Budget 2017 is the next step in the Government’s long-term plan to create jobs and strengthen the middle class. With its strong focus on innovation, skills, partnerships and fairness, Budget 2017 takes the next steps in securing a more prosperous future for all Canadians.
Supporting Canada’s Energy Industry: Our government is dedicated to protecting the environment and developing our resources. In this work Budget 2017 proposes $30 million to support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.
The $30 million is going to help reclaim over 1200 orphaned and abandoned wells across Alberta. That will be great to put Albertans back to work and will help protect the environment.
- I am proud to be part of a government that supports Alberta’s resource sector and we are happy to provide this funding during a difficult economic time.
- Premier Notley said on Thursday, “We’re pleased to see Ottawa has set aside $30 million dollars in support for Alberta’s oil and gas sector and we look forward to leveraging this money to help put more Albertans back to work on reclaiming orphaned and abandoned wells.”
- As the Prime Minister has said, time and time again, our government considers the environment and developing our resources as two sides of one coin. It is the job of the Canadian government to get our resources to market – with numerous approvals in these recent months – and to continue to grow the Canadian economy and support middle class jobs.
Innovation: Our government is positioning Canada at the leading edge of a changing economy, by helping to ensure that Canadians are able to access the jobs of the future. Budget 2017 helps connect companies on a global scale, takes an innovative and collaborative approach to solving modern challenges, and helps businesses get what they need to grow. Alberta and Canada are positioned to be leaders in the global economy – in key areas like agri-food, clean technology, digital industries, health/bio-sciences, and clean resources.
- In Budget 2017 we are investing $950 million over five years to support a small number of business-led innovation “superclusters” that will have the greatest potential to accelerate economic growth through a competitive basis.
- We are setting an ambitious target to grow Canada’s agri-food sector to $75 billion/year in 2025: through an investment of $10.1 over ten years, to expand Canada’s export gateways and grow investments in value-added processing. Our government is also moving forward by creating a new Agricultural Policy Framework that will grow the agri-food sector – through an investment of $1.5 billion in 2018.
- With projects across Canada that will develop new clean technologies we’re putting $400 million to work over five years to re-capitalize the Sustainable Development Canada’s SD Tech Fund. We’re also continuing to invest in core clean energy and clean transportation innovation programming with an investment of $229 million over four years, starting 2018-2019. Additionally, adopting clean technology in Canada’s natural resources sector, as well as building on clean technology research and development – through an investment of $200 million over four years, starting in 2017-2018.
Skills and Training: We are equipping Canada’s workers with the skills and tools they need to succeed in a changing economy. Budget 2017 places Canada’s skilled, talented and creative people at the heart of a more innovative economy. It makes smart investments to help adult workers retrain or upgrade their skills to adapt to changes in the new economy, and to help young people get the skills and work experience they need to start their careers.
- We are also putting into place $132.4 over four years and $37.9 million per year in ongoing spending to expand flexibilities within the Employment Insurance program, building on the $2.7 billion reform package that we as a government implemented in Budget 2016.
- Finally, $2.7 billion over six years is being commitment to boost skills training and employment supports for the unemployed and underemployed Canadians under the Labour Market Transfer Agreements. This’ll also be expended to allow even more Canadians to access Employment Insurance funded skills training and employment supports.
Alberta Families: Alberta is Canada’s youngest province and stands to benefit the most with this direct investment into families and children. This continues our work with the Canada Child Benefit that gives more money to 9 out of 10 Canadians families and is lifting hundreds of thousands of children out of poverty. Keeping Canada on the path to building a fairer, more inclusive country that reflects the priorities of Canadians. The Government understands that change must result in the kind of growth that benefits all Canadians, at every stage of their lives—young Canadians, newcomers to Canada, working Canadians, seniors, veterans and Indigenous Peoples.
- By investing $7 billion over ten years to support and create more high-quality, affordable child care spaces across the country, we are continuing our work from Budget 2016 and our election platform of investing in families.
- In Budget 2017 we are also putting in $42.1 million over five years and $9.2 million per year thereafter to allow expectant mothers to claim EI maternity benefits up to 12 weeks before their due date – expanded from the current standard of 8 weeks—if they choose so.
- $691.3 million over five years and $168.1 million per year thereafter to create a new Employment Insurance (EI) caregiving benefit of up to 15 weeks to cover a broader range of situations where individuals are providing care to an adult family member who requires significant support in order to recover from a critical illness or injury. Parents of critically ill children will continue to have access to up to 35 weeks of benefits, with additional flexibility to share these benefits with more family members.
- $152 million over five years and $27.5 million per year thereafter to help working parents navigate the challenges that come with a growing family by allowing them to choose to receive EI parental benefits over an extended period of up to 18 months at a lower benefit rate.
Infrastructure: Budget 2017 continues our commitments from the 2015 election with an investment in the Calgary Green Line LRT – which, when built, will have an estimated of 90,000 to 140,000 trips per day.
- Our government is also investing $11.2 billion over 11 years for a National Housing Strategy to help ensure that Canadians have affordable housing that meets their needs. Of the total funding, $3.2 billion will be provided to the provinces and territories to support key priorities for affordable housing in 2018-2019’s fiscal year.
- Budget 2017 will help our communities better prepare for and respond to the effects of climate change, such as floods, wildfires, droughts and other extreme weather events.
- $83.8 million over five years to integrate traditional Indigenous knowledge to build a better understanding of climate change and inform adaptation actions; enhance Indigenous community resilience through infrastructure planning and emergency management in those communities where flooding risks are increasing.
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