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Montreal – Ministers Denis Lebel and Maxime Bernier made a presentation before the Board of Trade of Metropolitan Montreal, highlighting the measures of Economic Action Plan 2015, and took the opportunity to note the major investments made by the Harper Government in Montreal. The Harper Government’s Economic Action Plan 2015 will support jobs and growth in Quebec and the Greater Montreal Area, help our families to prosper and ensure the safety of all Canadians.
Noting the investments made by the Harper Government in the Greater Montreal Area such as the new Champlain Bridge, for an estimate cost of $3 to $5 billion, the Quartier des Spectacles and the return of the Grand Prix for the next 10 years, Minister Lebel said that “the only cross on Montreal is on the Mount Royal. We keep our promise to Montrealers and to all Canadians by balancing the budget in 2015, the first balanced budget since the Great Recession.”
“By signing free-trade agreements, reducing red tape and lowering taxes, we put in place the required conditions to allow businesses to achieve their full potential and contribute to economic growth, from coast to coast to coast,” said Minister Maxime Bernier.
Economic Action Plan 2015 includes key measures to support Quebec’s families and economy, such as:
- Tax relief for small businesses: Economic Action Plan 2015 proposes to reduce the small business tax rate to 9% by 2019. Thanks to the measures we have taken since forming the Government, the tax burden of small businesses has been reduced by close to 50%.
- Support for families: Economic Action Plan 2015 benefits 100% families with children by lowering taxes and increasing benefits. An average family will receive $6,600 in support per year due to measures introduced by the government.
- Tax-Free Saving Account: Economic Action Plan 2015 proposes to increase the TFSA annual contribution limit to $10,000, effective in taxation year 2015. Today, 11 million Canadians have opened TFSA accounts to save for their priorities.
- Support for seniors: Economic Action Plan 2015 proposes to give more flexibility to seniors by reducing the minimum withdrawal factors for registered Retirement Income Funds to allow seniors to keep more of their retirement savings. Economic Action Plan 2015 also proposes a new permanent, non-refundable Home Accessibility Tax Credit for seniors and persons with disabilities.
- National security: To ensure that our Armed Forces continue to have the tools they need to accomplish the dangerous tasks Canadians ask of them, Economic Action Plan 2015 proposes to increase National Defence’s budget by $11.8 billion over 10 years.
Quebec will receive record high transfer payments to support health care, education, and social programs. Specifically, Quebec will receive $20.4 billion in federal transfers this year.
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Vincent Rabault
Press Secretary
Office of The Honourable Denis Lebel
Ph.: 613-943-1838
E-mail: vincent.rabault@miga-maig.gc.ca
Alexandre Catta
Press Secretary
Office of The Honourable Maxime Bernier
Ph.: 343-291-2600
Email: alexandre.catta@ic.gc.ca
