“Our budget works for Canadians at every stage of their lives.” – Vance Badawey, Niagara Centre MP
A News Release from the Constituency Office of Niagara Centre MP Vance Badawey
Posted March 21st, 2019 on Niagara At Large
Niagara, Ontario – Our government today delivered a budget to build on our goal, since 2015, to strengthen and grow the middle class, and we want to restore confidence for all Canadians that we’re still on point to build an economy that works for everyone.
“Our budget works for Canadians at every stage of their lives,” said Vance Badawey, Niagara Centre MP.
“I’m especially pleased to see one of my recommendations come through: Budget 2019 proposes a one-time transfer of $2.2 billion to the gas tax fund. This results in additional gas tax money coming directly to Niagara Centre, bypassing red tape from the province, to help bolster direct investment in roads, bridges, and public transit right here in our local towns and cities, starting this summer.”
Badawey said he was also pleased to see, as a result of his recent roundtable discussions with Tourism Minister Melanie Joly in Niagara, a commitment of $58.5-million invested over the next two years in tourism-related infrastructure, such as accommodations, attractions and Indigenous tourism, toward building year-round Canadian experiences in small and rural towns and cities. In addition, Budget 2019 will provide $5 million to Destination Canada for a tourism marketing campaign.
Since Badawey was elected to Niagara Centre almost four years ago, more than $300million has been directly invested in Niagara Centre, more than any other government has delivered in the history of the riding. “The best is yet to come,” said Badawey, reflecting on Budget 2019 and its impact locally, and nationally. “It’s good news for so many of us. Let’s focus on that.”
“As promised, our government is investing in national pharmacare, we’re investing in workers to learn new job skills, we’re easing the burden on first-time home buyers, and we’ve committed to a national strategy to deal with dementia, which affects so many of our parents and grandparents.”
“The numbers show things are better,” Badawey said,” yet there is still uncertainty among some of our citizens. Canadians deserve a government that not only listens to their concerns, but has a plan to address them. Our government’s efforts, to build an economy that works for everyone, is delivering results.”
Our plan for real change, which began in 2015, has resulted in about $2000 more every year for average family of four, thanks to the middle class tax cut and the Canada Child Benefit.
There are 900,000 more jobs today than there were four years ago. Wages have increased. With lower taxes, more money to save or spend each month, and more good jobs, there are so many reasons for middle class Canadians to feel more confident.
Our government is going to help eligible Canadians buy their first home. Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians. “We hope to get this bold new program up and running by September,” Badawey said.
Canada has the lowest effective personal tax rate in the G7 (Group of Seven countries).
We cut taxes for the middle class. Single Canadians who benefit now save an average of $330 each year, and couples who benefit are saving an average of $540 each year. With the Canada Child Benefit, nine of 10 families receive more than they did with any child benefit before.
These two measures alone mean that a typical family of four is $2,000 better off this year than they were four years ago.
Some highlights from today’s Budget announced by Finance Minister Bill Morneau –
- $1.25 billion over three years on a shared-equity mortgage program for first-time home buyers.
- RRSP withdrawal limit for first-time home buyers rises to $35,000 from $25,000.
- $3.25 billion to Indigenous Services for water quality, child welfare, education and other supports.
- $2.2 billion for one-time doubling of Gas Tax cash for cities’ infrastructure spending.
- $1.2 billion over five years for border security and modernization, and for the asylum system.
- Personalized Canada Training Credit of $250 a year (up to $5,000 lifetime) for job retraining.
- A credit of up to $5,000 for purchases of electric vehicles.
- Interest rate on Canada Student Loans lowered to prime and will be interest-free for six months after graduation.
- Creation of a Canadian Drug Agency for bulk-buying of drugs and a national strategy on high-cost drugs.
- Airport security screening agency CATSA to become an arm’s-length agency, with additional funding of $597 million over two years.
- Low-income working seniors can earn more without giving up GIS benefits.
- $595 million to support journalism will include 15 per cent tax credit for digital news subscriptions.
- Promise of high-speed internet for all Canadians by 2030.
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