(Ottawa, ON): David Anderson, MP for Cypress Hills-Grasslands is pleased that today’s Federal budget moves the government closer to balancing the budget.
“Our government is focused on what matters to Canadians – positive initiatives to support jobs, growth and long-term prosperity, while keeping taxes low and returning to balanced budgets. This budget shows we are moving forward with a solid economic vision for Canadians,” said Anderson.
Budget 2013 Includes:
• Community Improvement Fund: The Community Improvement Fund (through Gas Tax Fund payments and under the GST Rebate) to help municipalities in Saskatchewan and across Canada with stable and predictable funding to support community infrastructure projects.
• Building Canada Fund: The New Building Canada Fund to support major economic infrastructure projects in Saskatchewan and across Canada that have a national and regional significance.
• The Canada Job Grant: Transforming skills training by providing up to $15,000 per person in Saskatchewan with combined federal, provincial/territorial and employer funding to help them get the skills they need for in-demand jobs. Once fully implemented, this Grant will help nearly 130,000 Canadians access training at eligible institutions, like community colleges and trade union training centres each year.
• Increasing the Lifetime Capital Gains Exemption: increasing the Lifetime Capital Gains Exemption to $800,000 in 2014 for small business owners, farmers and fishermen and indexing the new limit to inflation.
• Creating Opportunities for Apprentices: Supporting the use of apprentices in federal construction and maintenance contracts in Saskatchewan, making it easier to get needed experience for journeyperson status.
• Supporting and Honouring Veterans: Enhancing the Funeral and Burial Program by simplifying it and more than doubling the current funeral services reimbursement rate from $3,600 to $7,376
• Extension and Expansion of the Hiring Credit for Small Business: Extending and expanding the Hiring Credit for Small Business for one year. Small businesses in Saskatchewan and across Canada will benefit from this measure.
• Support for Farmers: Helping part-time farmers in Saskatchewan by doubling the current deduction limit under the restricted farm loss income tax rules.
• New tax relief for Canadians who give to charity, adopt a child, or rely on homecare services
• Elimination of ‘import tax’ tariffs on everyday items Canadian families buy, like baby clothing, sports gear, and exercise equipment;
“Over the past six years our government has lowered taxes over 150 times (lowering the average family’s tax bill by over $3,200), supported entrepreneurs (lowering taxes on job-creating businesses) and opened more markets to Canadian goods with trade deals. This is another piece in the government’s economic action plan. The people of Cypress Hills-Grasslands will benefit from many of these initiatives. They are also concerned about the deficit and I continue to pressure the government to balance the books as soon as possible,” concluded Anderson.