving on much-needed infrastructure repairs purely because of partisan considerations. What we are doing is going directly to those municipalities to address their needs.
This budget implementation bill would also implement Canada's first ever poverty reduction strategy by entrenching an official poverty line and the national advisory council on poverty into law. This is in addition to the incredible news this year that the poverty initiatives implemented by our government are indeed working. Statistics released earlier this year show that 825,000 Canadians have been lifted out of poverty and that we are three years ahead of the targets we set as a government. Thanks to federal initiatives, poverty has fallen 20% since 2015. A hallmark of that initiative is the Canada child benefit and its targeted, means-tested approach.
We are continuing with the other important commitments we have made. We are entrenching pay transparency with this bill. As we well know, currently women in Canada earn approximately 87¢ on the dollar compared to men. This is absolutely unacceptable. Last year's budget introduced pay equity measures, and in order to reduce the wage gap, this year's budget will introduce new pay transparency measures in Canada for federally regulated employers. With this legislation, we will require employers to include new salary data in their annual reports to the Minister of Employment, Workforce Development and Labour in order to ensure total pay transparency. This is important because it will have an impact on Canadians.
I want to pick up on a question that was asked to the previous member, who spoke about indigenous reconciliation and how it is vested in this budget. It is vested in two critically important ways.
The first is in providing supports of over $300 million for indigenous language maintenance, protection and revitalization. I was very proud to have worked on the development of Bill C-91, which would revitalize, protect and promote indigenous languages during my time as parliamentary secretary to the Minister of Canadian Heritage. We are now coupling that statutory instrument with the financial resources to make it a reality. This is something that has been lauded by indigenous leaders, and rightly so, because it puts money to the commitments we have made to reconcile with indigenous peoples through promoting their language faculties.
Second, it needs to be stated over and over again that the situation of boil water advisories on reserves is deplorable, but we are making active changes to that situation. Thus far, we have lifted 81 boil water advisories around Canada. We are on track to lift all of them by March 2021. To demonstrate our commitment to this goal, we have dedicated an additional $733 million in this year's budget to that very important goal to ensure that no person in Canada, particularly no indigenous person, has to boil their water in order to drink safe water.
Those are the kinds of commitments that people have talked about to me in my riding. Those are the kinds of commitments toward housing, to reconciliation, to poverty elimination, to women, to addressing economic circumstances and job creation that people prioritize. This is a budget that I am proud to stand behind, and I urge every member of this chamber to do exactly the same.