Madam Speaker, I am pleased that the hon. member for Nanaimo—Cowichan has given me this opportunity to explain the progress our government has made.
While Canada is emerging from one of the most fragile economic times we have seen since the Great Depression, Canada's economic recovery is leading the G7 countries.
The targeted measures in the first phase of our economic action plan have contributed to creating the favourable conditions for this recovery, but that is not to say that the economic problems other countries are facing will not have repercussions on our own country.
The recovery remains fragile.
The best protection against poverty is a strong economy and a strong labour market. That is why jobs and the economy will continue to be our first priority. Under the leadership of Prime Minister Stephen Harper, Canada has created 600,000 net new jobs since the height of the economic downturn and 300,000 jobs are protected through work-sharing agreements.
Despite the opinion expressed by my hon. colleague, no one here is unaware of the reality of poverty. Compassion has nothing to do with political allegiances. We all want the best for our fellow Canadians.
We are investing in programs to promote growth and job creation, programs like the one time hiring credit for small businesses and programs for Canadian workers who have been laid off, like the targeted initiative for older workers, which has helped close to 16,000 people in the most vulnerable communities.
We are investing in programs for Canadian families. We provide over $14 billion per year in benefits to families with children.
Our government is investing in programs for our seniors who have worked hard to build our country. Budget 2011 increased the guaranteed income supplement for seniors with little or no income. This will be a benefit for more than 680,000 seniors.
We are investing in programs for caregivers. We estimated that more than 500,000 caregivers will benefit from the family caregiver tax credit.
We are investing in programs for the working poor. We have provided over $1 billion per year in the working income tax benefit, which helps to ensure low income families are finally better off when they have a job.
We are investing in programs that promote education and skills training because that is the key to economic independence and prosperity for everyone.
We have also invested in apprenticeships and the trades. As of today, we have issued more than 280,000 apprenticeship grants for college and university students through the Canada student loans and grants program and the adults for low literacy who want to acquire the essential skills they need to improve their future prospects.
I want to stress that the risks to our financial stability are too great for us to maintain the status quo. We are looking for ways to harmonize these investments with a balanced budget, without imposing a tax hike on hard-working Canadians.