MP Joe Preston welcomes 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 Elgin-Middlesex-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 MP Preston. "In Economic Action
Plan 2013, our Conservative 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."
MP Preston 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 Canadians who give to charity, adopt a child, or rely on homecare
- Elimination of 'import tax' tariffs on everyday items Canadian families buy, like
baby clothing, sports gear, and exercise equipment;
- And much more.
Economic Action Plan 2013 also confirmed the Conservative 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 under the former federal Liberal government.
"Our Conservative government is protecting and growing transfers for health care
and education to help support the services that Ontario families depend on," said
Canada Job Grant
The Canadian Chamber of Commerce has identified the skills shortage as the number
one obstacle to the success of its members.
This means higher unemployment and slower economic growth than we should otherwise
The Canada Job Grant, new in this Budget, will transform the way Canadians receive
Canadians who have an offer for a new job or a better job may qualify for up to
$15,000 to learn new skills to accept the new or better job.
The $15,000 will be funded from the federal Government (up to $5,000) with matching
funds from provincial or territorial Government.
Canada's Economic Action Plan 2013