Parliamentary Secretary Beech to discuss job creation and making life more affordable

News release

August 15, 2022 - Calgary, Alberta - Department of Finance Canada

The government’s focus on jobs and growth since the darkest days of the pandemic has enabled the Canadian economy to recover rapidly and strongly. Canada has recovered 114 per cent of the jobs lost compared to before the pandemic, and the unemployment rate now sits at just 4.9 per cent, the lowest in five decades.

Today, Terry Beech, the Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, started a tour in Calgary, Alberta. Throughout the week, he will meet with workers, businesses, and organizations to discuss various measures the government is implementing that will help to create more jobs, spur economic growth, develop green technologies, support rural economic development, and make housing more affordable.

Tomorrow, the Parliamentary Secretary will participate in more activities in Regina, Saskatchewan, and will then visit Iqaluit, Nunavut, on Wednesday and Thursday.

Quotes

“Our government is committed to growing Canada’s economy and to creating good jobs for Canadians from coast to coast to coast. That is why, including in this year’s budget, we are implementing a series of measures to create jobs and prosperity today, and build a stronger and more resilient economy for all Canadians for years to come by making key investments in clean technologies, rural economic development, and housing.”

Terry Beech, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance 

Quick facts

  • Budget 2022 includes a comprehensive plan to make housing more affordable, focused on putting Canada on the path to double our housing construction over the next decade, while introducing measures to help Canadians buy their first home, protect renters and buyers, ban foreign buyers and curb the speculation that can make it difficult for Canadians to buy homes of their own.

  • Budget 2022 invests $450 million over five years to support supply chain projects through the National Trade Corridors Fund, which will help ease the movement of goods across Canada, and $136 million over five years to support industry adoption of digital supply chain solutions and improvements to supply chain data collection and analysis.

  • Budget 2022 proposes a refundable investment tax credit for businesses that incur eligible Carbon Capture, Utilization, and Storage (CCUS) expenses, starting in 2022. The investment tax credit would be available to CCUS projects to the extent that they permanently store captured CO2 through an eligible use.

  • Budget 2022 proposes investments worth $877.4 million to support the expansion of clean electricity in Canada in order to achieve the government’s commitment to a net-zero electricity system by 2035.

  • Budget 2022 proposes a range of important programs and initiatives that are supporting Canadians living and working in rural communities, including increasing loan forgiveness for doctors and nurses in rural and remote communities, introducing a labour mobility deduction for tradespeople, and supporting critical minerals projects.

  • As announced in Budget 2021 and implemented by Bill C-8, starting with the 2021 tax year, Northern residents can benefit from expanded access to the travel component of the Northern Residents Deduction, allowing Northerners without employer-provided travel benefits to claim up to $1,200 in eligible travel.

Associated links

Contacts

Media may contact:

Adrienne Vaupshas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Adrienne.Vaupshas@fin.gc.ca

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

General enquiries

Phone: 1-833-712-2292
TTY: 613-369-3230
financepublic-financepublique@fin.gc.ca

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