Home Rick's Blog News & Updates About Rick Constituent Services Contact
    Home arrow Press Releases and Public Notices
Apr 24, 2014 at 02:47 AM



Minister Flaherty Welcomes Royal Assent of the Economic Action Plan 2013 Act, No. 2 Print E-mail Share to FacebookTweet This!
Dec 13, 2013 at 09:18 AM

Related Documents:

The Honourable Jim Flaherty, Minister of Finance, today welcomed the Royal Assent of Bill C-4, the Economic Action Plan 2013 Act, No. 2.

“With Royal Assent, our Government is poised to implement a number of outstanding measures from Economic Action Plan 2013,” said Minister Flaherty. “Canada continues to see the best job growth in the Group of Seven (G-7), with almost 1.1 million jobs created since July 2009. As we close in on our goal of returning to balanced budgets in 2015, with an expected surplus of $3.7 billion in 2015–16, the Economic Action Plan 2013 Act, No. 2 sets the stage for more job creation, more economic growth and greater prosperity for all Canadians.”

The Economic Action Plan 2013 Act, No. 2 positions Canada for long-term success with key measures to support job creators, such as:

  • Freezing Employment Insurance premium rates for three years, leaving an estimated $660 million in the pockets of job creators and workers in 2014 alone;
  • Increasing and indexing the Lifetime Capital Gains Exemption, to make investing in small business more rewarding; and
  • Extending and expanding the temporary Hiring Credit for Small Business, which will benefit an estimated 560,000 employers in 2013.

The Act also closes tax loopholes and helps combat tax evasion by, for example:

  • Introducing new administrative monetary penalties and criminal offences to deter the use, possession, sale and development of electronic suppression of sales software designed to falsify records for the purpose of tax evasion; and
  • Extending, in certain circumstances, the period during which the Canada Revenue Agency can reassess a taxpayer who fails to report income from foreign property.

In addition, the Act ensures respect for taxpayers’ dollars by:

  • Modernizing the Canada Student Loans Program by moving to electronic service delivery; and
  • Phasing out the Labour-Sponsored Venture Capital Corporations tax credit.

“Our Government understands the importance of responsible spending and balanced budgets for long-term economic growth and stability,” said Minister Flaherty. “We remain on track to get back to balance in 2015, without raising taxes or cutting investments in health care and social service transfers, just as we promised Canadians.”

The first Act to implement measures from Economic Action Plan 2013, the Economic Action Plan 2013 Act, No. 1, received Royal Assent on June 26, 2013.

Discuss this article on the forums. (0 posts)

Have a Merry Christmas and a Joyous Holiday Season! Print E-mail Share to FacebookTweet This!
Dec 11, 2013 at 03:08 PM

Discuss this article on the forums. (0 posts)

MAJOR ECONOMIC OPPORTUNITY FOR ADVANCED MANUFACTURERS IN ONTARIO Print E-mail Share to FacebookTweet This!
Dec 09, 2013 at 12:12 PM

GOVERNMENT OF CANADA PROVIDES MAJOR ECONOMIC OPPORTUNITY FOR ADVANCED MANUFACTURERS IN ONTARIO

Ontario's manufacturers will soon benefit from Government of Canada support aimed at increasing competitiveness, investing in innovation and boosting productivity thanks to the new Advanced Manufacturing Fund (AMF) in Ontario. Manufacturers in Ontario will now be able to apply for federal funding which will encourage the development of transformative products and technologies.

On December 9, 2013, the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), officially launched the new Fund in London, Ontario.

Ontario is home to skilled workers, world-leading companies and innovative manufacturers. Despite challenges, the manufacturing sector's contribution to the economy continues to be a key driver of economic prosperity, despite challenges associated with intensifying competitive pressures.

"Through the Advanced Manufacturing Fund, our Government is looking ahead to the new and innovative products or production methods that will push Ontario to the forefront of high-tech manufacturing," said Minister Goodyear. "With this investment, we are helping manufacturers in the province to build momentum and push to be more competitive on the global stage."

AMF is one of the integral ways our Government will help our workers, businesses and other organizations here in Ontario as they strive to grow and prosper. By investing in innovative and productive manufacturing companies, we are helping them to achieve and maintain global leadership, while providing good quality jobs in Ontario now and for the future.

The Government of Canada's Economic Action Plan 2013 provides $200 million over five years for the Advanced Manufacturing Fund in Ontario, to be delivered province-wide by FedDev Ontario.

The Fund will promote continued growth of Ontario’s advanced manufacturing sector by supporting large-scale, transformative manufacturing activities.

  • It will increase productivity.
  • It will lead to greater economic output.
  • It will create cutting-edge companies, driven by innovation.
  • It will establish clusters or supply chains.
  • It will foster collaboration between the private sector, research institutions and post-secondary institutions.

Advanced manufacturing includes the development and/or adoption of cutting-edge technologies that demonstrate a commitment to product, process, and technological innovation.

The contributions provided will normally be between $10 million and $20 million per project for up to one-half (50 percent) of total eligible project costs. Projects seeking less than $10 million or more than $20 million may be considered. Applicants must provide evidence of industry support (non-government sources) for at least 50 percent of the remaining project costs and clearly demonstrate how their project responds to innovation, market relevance and spillover economic benefits.

For detailed guidelines and information on how to apply, please refer to the backgrounder or visit www.FedDevOntario.gc.ca.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region’s strengths and creating opportunities for jobs and economic growth.

In Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the renewal of FedDev Ontario.

Economic Action Plan 2013 provides $920 million over five years for the Agency, starting on April 1, 2014.

To learn more, please visit www.FedDevOntario.gc.ca or call 1-866-593-5505.

Follow FedDev Ontario on Twitter @FedDevOntario

Read more...
Government of Canada Taking Action on Patient Safety Print E-mail Share to FacebookTweet This!
Dec 06, 2013 at 03:21 PM

On December 6, 2013, the Government of Canada introduced the Protecting Canadians from Unsafe Drugs Act (Vanessa's Law) to help better identify potentially dangerous drugs and ensure the quick recall of unsafe drugs.

The new legislation will update the law that apply to drugs and medical devices to increase patient safety in key areas of concern and will enable the Government to:

  • Require strong surveillance, including mandatory adverse drug reaction reporting by healthcare institutions;
  • Recall unsafe products;
  • Impose tough new penalties for unsafe products, including jail time and new fines of up to $5 million per day instead of the current $5,000;
  • Provide the courts with discretion to impose even stronger fines if violations were caused intentionally;
  • Compel drug companies to revise labels to clearly reflect health risk information, including potential updates for health warnings for children; and
  • Compel drug companies to do further testing on a product, including when issues are identified with certain at-risk populations such as children.

The patient safety legislation builds on our existing efforts to ensure that drug labels and safety information are easier to read and understand.

The Act would apply to prescription and over-the-counter drugs, vaccines, gene therapies and medical devices.

Families, patients, healthcare providers and industry were consulted in the development of the new patient safety legislation to ensure that it provides safety improvements in the areas of greatest concern.  At these consultations, there was a general agreement that we need a stronger safety regime for drugs and medical devices, including mandatory adverse reaction reporting, recalls, and increased fines and penalties that better reflect the serious nature of the offences.

Delivering on this latest key safety commitment will ensure that Canadian families have confidence in the medicine they and their children use.

Discuss this article on the forums. (0 posts)

Government of Canada Launches New Initiatives for a Stronger Southern Ontario Print E-mail Share to FacebookTweet This!
Dec 06, 2013 at 12:00 AM

Toronto, Ontario—The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), today launched the Southern Ontario Prosperity Initiatives (SOPIs), a new suite of initiatives designed to support and develop a stronger, more vibrant southern Ontario economy. The Minister made the announcement at the Innovation 2013 Conference presented by the Alliance for Commercialization of Canadian Technologies (ACCT), accompanied by Mark Adler, Member of Parliament for York Centre.

"Our Government is committed to securing long-term economic prosperity and to do so, we will continue to invest in projects and companies where the return on our investment will be of direct benefit to taxpayers and the country," said Minister Goodyear. "The Southern Ontario Prosperity Initiatives mark the next phase of the FedDev Ontario's focus on growing innovative businesses, building strong communities and cultivating the most effective partnerships here in one of Canada's most important economic hubs."

These initiatives, created based on feedback from business leaders and stakeholders, build on FedDev Ontario's successes to-date and send a clear message about the benefits of investing in a strong and prosperous southern Ontario.

"Supporting the drivers of growth and job creation is a priority for our Government," said MP Adler. "That is why we continue to put forth world-class programs and initiatives aimed at giving Canadians the tools they need to prosper."

The Southern Ontario Prosperity Initiatives are:

Each of these initiatives is uniquely designed to help retain, attract and grow businesses in southern Ontario to increase the region's global competitiveness. Over $530 million in funding is available under the SOPIs. See the backgrounders for more information.

"We are pleased to have Minister Goodyear speak at this year's conference," said Janet Scholz, President, ACCT Canada. "Our theme this year is 'the changing landscape of partnerships and commercialization,' and it is very clear that the work of FedDev Ontario - past and future - is in line with what we are trying to achieve for all of those in Canadian innovation."

"The Ontario Chamber of Commerce is Ontario's Business Advocate," said Allan O'Dette, President, Ontario Chamber of Commerce. "Our work with FedDev Ontario has proven to be beneficial for businesses in Ontario, and we look forward to the next phase of programs and initiatives to support economic growth in Ontario."

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. In Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the renewal of FedDev Ontario. Economic Action Plan 2013 provides $920 million over five years for the Agency, starting on April 1, 2014.

To learn more about the details of new programming, please visit www.FedDevOntario.gc.ca or call toll-free at 1-866-593-5505. Follow us on Twitter @FedDevOntario.

  • Related Announcement - GOVERNMENT OF CANADA PROVIDES MAJOR ECONOMIC OPPORTUNITY FOR ADVANCED MANUFACTURERS IN ONTARIO

Discuss this article on the forums. (0 posts)

<< Start < Previous 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 46 - 54 of 1464
Current News
Local News
Press Releases and Public Notices
Newsletters
FAQs
Rick's Discussion Forum
April 2014 May 2014
Su Mo Tu We Th Fr Sa
Week 14 1 2 3 4 5
Week 15 6 7 8 9 10 11 12
Week 16 13 14 15 16 17 18 19
Week 17 20 21 22 23 24 25 26
Week 18 27 28 29 30

Rick's Blog
Constituent Services
Discussion Forums
Ricks 5 Point Plan
Niagara Original
Go Ice Dogs!

Note: These social networking links will take you off this MP Constituency web-site.

Follow Rick on Twitter Join Rick's Group on Facebook Watch Rick's YouTube Channel View Rick's Photostream
Username

Password

Remember me
Password Reminder
No account yet? Create one
  
  
Copyright 2006 www.Rickdykstra.ca
Privacy Policy