Mr. Speaker, it is indeed an honour to speak to the economic action plan 2013 and what it would do as a continuation of our previous budgets to help stimulate and continue to grow this great Canada in which we live.
The budget is a commitment we have made to create jobs and balance the budget. We will continue to do that. We have seen previous initiatives of the economic action plan come into play and keep our country expanding as we move forward.
Since 2006, we have created nearly 1.5 million net new jobs. From July 2009 alone, 90% of the jobs created were full time, and 80% were in private industry. That is the objective. That is what we want, full time jobs in private business, because private business hires people and stimulates the economy.
For the first time in more than three decades, Canada's unemployment rate is lower than that of our neighbour, the United States. That does not happen without a considerable amount of thought and strategy, not only by our Prime Minister but by our cabinet and also the Minister of Finance who, by the way, has been nominated as the best finance minister in the world, I believe rightly. We have to recognize that things do not just happen; they come because we plan and put a vision forward.
In the past, we introduced universal child care because we are interested in families. Those families with children under six get $1,200 a year, and they get to make the decisions about how to raise their families.
We have given a family caregiver tax credit and a volunteer firefighter tax credit. I live in a rural municipality. My riding is a large rural one with very many small towns, 50 or 60, and they all have volunteer fire departments. The volunteer firefighter tax credit of $3,000 was a huge issue for them, just to recognize some of the work they do not only in their departments but in their communities for all of us.
We decreased the GST from 7% to 6% to 5%. I remember the debate at that time. Whether an individual buys a chocolate bar or a shirt, it is only a few cents or a dollar. In my riding, for every 1%, it left $18 million in the pockets of my constituents. We dropped that 2%. That was $36 million that was left in the pockets of our families in Lambton—Kent—Middlesex.
That meant people had that money at their disposal and at their discretion, whether it was to buy for the needs of a family, pay down a mortgage or help replace a car. Those are a lot of dollars that came into effect and were of benefit to each and every family in my riding of Lambton—Kent—Middlesex.
In this last budget we introduced the Canada job grant. This is quite a unique and a very forward-thinking proposition, which brings in partnerships. I have always believed that, if we are to succeed, very seldom do we do it on our own. We do it by embracing those around us with like minds on the way we can move forward. The Canada job grant would provide up to $15,000 per person to help Canadians get the skills they need.
When I talk about a partnership, it is up to $5,000 each from the federal government, the provincial government and the employer. This would give ownership of that employer in helping to get students back in the business and come out of a job with some experience. That seems to be one of the biggest issues right now. Everybody wants to have experience, but when students get out of college or university without experience, it becomes difficult to land a job.
In Lambton—Kent—Middlesex we do not have large corporations. Our businesses are small. Two or three are medium sized, but basically, we are a small business riding. We have small businesses and agriculture.
We extended the hiring credit for small businesses with $225,000 invested. It assists small businesses by giving them a hiring credit so that they can hire someone, likely a student. It also gives students an opportunity to gain more experience. They can see if it is actually the job they want to do. That has been important to the businesses in my riding.
We would also further tax relief for manufacturers through the two-year extension of the temporary accelerated capital cost allowance for new machinery and equipment. Technology and innovation are changing so quickly that businesses need some sort of accelerated capital writeoff. My colleague spoke earlier about having antiquated equipment after 20 years. It takes that long to write it off. Equipment does not last that long. We needed to make sure that if we were going to have a healthy industry in manufacturing, and if we wanted to continue to help it grow, we wanted to help that along by providing an accelerated capital cost allowance.
Something that is important in my riding, which has small businesses and agriculture, as I mentioned, is the capital gains exemption. It was established at $750,000 and has been sitting there since we changed it. Do not hold me to the date, but I am going to say that in 2008 we moved it up from $500,000 to $750,000. We saw it as a benefit to those who are generating the economy in our country and in our ridings to increase the capital gains exemption to $800,000. However, we are not locking it in at that. We are actually indexing it over the years so that it will meet the new limits through inflation.
We continue to stand behind farmers, families and communities. We introduced the first-time donor's super credit. Some may be asking what that means. As I mentioned, I come from an area of small towns. They rely so much on volunteers. They rely so much on charitable organizations to carry out the functions within their communities that governments cannot. What I have found in rural areas is that, proportionately, they dig deep into their pockets. They dig deep to help those in need, whether it is for a disease or a health issue or for a financial issue. For those making charitable donations, we have extended that super credit to give them an accelerated writeoff on their first-time donation.
The Federation of Canadian Municipalities said that they needed to make sure that they had sustainable funding for infrastructure. We have been very strong in moving forward on that. We would index the gas tax funds. That amount of money will now continue to grow. It is a significant part of what the municipalities in my riding use for infrastructure funding. It forms part of the $53 billion in long-term support for infrastructure. It is roads and bridges, water and sewers. They are the things homeowners and businesses need. If we are going to produce the products to get to market, we have to make sure that we have the roads, the bridges and the infrastructure to get them to those markets.
Additionally, we have to realize that what is important for the strength of our businesses and our individuals are low taxes. It does not matter where one goes, low taxes make it. We have the lowest tax structure we have had in 50 years.
This is part of the big plan of the economic action plan that has been started. It will continue to take us through as we grow Canada and our economy. It is indeed my pleasure to say that I will be supporting this budget.