Mr. Speaker, it is a privilege to rise in the House today to speak on behalf of the people of Lévis, Bellechasse and Etchemins in order to show my support for the government's budget 2010. This is an excellent budget because it will help solidify a recovery in the Canadian economy and manage expenditures in order to return to a balanced budget.
We are at the halfway point of our economic action plan and already, in less than a year, 135,000 net jobs have been created in Canada. Thanks to our work sharing program, 225,000 jobs have been saved and businesses have been able to keep their labour force. Now those businesses have new contracts and can be optimistic about the economic recovery thanks to a skilled, qualified labour force that has been able to stay employed by the business.
This year in Quebec and across Canada, the Canadian government has invested more in infrastructure than any government over the last 60 years.
Consider the example of the water treatment plant in Lévis or the sports centre that will be built north of Montreal. Consider the projects in Laval or Saint-Louis-de-Gonzague, both of which had no sewage system. We are investing, along with the Quebec government, to ensure that the citizens there have a waste water treatment system that meets modern standards.
Our economy is doing well and Canada is emerging from this economic crisis in better shape than before. Why? I think several factors are at play. First of all, our businesses are productive and boast a skilled, qualified labour force. One of this country's greatest resources is its people, who are innovative, creative and resourceful. Our businesses are supported by a sound banking system that is recognized as one of the safest and most reliable in this world. Not only do we have a good banking system, but we also have our economic action plan, which has provided the boost our economy needed to recover from the difficult economic times we have just been through.
We are entering the second year of the economic action plan, even though the debt represents 31% of the gross domestic product. In fact, our debt to GDP ratio is the lowest of all G7 countries. In Canada, the unemployment rate is 1.4% lower than that of our American neighbours. We hope to continue to bring these numbers even lower across the continent.
Canada has made the most significant recovery in the G7. One thing that leads us to believe we can continue on that path is that with our tax measures, not just the economic action plan, but also Advantage Canada, our tax system will be the lowest for companies. By the end of 2012, we will have the most advantageous competitive tax system for companies, which will encourage them to create jobs.
Today, our ministers are pointing out that there are no longer any tariffs for manufacturers. They can buy equipment, inputs and goods under existing legislation. As such, there is more room for investing, creating jobs and moving forward.
Our government continues to move forward with measures to stimulate the economy. In total, we are injecting more than $19 billion into the economy. The best way to stimulate the economy is to put money in the pockets of taxpayers. They know how to meet the needs of their families. Seniors have significant needs. We are cutting taxes by $3.2 billion. That money will circulate in our economy and create wealth. Since our tax policies came into effect, one million Canadians with the lowest incomes no longer pay income tax.
We have a tax system that benefits low-income earners. We continue to ensure that taxes are low for all taxpayers.
We are also investing in our workers, with $4 billion in additional employment insurance benefits and training as well. For sectors that are losing ground, we want to make the transition to value-added sectors in order to meet the challenges and ensure prosperity in the long term.
I spoke about infrastructure projects. We continue to move forward. In Lévis—Bellechasse et les Etchemins, as elsewhere in Canada, the needs are great and we will continue to invest in our infrastructure to support development.
This budget has the smallest increase in the overall envelope since 1997. We can clearly see our government's desire to cut expenses. However, one area where it has not cut back is research and development, especially scientific development. We want to develop and attract talent and brain power, enhance research capacity, improve commercialization, accelerate private sector investment and expand access to the market and competitiveness in order to maintain our leading-edge economy. Naturally, for the hardest hit sectors, we have measures in place such as the community adjustment fund, among others.
I was shocked by the response to the throne speech from the new Bloc finance critic. Two things he said surprised me, and I would like to use my time today to mention those two things to my colleague opposite, the member for Hochelaga. He said that there was nothing in the budget for social housing. Nothing could be further from the truth. I invite my colleague to look at page 236 of the budget, which states that our government is investing $1 billion this year, in addition to the $1 billion it invested last year, which he did not have the chance to vote for. This time, I am sure that he will be able to convince his colleagues that this measure and the entire budget are worthwhile, so that they will support this unprecedented $1 billion investment in social housing in Canada. This is part of the second phase of our economic action plan.
As a Quebecker, another thing that shocked me was when the Bloc finance critic said that there was nothing in the budget for Quebec. Once again, I invite the member for Hochelaga to check the figures for equalization and social transfers. Quebec has never received as much from the federal government as in budget 2010, the second year of the economic action plan.
Quebec will receive increased federal support under budget 2010. Transfers will total $19.3 billion in 2010-11, $281 million more than last year. That is $6.8 billion more than when the Liberals were in power. What does that mean? It means that budget 2010 maintains investments in health and education and maintains quality services across the country. For Quebec, it means $8.6 billion in equalization. So Quebec will get more than ever before, and the government will invest in all sectors.
This budget was drafted to be balanced and fair. It includes special measures. There is one measure I take a particular interest in. The budget corrects a historical error to enable Mouvement Desjardins to incorporate as a federal entity. It also contains money to help farm producers modernize slaughterhouse capacity. Of course, a symposium on biomass will be held in Les Etchemins on May 14. The theme of this symposium is “I heat with biomass”. The budget already includes $100 million for developing clean technologies in the forestry industry.
I urge my colleagues to support this budget, which will strengthen Canada's economic performance.