Madam Speaker, it is a pleasure to be in this House once again, and an honour and a privilege to represent the good folks of Northumberland—Quinte West. I also congratulate the member for Westlock—St. Paul on his re-election.
May I once again, from the bottom of my heart, thank all those who worked hard on our campaign to bring me back to this most august of places. What an honour and privilege it is. My commitment to all members and all citizens of Northumberland—Quinte West is to do my absolute best on their behalf.
Today, I will be highlighting the benefits of this government's sixth consecutive budget and what these benefits mean for the constituents of Northumberland—Quinte West, and all Canadians for that matter.
As members of this House will know, this government is committed to delivering a low tax plan to Canadians which will help foster job growth and economic prosperity, while supporting Canadian families and seniors.
We still live in uncertain economic times and I believe that this budget recognizes this uncertainty by taking appropriate steps to support Canadians and limit government spending.
The next phase of Canada's economic action plan will focus on four key areas: supporting job creation; supporting families and communities; investing in innovation, education and training; and preserving Canada's fiscal advantage.
In order to foster job growth, this government's budget will support job creation through extending the accelerated capital cost allowance by helping manufacturers make new investments in machinery and equipment; by providing a hiring credit for small businesses, which will be a one time credit of up to $1,000, to encourage additional hiring; and by supporting youth entrepreneurs by adding $20 million to the Canadian Youth Business Foundation.
This budget also includes initiatives that will support Canadian families and seniors. Canada's economic action plan will support seniors by enhancing the guaranteed income supplement to eligible low-income seniors who will receive an annual top up benefit of up to $600 for single seniors and $840 for couples, helping more than 680,000 seniors across this great country. It will enhance the new horizons for seniors program by providing an additional $10 million to promote volunteerism, mentorship, and social participation for seniors. It will also enhance the medical expense tax credit by removing the limit on the amount of eligible medical expenses that could be claimed on behalf of a financially-dependent relative.
With regard to Canadian families, the government's economic action plan will support families through targeted initiatives, such as the children's arts tax credit, which will provide up to $500 in eligible fees for programs associated with arts, culture and recreational activities; the family caregiver tax credit, which will provide an amount of up to $2,000 for caregivers of loved ones with infirmities; and by extending the eco-energy retrofit homes program to help families lower their heating and electricity bills by making their homes more energy efficient.
This budget has targets and initiatives that will benefit all Canadians. However, there are also multiple aspects of this budget which benefit my riding of Northumberland—Quinte West. During public consultations and throughout the election, I spoke to thousands of my constituents who wanted their voices heard in Ottawa and their priorities brought to the forefront of Canadian politics. I believe this budget is a reflection of their priorities and I would like to outline parts of this budget that are of particular importance to my riding.
First and foremost, this government has committed $20 million in funding over the next two years for the eastern Ontario development program. The EODP is essential for the funding and support of our local community futures development corporations. These CFDCs provide direct guidance and consultation to local businesses and help foster growth and prosperity in Northumberland—Quinte West.
Second, in the next phase of Canada's economic action plan, our government will support major economic sectors, including agriculture, manufacturing and the tourism sectors, with hundreds of millions of dollars in support for innovation, investment and market diversification.
Third, this government is committed to legislating a permanent gas tax rebate per municipality. This means a total annual investment of $2 billion in gas tax funding for infrastructure priorities in Canadian municipalities. The rebate is also a sign that this government realizes the challenges that face low-income Canadians. As such, this rebate is an attempt to ensure that infrastructure costs are not downloaded to the local taxpayer.
Fourth, our government will establish a volunteer firefighter tax credit for firefighters who bravely serve our communities. This tax credit is of great importance to many of my constituents who live in communities that often rely on volunteer firefighters.
Finally, Ontario will see record-high major federal transfers totalling some $17.7 billion, an increase of nearly $7 billion from the former government. What is more, Ontario will see growing transfer support for health care with $10.7 billion, a nearly 40% increase; and for social services, over $4.5 billion, which is a 40% increase. The increased support will help hospitals, schools and other critical social services in Northumberland—Quinte West.
Canadians have asked and our government has listened. During the election, this government campaigned for a strong mandate from Canadians. We were always clear about what our budgetary policy would be if elected to serve the Canadian people once again.
The 2011 budget, the next phase of Canada's action plan, is a reflection of the strong mandate Canadians have given this government. The budget provides for a low tax plan that will encourage job growth while supporting Canadian seniors and families. As such, I would encourage all hon. members to support the Conservative government's 2011 federal budget.