Minister Clement Outlines Benefits of Economic Action Plan 2013 at Montreal Board of Trade
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 04/05/13 -- The Honourable Tony Clement, President of the Treasury Board, today highlighted the Government of Canada's investments in Canada's aerospace and manufacturing sectors in an address to the Montreal Board of Trade.
"Quebec is a major player in aerospace, a strategic, global industry that fuels innovation and high-value jobs," said Minister Clement. "Our Government, through Economic Action Plan 2013, is supporting Canada's competitive edge with funding for research into new products and innovations. Now is the time to invest in innovation and infrastructure so that we remain at the top of our game."
Economic Action Plan 2013 sets out the following initiatives:
Supporting Manufacturers and Small Businesses-The Government is providing $1.4 billion in tax relief for manufacturers and processors through a two-year extension of the temporary accelerated capital cost allowance. This proposed tax relief will allow businesses in the manufacturing and processing sector to invest more in machinery and equipment, making their operations more efficient. The Government is also investing $225 million and introducing legislation to expand and extend the temporary Hiring Credit for Small Business for one year. In addition, the Government is investing almost $1 billion in the Strategic Aerospace and Defence Initiative to ensure it continues to meet the needs of the industry.
The New Building Canada Plan-This is the largest and longest federal investment in provincial, territorial and municipal infrastructure projects in Canadian history-more than $53 billion over 10 years, starting in 2014-15.
The Canada Job Grant-Canadians could benefit from $15,000 or more per person to ensure they are getting the skills employers are seeking. Up to $5,000 will be provided by the federal government and that amount will be matched by the province or territory and the employer. For the first time, the Canada Job Grant will take skills-training choices out of the hands of government and put them where they belong-in the hands of employers and Canadians who want to work.
"Economic Action Plan 2013 marks the next chapter in our Government's commitment to creating jobs, growth and long-term prosperity while keeping taxes low for families and businesses, and balancing the budget by 2015," said Minister Clement. "The initiatives in Economic Action Plan 2013 build on previous actions by our Government to connect Canadians with new high-quality jobs, to provide long-term predictable funding to build roads, bridges and commuter rail, and to make significant investments in our manufacturers and small businesses."
To learn more about Canada's Economic Action Plan, visit .
IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.
TTY (telecommunications device for the hearing impaired) - 613-957-9090
This news release is available at .
Follow us on Twitter:
Contacts:
Matthew Conway
Press Secretary
Office of the President of the Treasury Board
and Minister responsible for FedNor
613-957-2666
Media Relations
Treasury Board of Canada Secretariat
613-957-2640
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2013 - 11:32 Uhr
Sprache: Deutsch
News-ID 1213803
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
MONTREAL, QUEBEC
Phone:
Kategorie:
National
Anmerkungen:
Diese Pressemitteilung wurde bisher 212 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Minister Clement Outlines Benefits of Economic Action Plan 2013 at Montreal Board of Trade
"
steht unter der journalistisch-redaktionellen Verantwortung von
Treasury Board of Canada Secretariat (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
