Mr. Speaker, I am very pleased to rise today to speak to our government's second budget.
Budget 2017 is the next step in our government’s ambitious plan to make smart investments that will create jobs in the four cities in my riding. It will also grow Canada's economy and provide more opportunities for the middle class and those working hard to join it in communities all across the country.
As a member of Parliament and a businesswoman who is very involved in my community, I cannot help but be pleased with a budget that does not leave anyone behind and that addresses real issues. This budget provides opportunities for seniors, families, entrepreneurs, and job creators.
The concept of providing opportunities for all is the cornerstone of the new Liberal approach, and that approach is working. Over the past seven months, the Canadian economy has created some 250,000 jobs. Since December 2015, Canada's unemployment rate has dropped from 7.1% to 6.6%. What is more, January marked the longest run of trade surpluses since 2014, a sign that we are finding more buyers around the world for our exports.
As a member of the Standing Committee of International Trade and the only member from Quebec on this committee, I am proud that businesses back home will have new opportunities to export their products and find new clients around the world. The Liberal approach is indeed working as we can see by the growth rates. As a government, we have made decisions and implemented important measures for the people back home and across Canada.
Over the past year, our government has implemented a plan to grow our economy in a way that works for the middle class and those working hard to join it. Again, under this plan we raised taxes for the wealthiest Canadians who represent 1% of the population in order to lower taxes for the middle class. We implemented the Canada child benefit, which gives more to nine out of ten Canadian families, including 10,000 families in Rivière-des-Mille-Îles, and which will lift hundreds of thousands of children out of poverty. We also enhanced the Canada pension plan in order to help Canadians have the secure and dignified retirement they deserve.
Budget 2017 also contains new measures to make the tax system fairer by eliminating the tax loopholes that create unfair advantages for some at the expense of others, by investing $524 million more in the Canada Revenue Agency to support its sustained efforts to counter tax evasion and fight tax avoidance, and finally, by eliminating tax measures that are of inordinate benefit to the wealthiest.
When I go meet with my constituents, they are proud that our government is acting to ensure more tax fairness for the middle class.
Budget 2017 directly affects my riding with three important measures: major health transfers, especially for our seniors; infrastructure investments, particularly in affordable housing; and finally, investment in our human capital and innovation.
As I have just mentioned, budget 2017 provides for clear action on health. As of today’s date the government has concluded new health funding accords with the 12 provinces and territories, which have accepted their share of the federal offer of $11 billion over 10 years to provide better support to Canadian families in the areas of home care and mental health.
In my case, when I led round tables in my riding, the vast majority of stakeholders were in favour of more support for home care. I am therefore very happy that budget 2017 responds to this important demand.
The government will also be simplifying the current tax relief for caregivers by replacing three existing income tax credits with a new tax credit called the Canada caregiver credit. This new credit will offer improved support for those who need it most, and will apply to caregivers whether they live with the family member they are caring for or not.
That is why the Government of Canada will be allocating $11 billion over 10 years, $2.5 billion of which will go to Quebec, to support home care and improve mental health care.
The infrastructure investments, including in public transit and affordable housing, are another strength of budget 2017, and directly affect my constituents in Rivière-des-Mille-Îles. The infrastructure investments we make today will be beneficial for many years to come. They will ensure clean and sustained economic growth, make it possible to build stronger, more inclusive communities, and create more good jobs for the people of the Lower Laurentians region and elsewhere.
To do this, our government has set up the Canada infrastructure bank, which will be charged with making investments totalling $35 billion over 11 years. Our infrastructure plan will include investments in the Montreal region that could help build the réseau électrique métropolitain, the REM, a high-frequency train project with a branch line starting in Deux-Montagnes, in my riding.
On affordable housing, we realize that housing needs vary greatly across different communities, and that is why our government is determined to work with the provinces and territories to ensure that the specific needs of communities all across Canada are met.
Budget 2017 thus proposes to grant some $3.2 billion over the next 11 years to the provinces and territories so they can address their main affordable housing priorities. This news has been very well received by the local stakeholders in my riding, who took part in large numbers in a round table recently organized by my staff.
Finally, budget 2017 puts the skilled, talented and creative people of Canada at the heart of a more innovative economy of the future, which is good news for the dynamic and innovative companies in my constituency.
For our government, relying on innovation also means relying on the know-how of Quebec and Canadian society, and that is very important in Rivière-des-Mille-Îles. The role of elected officials is now to focus on and invest in their fellow citizens, and to give the workers of the Lower Laurentians region the tools they need to succeed in the economy of the future.
Many of the measures in budget 2017 are designed to put Canada in a leadership position within the global economy.
First, we will be investing $225 million over four years to identify and address skills gaps in the economy and help Canadians to be as prepared as possible for the economy of tomorrow. Next, we will create a strategic innovation fund which will serve to attract, support and grow Canadian companies in dynamic and emerging sectors, such as agrifood, digital technology, green technologies and advanced manufacturing, thanks to an investment of $1.26 billion over five years.
We will also be offering greater support to “superclusters” of companies that innovate in key sectors such as digital technology and green technology, and that offer the greatest potential for accelerating economic growth, thanks to an investment in 2017-18 of up to $950 million over five years.
I have always been proud to say that the greatest strength of Canada and of the Lower Laurentians region lies in its skilled, hard-working and creative workforce. Hence it is important to strengthen Canada as a global leader in the innovation economy, so as to create jobs and grow the middle class, since innovation is transforming the way we live and work, ushering in new challenges and new opportunities for everyone.
Innovation is the economy of tomorrow. Let us work in lockstep and, together, seize this opportunity to become a world leader in tomorrow's economy. I would like to inform the House that I have full confidence in budget 2017 which, with its concrete measures, will enable the middle class, seniors and innovative companies in my region to prosper in the years ahead.