Parliamentary Secretary Takes Middle Class Message to Val-d'Or, Quebec
March 31, 2016 – Val-d'Or, Quebec – Department of Finance
François-Philippe Champagne, Parliamentary Secretary to the Minister of Finance, today met with the mayor, local business leaders and media in Val-d’Or, Quebec, to speak about the Government of Canada’s 2016 budget, Growing the Middle Class.
The Parliamentary Secretary discussed the Government’s new approach to revitalizing the Canadian economy so that it works better for the middle class and those working hard to join it.
As one of its first actions, the Government introduced a tax cut for about 9 million Canadians, and raised taxes for the wealthiest to help pay for it. Budget 2016 builds on this support for the middle class with a new Canada Child Benefit, which will put more money in the pockets of 9 out of 10 Canadian families, and lift hundreds of thousands of children out of poverty.
The Parliamentary Secretary highlighted these and other Budget 2016 measures such as the Government’s plan to make Canada a global innovation leader, and to create opportunities for the country’s entrepreneurs to grow their businesses and expand to global markets. Budget 2016 commits up to $500 million over five years, starting in 2016–17, for a new program to extend and enhance broadband service in rural and remote communities.
The Parliamentary Secretary also spoke about the Government’s historic plan to invest more than $120 billion in infrastructure over the next 10 years—investments that will create a more modern and cleaner economy, a more inclusive society, and a country better positioned to compete globally.
Through Budget 2016, Quebec will benefit from a $1 billion increase in major federal transfers, totalling $21.4 billion in 2016–17. Communities across Quebec will also receive significant funds for infrastructure, including public transit. Middle class families are already benefiting from a tax cut, and can look forward to the new, tax-free Canada Child Benefit in July. Budget 2016 also commits funds for Quebec homeowners who have had serious and costly structural problems due to pyrrhotite in their homes’ foundations.
The Minister noted that important community investments in Quebec will be made in close consultation with municipalities, the province, and other stakeholders such as local businesses.
“Growing the Middle Class is about revitalizing the economy and providing support for Canadian families and communities right across the country, including here in Quebec. It is about renewing the optimism that comes with knowing that, together, we can build a more innovative and clean economy, and create thriving communities in which our children can grow and prosper.”
- François-Philippe Champagne, Parliamentary Secretary to the Minister of Finance
- Quebec will receive a $1 billion increase in major federal transfers, totalling $21.4 billion in 2016–17.
- Quebecers will benefit from Budget 2016 through:
- $2.3 billion more in child benefits during the 2016–17 to 2017–18 period;
- $7.5 million over the 2015–16 to 2017–18 period due to an increase in the Northern Residents Deduction;
- $15.3 million over the 2015–16 to 2017–18 period through the new Teacher and Early Childhood Educator School Supply Tax Credit;
- $280 million in federal tax relief over the 2015–16 to 2017–18 period through the restoration of the Labour-Sponsored Venture Capital Corporations Tax Credit; and
- $924 million to upgrade and improve public transit systems in Quebec.
- Budget 2016 also commits funds for Quebec homeowners who have had serious and costly structural problems due to pyrrhotite in their homes’ foundations.
- The budget commits $17 million to upgrade four drinking water treatment and distribution systems in Sherbrooke.
- Budget 2016 will provide the National Optics Institute—headquartered in Quebec City—with $50 million over five years, starting in 2016–17, to support the Institute’s work with Canadian businesses.
Office of the Minister of Finance
Department of Finance