Minister Morneau Takes Canada's Plan for a Strong Middle Class Plan to PEI
July 26, 2017 – Malpeque, PEI – 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.
The Government's ambitious plan will build a stronger middle class through investments in people (a tax cut for the middle class, the Canada Child Benefit, education, and skills training), in our communities (housing, roads, bridges and green infrastructure) and in our economy (innovation, smart cities and digital). The Government is working to create middle class jobs and more opportunities to succeed in the economy of tomorrow.
While visiting Prince Edward Island, Minister Morneau visited Crasdale Farms in Hunter River, where he spoke about the Government's plan to position Canada's agriculture and agri-food sector to take full advantage of innovative new approaches, helping create new jobs and contributing to economic growth.
The fishing industry is an important part of the Canadian culture and economy and small craft harbours are crucial to the fishing industry. In Budget 2016, the Government invested $149 million over two years for small craft harbour infrastructure improvements and Budget 2017 provided an additional $5 million.
Minister Morneau also visited a local wharf in Stanley Bridge where he spoke about the importance of the fishing industry to Canada's culture and economy, as well as the Government's ongoing efforts to support innovative approaches, protecting marine ecosystems so that the industry remains sustainable, and creating jobs.
Minister Morneau met with his provincial counterpart, the Hon. Allen F. Roach, the Minister of Finance for Prince Edward Island on the sidelines of his visit.
Minister Morneau also spoke about new action 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.
"The Government of Canada is committed to 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 past year, more than 300,000 jobs have been created and the unemployment rate has fallen to its lowest point in nearly a decade. We have every reason to capitalize on this momentum, and to ensure that Canada's future for our children and grandchildren is a bright one."
- Bill Morneau, Minister of Finance
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Office of the Minister of Finance
Department of Finance Canada