January 16, 2015 St. Catharines, ON
The Honourable Peter MacKay, Minister of Justice and Attorney General of Canada and MP for Central Nova, and Rick Dykstra, MP for St. Catharines, today hosted one of a series of cross-country pre-budget roundtable discussions. The purpose of these consultations is to listen to Canadians and hear their views on how Canada can create jobs, growth, and long-term prosperity. This formal process comes after months of meetings with Canadians about what matters to them and their families.
Minister MacKay and Mr. Dykstra also highlighted new proposed measures to make life more affordable for Canadian families and to help them prosper including:
- Increasing the Universal Child Care Benefit (UCCB). Parents will receive a benefit of $160 per month for each child under the age of 6;
- Expanding the UCCB to children ages 6 through 17;
- Introducing the Family Tax Cut, a federal tax credit that will allow a spouse to transfer up to $50,000 of taxable income to a spouse in a lower tax bracket;
- Increasing the Child Care Expense Deduction dollar limits by $1,000, effective for the 2015 taxation year; and
- Doubling the Children’s Fitness Tax Credit and making it refundable.
Finance Minister Joe Oliver launched pre-budget consultations on November 27, 2014, with a clear message. First, the Government will not engage in reckless new spending or new taxes that will lead Canada down a path of fiscal deficits and economic decline. Second, the Government will remain focused on creating jobs and growth.
All Canadians will be able to participate to pre-budget consultations online. The Government is seeking the input of Canadians on five key questions that can be found by clicking on the following link: http://www.fin.gc.ca/prebudget-prebudgetaire/1-eng.asp.
- Our Government’s top priority is creating jobs, growth, and long-term prosperity;
- We are on track to balance the federal budget in 2015;
- With balanced budgets in sight, our Government is delivering close to $27 billion in tax relief for hard-working families over this year and the next five years, by:
- Increasing and expanding the Universal Child Care Benefit;
- Introducing the Family Tax Cut; and
- Increasing the Child Care Expense Deduction dollar limits.
- Canada’s Economic Action Plan is working.
- Since the depths of the recession, we have created more than 1.2 million net new jobs—overwhelmingly full-time, good-paying jobs in the private sector.
- The overall federal tax burden is at its lowest level in over 50 years.
- Bloomberg ranks Canada the second most attractive place in the world to do business.
“Our Government is focused on creating jobs, growth and long-term prosperity for Canadians. I am pleased to be here with Rick Dykstra today to consult on how our Government can continue to create jobs and long-term prosperity right here in St. Catharines while remaining on track to balance the budget this year. We also discussed our Government’s focus on making life more affordable for hard-working Canadian families. By providing tax relief and benefits for child care and after-school sports, every family with children will have more money to spend on their priorities as a family.” —Hon. Peter MacKay, PC, MP, Minister of Justice and Attorney General of Canada, Member of Parliament for Central Nova
“I am pleased to welcome Minister MacKay to St. Catharines as part of our Government’s pre-budget consultation. Our Government is committed to keeping Canada’s finances balanced and on a sustainable track to reduce the debt, while building on our commitment of respecting taxpayers’ dollars.” —Rick Dykstra, M.P. for St. Catharines