Federal Government Releases A Jobs Focused Budget
Ottawa, ON – MP Erin O’Toole (Durham) applauds the 2013 Budget, the Economic Action Plan 2013 tabled today in the House of Commons by the Honourable Jim Flaherty, Minister of Finance. The budget continues the Harper Government’s focus on economic growth and returning to a balanced budget by 2015 without raising taxes.
The Economic Action Plan 2013 also outlined three core areas of special focus to assist job creation that will benefit Durham and southern Ontario. First, the Canada Jobs Grant program, which is geared at addressing the skills gap by providing $15,000 or more per person to help Canadians obtain training for jobs that employers are looking to fill. Second, the Building Canada Plan, which is an ambitious 10-year, $53 billion plan for infrastructure. This includes increasing money to municipalities from the Gas Tax Fund, as well as an incremental GST rebate for municipalities to build roads, public transit, recreation facilities and community infrastructure. Finally, the budget has a specific focus on growing small businesses and supporting the manufacturing sector in Ontario. This includes extending and expanding the Hiring Credit for small business, providing tax breaks for manufacturers investing in new machinery or equipment through the accelerated capital cost allowance and a $920 million investment over five years in FedDev Ontario, which in the last four years has made 341 strategic investments in southern Ontario to support manufacturing productivity and job creation.
“Despite a challenging global economy, Canada has the best job creation record among all G-7 countries and with this budget we are renewing our focus on job creation to build upon the 950,000 net new jobs since the end of the recession” said MP Erin O’Toole. “This budget strikes a careful balance to create jobs and eliminate our deficit without raising taxes for families or seniors.”
MP O’Toole is also very happy to see key investments in Veterans Affairs Canada for the Funeral and Burial Program (known as the “Last Post Fund”) and $1.9 billion for disabled, ill and aging veterans over the coming years. As a veteran and member of the Standing Committee on Veteran’s Affairs, O’Toole applauds the Prime Minister and the Veteran’s Affairs Minister for continuing the Harper Government’s strong record on supporting the men and women who have served our country.
For additional information or comment from MP O’Toole, please contact:
Legislative Assistant to Erin O’Toole, MP (Durham)
Phone: 613-992-2792 / Email: email@example.com