Federal government delivers responsive and responsible budget
Growing the economy and creating jobs key for St. Catharines, says Dykstra

Ottawa - Rick Dykstra, Member of Parliament for St. Catharines today praised a budget that builds on Canada’s economic recovery with action to create jobs and opportunity, while providing assistance to low-income Canadians, families and seniors.

Year 2 of the Economic Action Plan will provide over $1.3 billion in personal tax relief in 2010 -11 to help workers, and families in Ontario.

“I am pleased to see that those hard hit by the recession in St. Catharines will benefit from enhancements to E.I. benefits and training programs”, said Dykstra, “while we will create new job opportunities by supporting business and the development of high-tech industry.”

BUDGET 2010 HIGHLIGHTS

• Personal income tax relief -  $ 3.2 billion by adjusting federal tax brackets, enhancing the Working Income Tax Benefit, higher child benefit for parents and lower taxes for low and middle- income seniors

• Help for workers - over $4 billion enhancing E.I. benefits, extending the work sharing program, and training opportunities to transition workers from current challenges towards future prosperity

• Support  Industries and communities - 2.2 billion fuelling jobs and providing support for forestry, agriculture, small businesses, tourism, shipbuilding and culture

• Universal Child Care Benefit -Tax free for single parents

• Creating jobs though innovation -  Over $600 million in additional funds to promote research and development and the high-quality jobs that go with it

• Encouraging investment and trade: additional measures to cut red tape and make Canada a tariff-free zone for manufacturers to attract job-creating investment

Seniors

• Budget 2010 provides $10 million over 2 years to increase funding for the New Horizons for Seniors Program.

• Increase the age limit for RRSP to RRIF conversion to 71 from 69

• Tax free saving account for seniors – withdrawals will NOT affect eligibility for OAS and GIS

Business and Community

• Lift tariff on manufacturing equipment as well as on other inputs in manufacturing

• Continuing with current tax plans such as the schedule for corporate tax rate reductions

• 1 billion Community Development Trust for Ontario

• $400 million Police Officers Recruitment Fund for Ontario

• $196 million labour market training- for Ontario

• Establish a commission to reduce red tape for business and industry

Immigration and Refugees

• Continue to work with the provinces to strengthen recognition of foreign credentials through the Pan-Canadian Framework for the Assessment and Recognition of Foreign Qualifications

• To better protect would-be immigrants, our Government will take steps to shut down unscrupulous immigration consultants and introduce legislation to speed up the revocation of citizenship of those who have concealed their war crimes

For more budget details go to:  http://www.budget.gc.ca/2010/plan/toc-tdm-eng.html

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