March 21, 2013

OTTAWA – Randy Hoback, Member of Parliament welcomes the new federal budget – Economic Action Plan 2013 – and its continued focus on job creation, economic growth, and long-term prosperity as good news for the federal riding of Prince Albert.  The Plan, which will see Canada return to balanced budgets in 2015, keeps federal taxes at their lowest level in 50 years.

 “While Canada has the best job creation record among all G-7 countries since the worst of the global recession with over 950,000 net new jobs, we recognize that the global economy remains very challenging,” said MP Hoback. “In Economic Action Plan 2013, our Conservative government remains squarely focused on the number one priority of Canadians, with a forward-looking plan to help create jobs and grow the economy in Saskatchewan and across Canada.”

 MP Hoback outlined that Economic Action Plan 2013 includes key measures to strengthen Canada’s economy, including:  

  • Increased skills and training support, including the new $15,000 Canada Job Grant, to help more Canadians find high-quality, well-paying jobs;
  • Increasing the Lifetime Capital Gains Exemption to $800,000 from $750,000 and indexing it going forward;
  • Tax breaks for manufacturers who buy new machinery and equipment to stay competitive, and an extended ‘hiring credit’ for small businesses who create jobs;
  • A record $70 billion federal investment in infrastructure across Canada, including roads, bridges, subways, rail lines, and ports;
  • Major investments in research and technology;
  • New tax relief for Canadians who give to charity, adopt a child, or rely on homecare services;
  • Elimination of ‘import tax’ tariffs on everyday items Canadian families buy, like baby clothing, sports gear, and exercise equipment;
  • And much more.

Economic Action Plan 2013 also confirmed the Conservative government’s continued all-time record support for hospitals, schools, and other important health and social services in Saskatchewan – $978 million through the Canada Health Transfer and $378 million through the Canada Social Transfer.  In fact, in 2013-14, federal transfer support to Saskatchewan will be $273 million higher than under the former federal Liberal government.

“We all remember the former Liberal government slashed transfers for health care and education. Our Conservative government rejects that shameful practice, and is protecting and growing transfers to help support the services that Saskatchewan families depend on,” said MP Hoback.

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