Minister Morneau Takes Canada's Plan for a Strong Middle Class to Moncton
July 25, 2017 – Dieppe, New Brunswick – Department of Finance Canada
The Government of Canada is making smart investments that lead to shared growth and create opportunities and jobs for the middle class and those working hard to join it.
Finance Minister Bill Morneau delivered remarks to community members at a live-streamed town hall at the Wingate Hotel in Dieppe, organized by the Greater Moncton Chamber of Commerce, where he highlighted key measures that have helped Canada's economy—and Canada's middle class—grow and succeed. He was accompanied by Parliamentary Secretary Ginette Petitpas Taylor.
Following the event with the Greater Moncton Chamber of Commerce, the Minister will also meet with Premier Brian Gallant and Finance Minister Cathy Rogers as part of his visit to New Brunswick.
During the Minister's remarks, he highlighted key pillars of the Government's plan to strengthen the middle class, including introducing the Canada Child Benefit over one year ago, strengthening the Canada Pension Plan, cutting taxes for middle class Canadians while raising them for the richest 1%, and investing in our towns and cities.
The steps taken to date are having a real, positive impact on people's lives. The Government's next steps will transform the economy so that it works for the middle class and those working hard to join it, and will help Canada and Canadians prepare for the global economy of tomorrow.
The Canadian economy has shown strong signs of improvement, with more disposable income in the hands of the middle class, stronger economic growth and lower unemployment. The economy has added over 300,000 jobs over the last 12 months—and has been the fastest growing economy in the G7 over this period.
Minister Morneau also spoke about new actions to improve the fairness of Canada's tax system, closing tax loopholes and amending existing rules so that people in similar circumstances pay similar amounts of tax. This work includes the launch of a public consultation paper last week in Ottawa, relating to tax planning strategies involving the use of private corporations; strategies that can result in high-income individuals gaining tax advantages that are not available to other Canadians.
"Our Government is building a strong middle class and growing the economy over the long term. Our plan is having a real, positive impact on people's lives. In the last twelve months, the Canadian economy has created more than 300,000 new jobs, the majority of them full-time, and our unemployment rate has dropped to 6.5%. These results are bringing confidence back to the middle class, and thanks to their hard work, diversity and optimism, Canada's future looks bright."
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Office of the Minister of Finance
Department of Finance Canada