Madam Speaker, I want to begin by saying that I will be sharing my time with the hon. member for Kingston and the Islands.
I am very pleased to rise to speak to the motion moved by the member for New Westminster—Burnaby. I am glad to see that he took note of the new tax cut that the government gave middle-class Canadians. This tax cut will put more money in the pockets of nearly 20 million Canadians. It is a commitment we made during the last election campaign, when we promised to make life more affordable for Canadians. We made that promise and kept it, because we know that this tax cut will help middle-class families and those working hard to join it.
First of all, I believe it is worth pointing out that Canada's economy is strong and growing. I would like to cite some statistics. More than 1.1 million jobs have been created since the fall of 2015. The unemployment rate is at its lowest in more than 40 years. Wages are rising faster than inflation. The poverty rate in Canada is at an all-time low. The results of the 2018 Canadian income survey show that between 2015 and 2018, more than one million Canadians were lifted out of poverty, including 334,000 children and 73,000 seniors. This is the largest three-year reduction in Canadian history. Canadian businesses are turning a profit. In fact, their profits are making them more competitive. This means that employers can continue to create more well-paying jobs. In the end, middle-class Canadians are the winners.
Nevertheless, there is more work to be done. The cost of living is increasing, and too many families still have a hard time making ends meet. That is why we want to help Canadians keep more of what they earn.
It is also why, in 2015, we gave Canadians the tax relief they deserved. We put hundreds of dollars in the pockets of middle-class Canadians. We also asked the richest 1% to pay a little more. In 2020, our government is more committed than ever to providing more support for the middle class and for the most vulnerable Canadians, achieving tax fairness and investing in people. That is the best way to grow the economy.
That is why we have taken steps to help families buy their first home. It is why we have enhanced support for Canadian families. As I mentioned yesterday, 9,000 families in Hochelaga have received monthly tax-free payments.