Chapter 3: Supporting Jobs and Growth
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Introduction
Canada’s Economic Action Plan is working. Since the beginning of the recovery, the Canadian economy has continued to create jobs, with over 1 million more Canadians working today than during the worst part of the recession. However, given the ongoing uncertainty in the global economic environment, it is important for the Government to continue to focus on supporting job creation and economic growth.
Building on actions taken since 2006, Economic Action Plan 2014 continues to implement the Government’s plan for jobs and growth by:
- Connecting Canadians with available jobs by helping them to acquire the skills that will get them hired or help them get better jobs;
- Fostering job creation, innovation and trade by keeping taxes low; reducing the tax compliance burden; and continuing to provide Canadian businesses and investors with the market access they need to succeed in the global economy;
- Developing resources responsibly, conserving Canada’s natural heritage, and investing in infrastructure and transportation by supporting the mining, forestry and agriculture sectors; investing in national parks and conservation initiatives; expanding tax support for clean energy; and making strategic investments in public infrastructure and transportation services; and
- Supporting families and communities by taking additional steps to protect Canadian consumers; keeping taxes low for families; and improving the safety of Canadians.
2013–14 | 2014–15 | 2015–16 | Total | |
---|---|---|---|---|
Connecting Canadians With Available Jobs | ||||
Ensuring Training Reflects Labour Market Needs | 7 | 8 | 15 | |
Training the Workforce of Tomorrow | 66 | 194 | 259 | |
Strengthening Canada’s Labour Market | 2 | 43 | 43 | 89 |
Subtotal—Connecting Canadians With Available Jobs | 2 | 116 | 245 | 363 |
Fostering Job Creation, Innovation and Trade | ||||
Keeping Taxes Low for Job-Creating Businesses | 5 | 15 | 20 | |
Fostering Trade and Canadian Entrepreneurship | 195 | 302 | 497 | |
Supporting Advanced Research and Innovation | 423 | 410 | 833 | |
Promoting Canada’s Financial Sector Advantage | 1 | 2 | 3 | |
Subtotal—Fostering Job Creation, Innovation and Trade | 624 | 729 | 1,354 | |
Responsible Resource Development, Conserving Canada’s Natural Heritage, and Investing in Infrastructure and Transportation | ||||
Responsible Resource Development | 48 | 47 | 94 | |
Supporting Mining, Forestry and Agriculture | 86 | 11 | 97 | |
Asserting Canada’s Sovereignty by Investing in the North | 47 | 43 | 90 | |
Conserving Canada’s Natural Heritage | 13 | 21 | 33 | |
Investing in Infrastructure and Transportation | 160 | 216 | 376 | |
Subtotal—Responsible Resource Development, Conserving Canada’s Natural Heritage, and Investing in Infrastructure and Transportation | 353 | 337 | 691 | |
Supporting Families and Communities | ||||
Consumers First | 63 | 150 | 214 | |
Investing in Families | 3 | 52 | 54 | 108 |
Investing in Stronger Communities | 103 | 187 | 352 | 641 |
Subtotal—Supporting Families and Communities | 106 | 302 | 555 | 964 |
Total—Supporting Jobs and Growth | 108 | 1,396 | 1,867 | 3,371 |
Less funds existing in the fiscal framework | 23 | 497 | 703 | 1,222 |
Less funds sourced from internal reallocations | 154 | 147 | 301 | |
Less anticipated cost recovery | 15 | 13 | 28 | |
Net fiscal cost | 86 | 730 | 1,003 | 1,819 |
Restoring the Effectiveness of the Excise Duty on Tobacco Products | -96 | -685 | -660 | -1,441 |
Note: Totals may not add due to rounding. |