Budget works for Leeds-Grenville while addressing national needs
March 19, 2007

Ottawa - Gord Brown, Member of Parliament for Leeds-Grenville says today's budget works for Leeds-Grenville and works for Canada.

Reducing the tax burden for families and businesses, protecting the environment, and restoring the fiscal balance in the Canadian federation were highlighted in this year's budget speech as Finance Minister Jim Flaherty continues the work of Canada's new government.

"Last year we provided nearly $20 billion in tax relief over two years," explains Brown. "We still believe that taxes are too high and this year's budget continues to provide Canadians with greater freedom to save or purchase items that are important to them and their families."

Budget 2007 builds a stronger, safer, better Canada by delivering the following benefits for Canadians:
Restoring fiscal balance by providing $39 billion in additional funding over seven years, which will allow provinces and territories to better provide services and infrastructure that matter to Canadians-everything from roads, bridges and public transit, to better-equipped universities and colleges, improving health care, clean rivers, oceans and air, and job training that helps Canadians compete with the best in the world.
Further tax relief for working families with the Working Families Tax Plan, which includes a new $2,000-per-child tax credit. Budget 2007 also helps parents save for their children's education by strengthening the registered education savings plan program, and supports seniors by raising the age limit for registered pension plans and registered retirement savings plans to 71 from 69 years.

Further debt reductions resulting in savings for Canadians. After paying down $13.2 billion on Canada's national debt in September 2006, Budget 2007 further reduces the debt by $9.2 billion. Thanks to the government's Tax Back Guarantee, the interest savings on this year's debt repayment will be returned to Canadians in the form of further tax cuts.

Investing in Canadians by providing $550 million per year for the Working Income Tax Benefit and $140 million over two years to establish a Registered Disability Savings Plan.

Preserving the environment with a balanced action plan including rebates on fuel-efficient vehicles and efficient alternative fuel vehicles, an incentive to get older polluting cars off the road and a Green Levy on fuel-inefficient vehicles; by developing a new National Water Strategy; and by providing $1.5 billion to establish a Canada ecoTrust for Clean Air and Climate Change.

Improving health care by investing $400 million for Canada Health Infoway to support the development of electronic health records and up to $612 million to support jurisdictions that have made commitments to implement patient wait time guarantees, and by providing the provinces with $300 million for a vaccine to prevent cancer of the cervix.

Supporting our troops by providing $60 million to increase the field operations allowance, establishing five new trauma centres to help veterans and their families deal with stress injuries related to their military service, and creating the position of Veterans' Ombudsman.

Supporting our farmers by providing $1 billion in commitments for improvements to national farm income programs, including $600 million to kick-start contributory style producer savings accounts and a direct payment of $400 million to producers to help address high production costs.

The budget also helps drive the government's new long-term economic plan - Advantage Canada.

The plan, release last November, will make Canada world leader in five areas. It will give us a Fiscal Advantage by reducing federal debt, an Infrastructure Advantage by building modern, world class infrastructure that ensure s a smooth and seamless economic flow; an Entrepreneurial Advantage by reducing unnecessary regulation and red-tape and increasing competitiveness; a Knowledge Advantage by creating the best-educated, most-skilled and most flexible workforce in the world and a Tax Advantage by reducing taxes for all Canadians and establishing the lowest tax rate on new business investment in the G7.

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