Mr. Speaker, today I am speaking in the House of Commons in support of economic action plan 2013. This piece of legislation is an integral part of continuing Canada's economic success.
Economic action plan 2013 would implement constructive job growth measures. The Canadian Federation of Independent Business said:
...this is a good budget for small business. ...[the Minister of Finance] has done a solid job by remaining on course to eliminate the deficit while announcing some important measures for Canada's entrepreneurs.
This is something extremely important to the entrepreneurs in my riding of Simcoe—Grey.
The Board of Trade of Metropolitan Montreal said:
We welcome the government's commitment to maintain focus on a balanced budget in 2015-2016 without increasing the tax burden, while putting in place a new plan for our infrastructure and proposing measures to support innovation, research and collaboration between companies and academic institutions.
I would like to remind my colleagues that strengthening Canada's economic and fiscal well-being has been a top priority of our government for the last seven years. With an uncertain global economy, we remain focused on ensuring Canada offers the right environment to attract the business investment necessary to create more and better-paying jobs, improving the standard of living of all Canadians. We do that knowing that we already have a strong economic record, one that Canadians can look to and trust as we once again face economic headwinds emanating from abroad.
Contrary to what the official opposition may believe, our economic policies to date, epitomized through Canada’s economic action plan, have worked and placed Canada on the right track.
Margaret Thatcher once said, “Plan your work for today and every day, then work your plan.” Our government's plan has provided Canada with competitive advantage for today, an advantage on which we will capitalize to ensure prosperity for tomorrow.
The facts speak for themselves. Since taking office in 2006, our government has pursued a positive agenda to make Canada's economy stronger, thus helping to create better, high-quality jobs. This has included lowering taxes over 150 times, supporting entrepreneurs and opening more markets to Canadian goods with increased trade deals.
Canada has more than recovered all of its output as well as all of the jobs lost during the recession. In fact, since July 2009, employment has increased by almost 900,000 net new jobs, the strongest job growth among the G7 countries over the recovery. Real GDP is now significantly above pre-recession levels, showing the best performance in the G7.
While it is gratifying to highlight Canada's economic strengths, we also know we cannot afford to be complacent. Today's advantages will not carry forward into tomorrow simply by good luck or good intentions. This is especially true in an all too volatile global economy. Though coming from beyond our borders, a number of external threats have had, and can have, severe consequences on the Canadian economy. Members can rest assured that the government is cognizant of these challenges and will remain focused and disciplined on the things that we can control. That is why economic action plan 2013 sets out a low-tax plan to eliminate the deficit and return to balanced budgets by 2015-16.
Economic action plan 2013 sets out a plan that I know my riding of Simcoe—Grey would benefit from this year and for years to come. Let me highlight some of its key components.
Canadians count on good, reliable, lasting infrastructure. It is important to our quality of life and strengthens our communities. That is why our government launched the building Canada plan in 2007, the largest federal infrastructure plan in our nation's history. In fact, over the last six years the federal government has supported over 43,000 infrastructure projects across the country, and this year we are going even further. We will be moving forward with a new building Canada plan.
One key component of that plan is an indexed gas tax fund payment. The economic action plan would allow for increases to the payments made under the fund starting in 2014-15. Payments are currently $2 billion per year; this index would see the sum increase by $100 million increments year over year. In Simcoe—Grey, municipalities would benefit immensely from this, with upgraded roads, bridges and rail.
As mentioned, this is only one component of our government’s plan to provide over $70 billion in predictable infrastructure funding for the next 10 years—the largest and longest federal investment in job-creating infrastructure in Canadian history.
The reality is that whether it is building better roads to reduce congestion and keep people and goods moving or building bridges that link us to each other, infrastructure is key to our nation's success.
The economy and job creation remain job number one for our Conservative government. While Canada is on the right track, today there are Canadians seeking work while Canadian businesses are looking to hire skilled workers. The Canada job grant, which is part of economic action plan 2013, is our government's newest measure to bring employers and Canadians together. Through the Canada job grant, funds from the federal government would be matched by both provinces and territories as well as employers to help ensure that Canadians get the skills required for the high-demand jobs of today.
This initiative would allow both small and large companies, such as Honda in Alliston, Munro in Essa, Creemore Springs in Creemore, Sheldon Creek Dairy in Loretto, and Hamilton Bros. in Glen Huron, to ensure that their employees have the skills they need to succeed. A shortage of skilled tradespeople could hold Canada's economy back.
With a demand for skilled workers to maintain economic growth and with Canadians still looking for work across the country, this is a priority for our Conservative government. It is taking action to help ensure that Canadians are connected to jobs and the economy so that we have the skilled tradespeople we require for economic growth and long-term prosperity.
As members know, there have been growing concerns regarding decreased water levels in the Canadian Great Lakes, in particular in my riding of Simcoe—Grey with Georgian Bay, which is bordered by the towns of Blue Mountain, Collingwood and Wasaga Beach.
The Great Lakes are not only the natural pride and joy of our local residents but are implicitly tied to the housing and property markets in the region and are important drivers of the local tourism economy in Simcoe—Grey.
Economic action plan 2013 would aid in sustaining our Great Lakes by reviewing the findings of a study requested by the International Joint Commission. Our government is working diligently to review the findings and recommendations of the International Joint Commission's work on water levels to make sure that the upper Great Lakes are a focus and have been a focus of this government so that all Canadians can enjoy this region of the country for years to come.
Farm families are also the backbone of our country, as they are in my riding of Simcoe—Grey, whether potato growers or apple growers. This is why our Conservative government has delivered support to farmers and the agricultural sector since 2006. We have invested in Growing Forward 2, which supports innovation, competitiveness and market development for Canada's agriculture sector.
As part of economic action plan 2013, we are delivering on a number of new measures to support Canadian farmers, including increasing and indexing the lifetime capital gains exemption to $800,000, thus making it easier for farmers to plan for their retirement and transfer their family farms to the next generation, which is something I hear about every day in my riding.
We are also helping part-time farmers by doubling the current deduction limit under the restricted farm loss income tax rates from $9,750 to $17,000.
This government is committed to supporting and recognizing veterans. The government is proud to honour the dedication and sacrifice of those Canadians who served our country in the First World War, the Second World War and the Korean War.
Economic action plan 2013 confirms that total investments of $1.9 billion over seven years would be made to ensure that disabled, ill and aging veterans and their families would receive the support they need. This is something I have heard about at significant length because CFB Borden is a sizable base in my riding where we train hundreds upon hundreds of Canadians to make sure our military is strong.
Economic action plan 2013 proposes to simplify the funeral and burial program and more than double its reimbursement rate from $3,600 to $7,376.
I strongly believe that all of the initiatives I have highlighted today will greatly benefit the people of Canada, by creating a higher standard of living for Canadians today and a more prosperous nation that will continue to be a world leader tomorrow.
Winston Churchill once said that he was easily satisfied with the very best, and I take those words to heart.
The government and I both aim to deliver the very best to Canadians and to the people in Simcoe—Grey. Thus, I ask the members of this House to support the swift passage of this bill and to facilitate the implementation of Canada's economic action plan 2013, a bill that I know would provide the very best in economic opportunities to my constituents in Simcoe—Grey and to Canadians across the country.