Mr. Speaker, I will be splitting my time with the brilliant and fantastic member for St. Catharines.
I rise today to speak in favour of budget 2016. At the outset, I want to let the House know how proud I am of this budget and how proud I am to be part of a government that believes in Canada, believes in Canadians, and believes in restoring hope and rewarding hard work.
Budget 2016 focuses on growth, not austerity. It includes many measures that will grow the economy for the benefit of every Canadian. Investment is desperately needed, and it is needed now.
Members need not take my word for it alone. The International Monetary Fund and the OECD have called on countries to make use of available fiscal room as an effective lever to support long-term growth.
The strategic and smart investments in budget 2016 will strengthen and expand our middle class. They will reduce inequality among Canadians and, what I think is especially important, they will position Canada for sustained economic growth for years and years to come.
The Canadian economy is bearing witness to dramatic shifts in the global economy, but these shifts present opportunities both for Canadians and for our economy. This is why we need a long-term plan for growth. There are no quick fixes, and significant investment is required. We will make these investments.
This government listened to Canadians and took their input to heart. This budget was designed in part through extensive consultation with Canadians. I was pleased to participate in pre-budget consultations with my constituents in Newmarket—Aurora.
There are many elements of this budget that I am particularly proud of and will be speaking about today. I want to highlight four components of budget 2016: infrastructure investment, the Canada child benefit, support for seniors, and investing in arts and culture.
Canada's middle class will benefit from the immediate help provided by budget 2016, but ongoing growth is equally important. By investing in infrastructure now, this government is delivering on its promise to support the middle class and to secure a future of economic growth.
Infrastructure is crucial to our everyday lives. My riding has seen considerable growth recently, and the municipalities there need infrastructure investment. Without these investments now, economic growth is ultimately undermined. Congestion in Canadian communities makes life more difficult for busy families and has a negative effect on the economy.
Together, investments in infrastructure and innovation will form the foundation of a more inclusive society. Through strategic investment, this government is working to help facilitate and create good, well-paying jobs that can help the middle class grow and prosper today and well into the future.
Canadian businesses can only succeed when they have the tools to succeed. Budget 2016, by investing in infrastructure, goes a long way to support businesses across this nation. This means having better infrastructure to move products and get to work. It means having faster and more reliable broadband to communicate and reach customers, and it means having access to experts who can advise on how to develop businesses, including how to grow businesses globally.
Another important component of this budget, of course, is the Canada child benefit. It is essential for Canada to invest in its children. Canada's existing child benefit system is complicated and is neither tax free nor income tested. This system is inadequate for meeting the demands of so many Canadian families, and it is not efficiently targeted to those who need help the most.
Budget 2016 gives Canadian families more money to help with the high cost of raising their children by replacing the current complicated child benefit system with the new Canada child benefit. The CCB will provide a maximum annual benefit of up to $6,400 per child under the age of six and up to $5,400 per child for those aged 6 to 17. Families with less than $30,000 in net income will receive the maximum benefit.
With the introduction of a much better-targeted Canada child benefit, about 300,000 fewer children would be living in poverty by 2017. Let us think about that: 300,000 more Canadians who would have greater opportunity and, most importantly, more hope.
The budget also has a good component for seniors. The government has made a clear commitment to improving the lives of all Canadians, and a key element of this commitment is improving the quality of life for seniors through strengthening public pensions and increasing social infrastructure funding for seniors' living.
Canada's retirement income system has been successful in reducing the incidence of poverty among Canadian seniors. However, many seniors continue to be at risk of living in poverty. The budget has committed to increasing the guaranteed income supplement top-up benefit by up to $947 annually for the most vulnerable single seniors. It supports those seniors who rely almost exclusively on old age security and guaranteed income supplement benefits.
Once again, I am proud that budget 2016 is supporting Canadians who need it the most.
The challenges in affordable housing are something I hear from constituents in my riding, and it is an increasingly difficult barrier facing seniors. Through budget 2016, the government has committed to new social infrastructure investments that would be instrumental in increasing the quality of life for very many seniors. With real investments in construction, repair, and adaption of affordable housing for seniors, the government has committed over $200 million over two years to help provide this vulnerable population with access to the affordable housing that they need so desperately. Our senior population is growing, and our government understands that every individual deserves housing that is safe, affordable, and ultimately sustainable.
In 2017, Canada and all Canadians will be celebrating the 150th anniversary of Confederation. Budget 2016 would ensure that our country's heritage is celebrated and shared.
As many know, our cultural industries represent a key driver in our economy. Investing in the Canadian cultural sector helps to create jobs, strengthens the economy, and ensures that our unique Canadian stories are shared with the world. By investing $1.9 billion in arts and culture, budget 2016 would offer support to national institutions, safeguarding of our two official languages, and promotion of industries that highlight Canada's culture.
Another announcement made in budget 2016 to celebrate this important time is the enhancement to the national historic sites cost-sharing program. This enhancement would include expanding the program to include heritage lighthouses and railways through the provision of $20 million over two years. Improving and restoring Canada's very important historical sites is something that is important to many communities across Canada.
The government will work with our partners to ensure that all Canadians will have the opportunity to participate in local, regional, national, and international celebrations. This celebration is an exciting opportunity for everyone to get involved and to showcase Canada's heritage, which has been shaped through one of the strongest pillars of our great nation, our diversity.
I am proud to support the budget, and I encourage all members of the House to support budget 2016. By investing in communities, in our children, in our seniors, and in our arts and culture, budget 2016 is a clear step toward a prosperous future. It offers immediate help to those who need it most and lays the groundwork for sustained, inclusive economic growth that will benefit Canadian families for years to come. When Canadians have more money to save, invest, and grow the economy, everyone benefits.