{"id":10670,"date":"2015-05-13T17:32:42","date_gmt":"2015-05-13T21:32:42","guid":{"rendered":"http:\/\/www.newspapers-online.com\/auroran\/?p=10670"},"modified":"2015-05-28T01:30:50","modified_gmt":"2015-05-28T05:30:50","slug":"ottawa-report-54","status":"publish","type":"post","link":"https:\/\/www.newspapers-online.com\/auroran\/ottawa-report-54\/","title":{"rendered":"OTTAWA REPORT"},"content":{"rendered":"

By Lois Brown, MP
\nNewmarket-Aurora <\/strong><\/p>\n

Economic Action Plan 2015 delivers a balanced budget, as promised, keeps taxes low, provides benefits for families and delivers record-high transfer funding to Ontario. Last month, Finance Minister Joe Oliver introduced Economic Action Plan 2015 Act, No. 1, which proposes to legislate key measures to support jobs and growth, help communities prosper and ensure the security of Canadians. Here are just a few of the other ways that Economic Action Plan 2015 benefits Newmarket-Aurora:<\/p>\n

Support for Small Business <\/strong>
\nSmall businesses are the backbone of our local economy. Economic Action Plan 2015 provides significant support to small businesses in Newmarket-Aurora and across Canada by:
\n\u2022 Reducing the small business tax rate to 9 per cent
\n\u2022 Increasing the Lifetime Capital Gains Exemption to $1 million
\n\u2022 Improving access to financing and freezing the Employment Insurance premiums for 3 years
\n\u2022 Expanding services offered through the Business Development Bank of Canada and Export Development Canada
\n\u2022 Providing an accelerated capital cost allowance for machinery and equipment used in manufacturing over the next ten years
\n\u2022 Providing $14 million to Futurpreneur Canada in support of young entrepreneurs
\n\u2022 Supporting Action Plan for Women Entrepreneurs<\/p>\n

Support for Families & Seniors<\/strong>
\nAs a result of Government of Canada tax cuts since 2006, the typical two-earner family of four receives annual federal tax relief and benefits of up to $6,600. Over $2.7 billion in overall tax relief has been provided for seniors through measures such as increasing the Age Credit amount, doubling the Pension Credit amount and adopting pension-income splitting. Economic Action Plan 2015 continues to help with the costs of raising children while helping our senior citizens as they manage their retirement. Key measures include:
\n\u2022 Doubling the Universal Child Care Benefit for children under age 6, and expanding the benefit to children aged 6 to 17
\n\u2022 Introducing the Family Tax Cut, allowing a higher-income spouse to transfer up to $50,000 of taxable income to a spouse in a lower tax bracket to help restore tax fairness
\n\u2022 Increasing the Child Care Expense Deduction dollar limits by $1,000
\n\u2022 Increasing the Tax-Free Savings Account to an annual contribution limit of $10,000 effective 2015 onwards, providing up to a maximum of $1500 in tax relief
\n\u2022 Reducing the minimum withdrawal factors for Registered Retirement Income Funds to permit seniors to preserve more of their retirement savings
\n\u2022 Introducing a new, permanent, non-refundable Home Accessibility Tax Credit for seniors and persons with disabilities allowing up to $1500 in tax relief<\/p>\n

Investing in Infrastructure<\/strong><\/p>\n

Since 2006, the Government of Canada has led the way in infrastructure investments to build roads, bridges, rail, community facilities and much more. This commitment has resulted in Canada leading the entire G7 in public investment growth over the last decade. Economic Action Plan 2015 adds to this record by:|<\/p>\n

\u2022 Providing $5.35 billion per year on average for provincial, territorial, and municipal infrastructure under the New Building Canada Plan, the largest, longest-running, federal infrastructure commitment in Canada\u2019s history
\n\u2022 Investing $750 million over two years and $1 billion per year thereafter, for a new Public Transit Fund aimed at building new public transit infrastructure to reduce congestion and fight gridlock in large cities
\n\u2022 Providing $5.8 billion on a cash basis over six years to build and renew infrastructure and on-reserve schools across the country
\n\u2022 Providing $150 million over four years to support social housing in Canada
\n\u2022 Providing $99.6 million over four years ($1.35 billion on a cash basis) to renew support for the Federal Contaminated Sites Action Plan<\/p>\n

Investing in Research & Innovation<\/strong><\/p>\n

The Government of Canada has a continued commitment to support world-class post-secondary research and help sustain Canada\u2019s strong capacity for developing knowledge and talent. Economic Action Plan 2015 contributes by:
\n\u2022 Providing over $1.5 billion in funding to advance the Government\u2019s renewed science, technology and innovation strategy
\n\u2022 Providing an additional $1.33 billion to the Canada Foundation for Innovation to support advanced research infrastructure at universities, colleges, and research hospitals
\n\u2022 Dedicating $119.2 million to the National Research Council to help Canadian businesses increase their competitiveness and develop new cutting-edge products
\n\u2022 Providing $14 million for targeted support for innovations in health systems
\n
\nSupport for the Environment <\/strong>
\nThe Government of Canada has taken significant action to protect the environment. Since 2006, more than $20 billion has been allocated to conserve our landscapes, seascapes and species including $252 million to support the historic National Conservation Plan. Economic Action Plan 2015 proposes further investments to protect species at risk and enhance conservation including: <\/p>\n

\u2022 $75 million for the Species at Risk Act to protect Canada\u2019s diverse species and secure the necessary actions for their recovery
\n\u2022 $30 million to extend the Recreational Fisheries Conservation Program
\n\u2022 $34 million to support weather warning services in the Arctic
\n\u2022 $491.8 million to assess and manage the risks to human health and the environment from new and existing chemical substances
\n\u2022 $2.0 million to protect salmon habitat<\/p>\n

Our Government\u2019s balanced budget is focused on helping Newmarket-Aurora families make ends meet by lowering taxes, and securing Canada\u2019s long-term prosperity. <\/p>\n

Lois Brown is the Member of Parliament for Newmarket-Aurora and Parliamentary Secretary to the Minister of International Development. She can be reached by phone at 905-953-7515 or through her website at www.loisbrown.ca.
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By Lois Brown, MP Newmarket-Aurora Economic Action Plan 2015 delivers a balanced budget, as promised, keeps taxes low, provides benefits for families and delivers record-high transfer funding to Ontario. Last month, Finance Minister Joe Oliver introduced Economic Action Plan 2015 Act, No. 1, which proposes to legislate key measures to support jobs and growth, help […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26],"tags":[],"class_list":["post-10670","post","type-post","status-publish","format-standard","hentry","category-archive"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3D2k4-2M6","publishpress_future_action":{"enabled":false,"date":"2026-08-03 09:32:57","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts\/10670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/comments?post=10670"}],"version-history":[{"count":0,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts\/10670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/media?parent=10670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/categories?post=10670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/tags?post=10670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}