Mr. Speaker, I am delighted to rise today to speak to Bill C-60, the first budget implementation act of 2013.
Economic action plan 2013 is an outstanding budget that responds to the needs of Canadians. It delivers on the priorities that matter to my constituents in Richmond Hill: jobs, a stable economy, low taxes, support for infrastructure, help for the most vulnerable, and investments in science and innovation to build the jobs of the future.
In my time allowed today I will highlight just a few of the ways in which economic action plan 2013 would benefit communities, families and job creators.
During my pre-budget consultations in Richmond Hill, I heard loud and clear from many constituents, local businesses, the Richmond Hill Chamber of Commerce and many others about how essential the gas tax fund has become. It is a source of predictable, stable, long-term funding to municipalities that helps build and revitalize public infrastructure while achieving positive environmental results. This Conservative government under the leadership of the right hon. Prime Minister doubled the gas tax fund in 2009. It was also this government that put legislation in place through economic action plan 2011 to make these funds permanent. This is not a small amount. The gas tax fund is a direct annual investment of $2 billion delivered directly to municipalities across our great country.
In my riding, the town of Richmond Hill, this important government initiative adds $5 million each and every year to its coffers. Since we doubled the fund in 2009 that means about $20 million has helped build essential infrastructure in the town of Richmond Hill. Let me give the House a few examples: $435,000 in gas tax funds provided the energy-efficient upgrades for our rehabilitated Bond Lake Arena in addition to federal recreational infrastructure contributions of $712,000, which allowed residents in Oak Ridges and the surrounding area to continue using this important community facility; $200,000 in gas tax funds was used to install a geothermal heating and cooling system at the Richmond Hill Theatre for the Performing Arts, saving thousands of dollars in operating costs; and $1.1 million in gas tax funds went toward the rehabilitation of the aging Pioneer Park stormwater facility. Approximately 700 hectares of land, including many new neighbourhoods, are now protected from erosion and flooding.
Millions of dollars have been used to support a collection of energy-efficient projects. These include: a solar heating and snow melting system at the Shaw House in Phyllis Rawlinson Park; a solar pool heating system at Bayview Hill Community Centre; a small wind turbine and solar electrical panels at Richmond Green Park, and the purchase of a fully electric vehicle.
Gas tax funds in Richmond Hill helped the community achieve the honour of being Ontario's first municipality to reach its corporate greenhouse gas reduction target.
Economic action plan 2013 goes even further by proposing to index gas tax funds at 2% per year. It also expands the list of eligible projects to include highways, short-line rail, disaster mitigation, broadband and connectivity activity, brownfield redevelopment, culture, tourism, sport and recreation.
Our government supports infrastructure renewal. It creates jobs and is the fundamental underpinning of healthy communities. I am proud that economic action plan 2013 includes the historic building Canada plan, the largest long-term federal commitment to infrastructure in our nation's history.
The plan allocates $53.5 billion over the next 10 years for provincial, territorial and municipal infrastructure.
In addition to the gas tax funds, building Canada includes a community improvement fund, which would provide $32 billion to municipalities, over and above what they now receive, for projects such as roads, public transit and recreational facilities.
A new building Canada fund would provide $14 billion to support major projects across the country, and $1.25 billion would support innovative ways to build infrastructure projects faster and at good value for Canadians through a renewed P3 Canada fund. An additional $6 billion would be provided to provinces, territories and municipalities under the current infrastructure programs in 2014, 2015 and beyond.
Our government is committed to helping Canadian manufacturers better compete in the global economy. That is why we have established the lowest tax burden on new business investment in the G7. Economic action plan 2013 would add to this. The temporary accelerated capital cost allowance rate for qualifying assets has been extended. Canadian manufacturers would receive an additional $1.4 billion in tax relief when investing in new machinery and equipment.
We are also supporting our manufacturers by modernizing Canada's general preferential tariff regime for developing countries. Since 1974, Canada has granted preferential market access to imports from developing countries as a way to help those countries develop and grow economically. However, after nearly 40 years, the global economic landscape has changed considerably. Significant economic advancement has been made by some of these developing countries. In response, last year our government undertook a comprehensive review of the preferential tariff regime, including a thorough public consultation.
Economic action plan 2013 acts on the results of these consultations and effective January 1, 2015, benefits would be removed from 72 higher income and export-competitive economies. We think it is time that certain nations that have done well in developing their economies over the years compete with Canadian manufacturers on a more even footing.
At the same time, effective on April 1 this year, $79 million in annual tariff relief on imported baby clothing and certain sports equipment was enacted. Consumers and families will see lower prices for these items.
Economic action plan 2013 supports the long-term competitiveness of industries in southern Ontario. It proposes almost $1 billion over five years to renew the Federal Economic Development Agency for southern Ontario. Let me give an example of how important this initiative is.
In my riding of Richmond Hill, FedDev Ontario helped diversify our industrial base with assistance to leading-edge technology companies. One such company was Qvella Corporation. That crucial injection of capital helped develop and bring to market that company's groundbreaking bacteria identification system. The result was a faster diagnosis of bacterial infections in patients and more high-quality jobs for Richmond Hill.
The renewal of FedDev Ontario will help many more entrepreneurial businesses like Qvella to create jobs and contribute to economic growth. I am very pleased to see its proposed renewal in economic action plan 2013.
I will close by saying that balancing the books is important to my constituents. Upon assuming office in 2006, our Conservative government, under the leadership of our Prime Minister, undertook an aggressive plan to pay down the debt. We are working toward that, to balance the budget by 2015-16.
I encourage all members in this House to join me in supporting the swift passage of Bill C-60 as it will assist Canadian families immediately.