Canada has outperformed all other g 7 economies in job creation over the recovery
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Economic Action Plan 2014. Canada has outperformed all other G-7 economies in job creation over the recovery. Economic Action Plan 2014. Job creation during the recovery has been in high-wage, full-time, private-sector employment. Economic Action Plan 2014.

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Canada has outperformed all other G-7 economies in job creation over the recovery

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  • Economic Action Plan 2014

Canada has outperformed all other G-7 economies injob creation over the recovery


  • Economic Action Plan 2014

Job creation during the recovery has been in high-wage, full-time, private-sector employment


  • Economic Action Plan 2014

The Government remains on track to returnto balanced budgets in 2015


  • Economic Action Plan 2014

Private sector economists expect both real and nominalGDP growth to pick up this year and next


  • Economic Action Plan 2014

Canada has performed better than most other G-7 economiesduring the global recession and the recovery


  • Economic Action Plan 2014

Federal debt as a share of GDP is expected to declinenext year and to fall to 25 per cent of GDP by 2021


  • Economic Action Plan 2014

What does this mean for Ontario?

  • Ontario will receive significant support through major federal transfers in 2014-15.

  • All major federal transfers to provinces and territories will grow from current record levels, totaling $65 billion in 2014-15, an increase of 56% since 2005-06 under the former Liberal government

  • For Ontario, Total Major Transfers will total $19.2 billion in 2014-15, including:

    • Almost $2 billion through Equalization

  • $12.3 billion through the Canada Health Transfer, an increase of $4.6 billion, or almost 60% since 2005-06 under the former Liberal government

  • $4.8 billion through the Canada Social Transfer, an increase of almost $1.7 billion, or almost 53% since 2005-06 under the former Liberal government


  • Economic Action Plan 2014

Connecting Canadians with Available Jobs

  • Launching the Canada Job Grant: Helping Canadians get the skills they need to get in-demand jobs.

  • Helping Canadians with Disabilities: Providing $222 million to create new Labour Market Agreements for Persons with Disabilities to better help Canadians with disabilities get the skills they need to fill available jobs.

  • Supporting Persons with Disabilities: Providing $15 million to the Ready, Willing & Able Initiative and $11.4 million to Community Works to help persons with intellectual disabilities and Autism Spectrum Disorders participate in the workforce.

  • Creating the Canada Apprentice Loan: Helping apprentices registered in Red Seal trades complete their training by providing access to over $100 million in interest-free loans each year.

  • Supporting Canada’s Entrepreneurs: Providing an additional $40 million to the Canada Accelerator and Incubator Program to help entrepreneurs across the country create new companies and realize the potential of their ideas.


  • Economic Action Plan 2014

Continued

  • Supporting Apprenticeship Training: Introducing pilot projects to expand the use of innovative approaches to training apprentices.

  • Supporting Youth Employment: Investing $40 million for up to 3,000 internships in high demand fields and $15 million for up to 1,000 internships in small and medium-sized businesses.

  • Encouraging Women to Become Entrepreneurs: Providing $150,000 to increase mentorship among women entrepreneurs.

  • Supporting Students and Interns: Renewing the Computers for Schools Program with a $36 million investment to continue to provide students and interns across the country with computers, helping them get the skills they need to succeed in today’s modern economy.

  • Helping Older Workers Get Back to Work: Investing $75 million to renew and expand the Targeted Initiative for Older Workers so that older Canadians can continue to contribute to Canada’s economy.

  • Strengthening Canada’s Labour Market: Launching an enhanced Job Matching Service and Modernized Job bank to ensure Canadians are given the first chance at available jobs.


  • Economic Action Plan 2014

Supporting Job Creation, Innovation and Trade

  • Cutting Red Tape for Small Business: eliminating the requirement for 800,000 payroll remittance by 50,000 small and medium-sized businesses

  • Making Landmark Investments in Research and Innovation:

    • $1.5 billion over the next decade for post-secondary research through the Canada First Research Excellence Fund.

    • $500 million to support a competitive auto sector through the Automotive Innovation Fund.

    • $46 million in new funding to the granting councils to support research and scientific discoveries across Canada.


  • Economic Action Plan 2014

Supporting Families and Communities

  • Strengthening Canada’s Food Safety System: Investing over $150 million to enhance the Canadian Food Inspection Agency’s food safety programs to ensure that Canada’s food supply is safe.

  • Expanding health-related tax relief: Removing the GST / HST on more health care products and services to better reflect the health care needs of Canadians.

  • Increasing the Adoption Tax Credit: Increasing the Adoption Expense Tax Credit to $15,000 to better recognize the costs associated with adopting a child.

  • Supporting Seniors: Providing an additional $5 million to the New Horizons for Seniors Program so that more seniors can actively participate in their communities.

  • Honouring our Veterans: Providing over $100 million to expand the Funeral and Burial Program to ensure that veterans of modest means have access to a dignified funeral and burial.


  • Economic Action Plan 2014

Continued

  • Increasing Access to Veterans Services: Providing $2 million to enable veterans and their families access to engage the Department of Veterans Affairs 24 hours a day, 7 days a week.

  • Protecting our Communities: Providing up to $200 million to establish a National Disaster Mitigation Program to better protect Canadians and their communities from natural disasters.

  • Protecting Against Floods: Working with the insurance industry and provinces to develop a national approach to residential flood insurance in Canada.


  • Economic Action Plan 2014

Infrastructure investments in the GTA (2006-2013)

  • Over $4.5 billion has been invested in Greater Toronto Area infrastructure projects by our government from February 2006 to June 2013. These investments can be broken down as follows:

  • $2,299,674,604 ($2.3 billion) in direct GTA infrastructure projects:

  • Arts & Culture $82,653,702

  • Green Energy $5,758,175

  • Local Roads $86,523,787

  • National Highway System $41,500,000

  • Public Transit $1,660,928,743

  • Recreation $86,189,964

  • Sport $35,559,425

  • Wastewater $154,388,076

  • Water $56,125,436

  • Other $90,047,296


  • Economic Action Plan 2014

GTA Transit

  • TOP PUBLIC TRANSIT FEDERAL GTA PROJECTS:

  • Toronto-York Spadina Subway Extension $622,000,000

  • GO Transit Package $250,000,000

  • Union Station Revitalization $133,000,000

  • Mississauga Bus Rapid Transit $83,000,000

  • Brampton AcceleRide Phase I $53,000,000

  • GO Transit East Rail Maintenance Facility(P3) $94,800,000

  • 2. $2,196,144,520 ($2.2 billion) in Gas Tax Fund directly to::

  • City of Toronto $1,024,698,448

  • Peel Region $222,598,352

  • Mississauga $131,823,271


  • Economic Action Plan 2014

Moving Forward for Communities

  • Renewal of the Build Canada Fund for an additional 10 years and $53 Billion that will directly impact Canadian infrastructure


  • Economic Action Plan 2014

Questions?


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