Over the past year, the Government has put in place a plan to grow the economy in a way that works for the middle class and those working hard to join it. The Government:
- Raised taxes on the wealthiest one per cent, so we could cut taxes for the middle class;
- Introduced a new Canada Child Benefit that gives more money to 9 out of 10 Canadian families; and
- Strengthened the Canada Pension Plan to help Canadians have the secure and dignified retirement they deserve.
- Following in the footsteps of Budget 2016, Budget 2017 offers immediate help to those who need it most and sets the stage for long-term growth that will benefit our children and grandchildren. Budget 2017 puts people first and delivers the help that those in Vancouver South, British Columbians – and all Canadians – need now, in areas such as child care, health care, public transit, and housing.
To ensure that Canadian families have better access to high-quality child care, our Government is working with the provinces and territories to develop a National Framework on Early Learning and Child Care, focusing on new approaches to best serve families. Up to 40,000 new child care spaces will be supported over the next three years, making it more affordable for parents to return to work. BC alone will receive $90 million in child care funding.
All Canadians need and deserve housing that is safe and affordable. In order to directly address the pressing needs of growing communities like Vancouver South, Budget2017 proposes a new National Housing Strategy, investing more than $11 billion in a range of initiatives designed to build, renew and repair Canada’s affordable housing.
The Government has reached a new health funding agreement with the province to provide more – and better – home care and mental health support for Canadian families over the next decade. British Columbia will receive $4.9 billion through the Canada Health Transfer, an increase of $142.3 million from the previous year and $1.8 billion through the Canada Social Transfer, an increase of $52.7 million from the previous year.
Investing in public transit projects will help people to get to work on time and back home faster to their families at the end of a long day. The Government’s transit funding for Metro Vancouver of $2.2 billion is the largest in 20 years. Metro Vancouver will receive specific funding for projects such as the tunnelled extension of the Millennium Line SkyTrain along the Broadway corridor, which will add six stations over six kilometres of track and support a busy and growing corridor.
These are just some of the ways that Budget 2017 impacts Vancouver South and all British Columbians. Over the coming weeks, I hope to share more information on these and other Government investments will help our community. Budget 2017 keeps Canada on the path to building a fairer, more inclusive country that reflects the priorities of Canadians at every stage of their lives—young Canadians, newcomers to Canada, working Canadians, seniors, veterans, and Indigenous Peoples. By taking action today—investing in the things that Canadians need to succeed now and well into the future—Budget 2017 will help deliver a growing economy that works for every Canadian.