Budget 2018: Minister Morneau Brings Plan for Equality and Growth to the National Capital Region
February 28, 2018 – Ottawa, Ontario – Department of Finance Canada
Making sure every Canadian has a real and fair chance at success is not just the right thing to do, it is the smart thing to do. Canada's future prosperity depends on it.
To face the challenges of today and tomorrow, the Government of Canada will need the hard work and creativity of all Canadians. In return, it needs to ensure the benefits of a growing economy are felt by more and more people—with good, well-paying jobs for the middle class and everyone working hard to join it.
Today, Finance Minister Bill Morneau met with the Economic Club of Canada in Ottawa to highlight Budget 2018, Equality + Growth: A Strong Middle Class, the Government's people-centred plan to strengthen the middle class and support economic growth. Guided by a new Gender Results Framework, Budget 2018 proposes several measures to ensure every Canadian has an equal and fair chance at success.
Canada's strong fiscal fundamentals—anchored by a low and consistently declining debt-to-GDP (gross domestic product) ratio—mean that the Government has the confidence to make the investments that will strengthen and grow the middle class, and lay a more solid foundation for our children's future.
Speaking at an event hosted by the Economic Club of Canada, Minister Morneau discussed how Budget 2018 builds on the Government's historic investments and proposes to:
- Put more money in the pockets of those who need it the most, by improving access to the Canada Child Benefit and introducing the Canada Workers Benefit, a stronger and more accessible benefit that will replace the Working Income Tax Benefit.
- Make significant progress towards equality of opportunity, by taking leadership to address the gender wage gap, supporting equal parenting, tackling gender-based violence and sexual harassment, and introducing a new entrepreneurship strategy for women.
- Support the next generation of researchers, by providing historic funding to increase opportunities for young researchers and provide them the equipment they need, while strengthening support for entrepreneurs to innovate, scale up and reach global markets.
- Advance reconciliation with Indigenous Peoples, by helping to close the gap between the quality of life of Indigenous and non-Indigenous people, providing greater support to keep First Nations children safe and supported within their communities, accelerating progress on clean drinking water, housing, and employment, and supporting recognition of rights and self determination.
- Protect the environment for future generations, by making historic investments to preserve our natural heritage, ensuring a price is put on carbon pollution across Canada, and extending support for clean energy projects.
- Uphold Canada's shared values and support the health and wellness of Canadians, by partnering with provinces and territories to address the opioid crisis, taking action to advance national pharmacare, and bolstering support for Canada's official languages.
By building on the Government's plan to invest in the middle class, Budget 2018 takes significant steps to ensure everyone has the opportunity to fully contribute to the economy, leading to economic growth that works for all Canadians.
"Our prosperity depends on every Canadian having the chance to contribute to and benefit from a strong and growing economy. Providing Canadians with the opportunity to realize their full potential isn't just the right thing to do, it's the smart thing to do. With Budget 2018, we are doubling down on our plan to grow and strengthen the middle class by promoting equality and investing in the economy of the future."
- Bill Morneau, Minister of Finance
Budget 2018 supports Ottawa and the National Capital Region by:
- Building better communities through investments in cultural hubs by providing support to a new joint Library and Archives Canada facility in collaboration with the Ottawa Public Library.
- Providing support for the RCMP to renew radio systems in the National Capital Region to ensure that the RCMP continues to have reliable and secure voice communications and greater interoperability with other first responders.
- Investing $572.5 million over five years to enhance Canada's advanced computing and big data capabilities and deliver more open and equitable access to advanced computing resources with $52 million ongoing to implement a Digital Research Infrastructure Strategy.
Media may contact:
Office of the Minister of Finance
Department of Finance Canada
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