Budget 2013 continues focus on jobs and growth
OTTAWA - The Conservative Government has launched a federal budget focused on job creation and growth to support Canada’s long-term prosperity. Canada’s Economic Action Plan 2013 also sees a return to a balanced federal budget in 2015.
“This is a good news budget for Red Deer,” said MP Earl Dreeshen. “We are continuing our Economic Action Plan to create and protect Canadian jobs and we are introducing new, targeted measures to fuel new jobs in the future. We are also taking measures to find significant savings within the Government rather than raising taxes for hard-working Canadians, in order to return to balanced budgets in 2015.”
The budget highlights three key objectives:
First, it connects Canadians with available jobs. There are too many jobs that go unfilled in Canada because employers can’t find workers with the right skills. Canada’s Economic Action Plan 2013 will connect Canadians with available jobs by introducing the Canada Job Grant, which will provide up to $15,000 per person in Alberta with combined federal/provincial and employer funding to help them get the skills they need for in-demand jobs. Budget 2013 also supports the use of apprentices in federal construction and maintenance contracts in Alberta and projects under the Building Canada plan.
Second, we will continue to build on our unprecedented investments in Canadian infrastructure. Since 2006, we have made substantial investments in roads, bridges, and other job creating infrastructure. Budget 2013 introduces a new Building Canada Plan. The new plan represents the largest investment in job creating infrastructure in the history of Canada. It has a number of important components, including:
- The Community Improvement Fund – to support local community projects in cities and communities across Canada.
- The Building Canada Fund - to support major economic projects that have a national, regional, and local significance.
- The P3 Canada Fund – to support innovative ways to build infrastructure projects faster and provide better value for taxpayers through public-private partnerships.
Third, Budget 2013 supports high-quality, value-added jobs in important sectors of the Canadian economy. Economic Action Plan 2013 provides tax relief for manufacturers with a 2-year extension of the Temporary Accelerated Capital Cost Allowance for new machinery and equipment. The Temporary Hiring Credit for Small Businesses will also be extended and expanded, and the Lifetime Capital Gains Exemption will be increased to $800,000 for small business owners, farmers and fisherman.
Dreeshen said that input he received from Central Albertans has made it into the federal budget. “Measures that allow infrastructure planning at the local level, and job-creating tax relief like the Hiring Credit - these are measures that constituents have told me are needed in Central Alberta,” said Dreeshen. “I am pleased to see that suggestions from Red Deer that I passed to the Finance Minister have been heard and included in this budget.”
Unlike the other political parties in Ottawa, the Government has been clear that it will not raise taxes or reduce transfers to provinces in order to achieve a balanced budget. Budget 2013 confirms the Conservative Government’s strong support for the provinces.
Alberta will continue to receive federal support through Budget 2013. Total transfers to Alberta will be $3.9 billion in 2013-14, including $2.6 billion through the Canada Health Transfer, and $1.3 billion through the Canada Social Transfer. This long-term support helps ensure Alberta has the resources needed to provide essential public services including health care, post-secondary education and other social services.
For more information on how Canada’s Economic Plan benefits Canadians, people are encouraged to visit www.budget.gc.ca.