Mr. Speaker, I am very pleased to rise today on behalf of the constituents of Fleetwood—Port Kells to participate in the debate on budget 2013, a plan for job creation, economic growth and long-term prosperity.
Canada's economic action plan 2013 is a comprehensive agenda to bolster Canada's long-term economic strengths and promote job growth. It is a plan not just for the next twelve months or three years, but it is a plan for the next generation.
Our government is proposing measures that would ensure long-term prosperity and growth. It is about putting the country on track for success both now and going forward. Economic action plan 2013 would ensure we are focused on enabling and sustaining Canada's long-term economic growth. Let us be clear. The global recovery remains fragile, especially in Europe and the United States. Too many Canadians are still looking for work. That is why this budget would move ahead to secure jobs, growth and long-term prosperity for Canada.
Obviously, in an over-400 page budget document the initiatives are many and let us consider just a few of our proposals. Economic action plan 2013 includes key measures that would strengthen Canada's economy, such as increased skills and training support including the new $15,000 Canada job grant to help more Canadians find high-quality well-paying jobs. Once fully implemented, this grant would help nearly 130,000 Canadians access training each year.
It includes tax breaks for manufacturers who buy new machinery and equipment to stay competitive and an extended hiring credit for small businesses that create jobs. The tax break for purchasing new machinery and equipment would provide B.C. manufacturing and processing businesses with approximately $129 million in tax relief to grow their companies and to create jobs.
It includes a record $70 billion in federal investment in infrastructure including money for jobs, roads, bridges, subways, rail lines and ports. This includes a new building Canada fund, the community improvement fund, the P3 Canada fund and specific funding for rail passenger service. Surrey and other B.C. municipalities would benefit from stable and predictable funding to support the community and infrastructure projects.