Mr. Speaker, I am proud today to speak on behalf of my constituents in Newmarket—Aurora on the second implementation bill of economic action plan 2014.
This is a tremendous piece of legislation that would benefit residents in Newmarket—Aurora and indeed all Canadians. It responds to the priorities of my constituents by putting tax dollars back into their pockets, increasing transparency in government, supporting Canadian families, and helping to create jobs and opportunity.
Newmarket—Aurora is home to thousands of families, residents who work hard to raise their children and contribute to their community. Every day in my riding, thousands of children and youth participate in a myriad of sports and fitness sessions that include soccer, hockey, dance, baseball, gymnastics, swimming, and martial arts, just to name a few.
The benefits of fitness activity in children are well known. In addition to the physical health benefits, participation in sports can help build self-esteem and confidence, motivate children to excel academically, and build valuable social skills. That is why, in order to help parents afford the cost of enrolling their children in organized sports activities, economic action plan 2014 proposes to double the children's fitness tax credit from $500 to $1,000. This credit would also become refundable, increasing its benefit to low-income families claiming the credit.
I remind Canadians that since 2006, our Conservative government has reduced federal taxes to the average Canadian family of four by over $3,400 each and every year. Indeed, the overall federal tax burden is now at its lowest level in 50 years.
How did we do this? We reduced the GST by nearly 30%, a measure that benefits all Canadians whether or not they pay taxes. We also increased the basic personal amount, the amount that all Canadians can earn without paying federal income tax. We reduced the lowest personal income tax rate and we introduced the tax-free savings account. Doubling the children's fitness tax credit and making it refundable is just one more way that our government is putting more money back into the pockets of families.
Canada is ranked as one of the world's most attractive countries for business. Bloomberg rankings recently saw Canada leap into second place, behind only Hong Kong. This did not happen by itself; it is a direct result of our government's strong, continued focus on jobs and economic growth.
Economic action plan 2014 continues this focus through the introduction of the new small business job credit. The small business job credit will cut EI payroll taxes by 15%, saving small businesses more than $550 million over the next two years, money that can be reinvested into hiring or into upgrading equipment and increasing productivity.
This is yet another action by our government to grow the economy and help create jobs. Indeed, through this government's focus on jobs and economic growth, over 1.1 million net new jobs have been created, 82% of them full-time jobs, with 78% in the private sector and 67% in high-wage industries. Almost 90% of businesses in Canada, about 780,000 in total, will directly benefit from the credit.
We know that small businesses like those in my riding of Newmarket—Aurora are the backbone of the economy and the economic engines of our communities. In Canada, they employ approximately 70% of the total labour force in the private sector.
This credit builds upon our government's strong support of small business since 2006, which has included measures to cut red tape, freeze EI premiums, and reduce the small business tax rate.
Economic action plan 2014 and, more specifically, this second budget implementation bill continue to empower Canadian consumers. For example, it would improve competition in the telecommunications market and end pay-to-pay billing practices by telecommunications service providers whereby subscribers are charged to receive bills in paper form.
Bill C-43 also proposes to reduce the administrative burden on charities by allowing them to use modern electronic tools to raise funds and for other purposes. This is great news for the many charities in Newmarket and Aurora. Currently, registered charities must file annual information returns with the Canada Revenue Agency. Unlike other groups, however, charities do not have the option of filing their information returns electronically. This poses a significant administrative burden for volunteers and staff of some 86,000 registered charities across Canada. To address this concern and to reduce the administrative burden on charities, funding will be provided to the Canada Revenue Agency to modernize its information technology, thereby enabling charities to apply for registration and file their annual information returns electronically for the first time.
To encourage Canadians to donate to registered charities, the Government of Canada provides individuals and businesses with tax incentives that have been described as among the most generous in the world. In fact, federal tax assistance for the charitable sector amounts to approximately $3 billion annually. This new measure would further assist charities to focus more on raising funds to support the great work that they do and less on administration.
My constituents are also pleased that Bill C-43 would end pay-to-pay billing practices by telecommunications service providers whereby subscribers are charged to receive bills in paper form. The practice of broadcasting companies charging subscribers for providing them with a paper bill is an irritating and costly one. I have had numerous complaints from my constituents regarding this practice.
We do not believe that Canadians should pay more to receive a paper copy of their telephone or wireless bill. That is why, as we set out in the 2013 Speech from the Throne, we are committed to ending this unfair practice once and for all. Bill C-43 sets out the legislation to do so.
I can assure my constituents and all Canadians that our government will continue to promote policies that support Canadian consumers and put more money back in the pockets of hard-working Canadian families.
I have spoken in the House and in committee in the past about our government's concrete action to address the tragic issue of missing and murdered aboriginal women. Economic action plan 2014 contains significant actions to further address this issue. Some $25 million would be allocated over five years to continue our efforts in directly addressing the issue, and over $8 million would be used to support a national DNA-based missing persons index. These two initiatives, together with other federal support for shelters, family violence prevention, and increased economic and leadership opportunities for aboriginal women, will result in a total investment by the Government of Canada of nearly $200 million over five years.
This investment builds on previous actions that include the passing of historic legislation that gave aboriginal women living on first nations reserves the same matrimonial rights as all Canadians, including access to emergency protection orders in violent situations. We have also passed over 30 justice and public safety measures, including tougher sentencing for murder, sexual assault, and kidnapping.
I will go back to some of the things that the economic action plan would do. It would make key investments to ensure that today's youth have the skills that they need to get the jobs of tomorrow. We want to see all young people have the opportunity.
I urge my colleagues on both sides of the House to support the bill's speedy passage so that we can begin to see the results and the benefits.