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ECONOMIC ACTION PLAN 2013 Continues FOCUS ON Jobs, Growth and Long-Term PROSPERITY

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ECONOMIC ACTION PLAN 2013 Continues FOCUS ON

Jobs, Growth and Long-Term PROSPERITY

March 21, 2013: London West MP Ed Holder welcomed the new federal budget - Economic Action Plan 2013 – and its continued focus on job creation, economic growth, and long-term prosperity as good news for London. The Plan, which will see Canada return to balanced budgets in 2015, keeps federal taxes at their lowest level in 50 years.

“While Canada has the best job creation record among all G-7 countries since the worst of the global recession with over 950,000 net new jobs, we recognize that the global economy remains very challenging,” said Holder. “In Economic Action Plan 2013, the government remains squarely focused on the number one priority of Canadians, with a forward-looking plan to help create jobs and grow the economy in Ontario and across Canada.”

Holder outlined that Economic Action Plan 2013 includes key measures to strengthen Canada’s economy, including:

· Increased skills and training support, including the new $15,000 Canada Job Grant, to help more Canadians find high-quality, well-paying jobs;

· Tax breaks for manufacturers who buy new machinery and equipment to stay competitive, and an extended ‘hiring credit’ for small businesses who create jobs;

· A record $70 billion federal investment in infrastructure across Canada, including roads, bridges, subways, rail lines, and ports;

· Major investments in research and technology;

· New tax relief for Londoners who give to charity, adopt a child, or rely on homecare services;

· Elimination of ‘import tax’ tariffs on everyday items London families buy, like baby clothing, sports gear, and exercise equipment;

Economic Action Plan 2013 also confirmed the government’s continued all-time record support for hospitals, schools, and other important health and social services in Ontario. In fact, in 2013-14, federal transfer support to Ontario will be almost $9 billion higher than it was in 2006.

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Reported on(发布时间):
2018年07月18日 星期三,下午10:00

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