Budget 2018 contains numerous investments that directly benefit Northern Ontario, including a total investment of $28 million in FedNor operating budget over a five-year period
NICKEL BELT/GREATER SUDBURY – Following the tabling of the 2018 Federal Budget by Minister of Finance Bill Morneau yesterday, Marc Serré, Member of Parliament for Nickel Belt, issued the following statement.
“I would like to thank all of the Mayors, organizations, and other stakeholders throughout Northern Ontario for their strong advocacy for our region and for supporting our collective effort to deliver results for Northern Ontario in Budget 2018,” Serré began.
“Over the past number of months, your Northern Ontario Liberal MPs met with numerous Ministers, Parliamentary Secretaries, and departmental staff to ensure that the priorities of Northern Ontario were heard and considered by decision-makers at the highest levels of government. I would like to thank Prime Minister Justin Trudeau, the Minister of Finance, Bill Morneau, the Minister of Innovation, Science and Economic Development, Navdeep Bains, the Minister of Employment, Workforce Development and Labour, Patty Hajdu, and the Minister of Infrastructure, Amarjeet Sohi in particular for the action they have taken and the investments made in Budget 2018 to address our priorities throughout Northern Ontario,” Serré concluded
Some key investments proposed in Budget 2018 that will bring direct benefits to residents of Nickel Belt and Greater Sudbury include:
- To ensure that the Canada Child Benefit (CCB) continues to help Canadian families over the long term, the 2017 Fall Economic Statement proposed to index CCB benefits, starting in July 2018, to keep pace with the cost of living. Indexing the CCB will provide an additional $5.6 billion in support to Canadian families over the 2018-19 to 2022-23 period. Specifically, families in Ontario will receive $2.1 billion in additional support over the 2018-19 to 2022-23 period.
- A total increase of $28 million of the operational budget of FedNor over a five-year period.
- Funding of $100 million over five years for the Strategic Innovation Fund to develop the next generation of rural broadband service, which will focus on supporting projects that relate to the development of networks of low Earth orbit (LEO) satellites. LROs have the potential to provide Canadians living in rural and remote areas with significantly improved access to Internet and wireless services at more affordable prices.
- Budget 2018 will move forward with historic new proactive Pay Equity legislation that will reduce the gender wage gap and ensure that women working in federally regulated industries receive equal pay for work of equal value.
- In Budget 2018, the Government proposes to strengthen the Working Income Tax Benefit (WITB) by making it more generous, and making the benefit more accessible. This strengthened benefit will be named the Canada Workers Benefit (CWB) and will take effect in 2019.
- $160 million for increased support to Canada’s nationally important research facilities through the Canada Foundation for Innovation’s Major Science Initiatives Fund. SNOLAB, the physics research centre located in Greater Sudbury, will continue to be supported by the Major Science Initiatives Fund.
- An investment of $2 billion over five years, and $408.2 million per year ongoing, to support the creation of a new Indigenous Skills and Employment and Training Program.
- The Government is firm on its commitment: all long-term drinking water advisories on public water systems on reserve will be lifted by March 2021. Budget 2018 builds on prior investments and proposes to provide an additional $172.6 million over three years, beginning in 2018–19, to improve access to clean and safe drinking water on reserve.
- The 15-per-cent Mineral Exploration Tax Credit (METC), which helps junior exploration companies raise capital to finance grassroots mineral exploration away from an existing mine site, has been extended for an additional year, until March 31, 2019.
- $20 million over five years, starting in 2018-2019, and $4 million per year ongoing, to the Public Health Agency of Canada to support community-based projects that address the challenges of dementia.
- A $400 million Action Plan for Official Languages 2018-2023 has been developed to help address some of the challenges that official language minority communities face.
To learn more about Budget 2018, please visit: https://www.budget.gc.ca/2018/home-accueil-en.html