
News
Federal budget aims to support jobs and growth
April 22, 2015
By Ground Water Canada
By Ground Water Canada
April 22, 2015
By Ground Water Canada
By Ground Water Canada
April 22, 2015, Ottawa – Canada's 2015 budget supports jobs and growth
by allowing job-creating businesses to thrive, making investments in
infrastructure and training a highly skilled workforce that meets
employers' needs, the federal government said in a news release.
April 22, 2015, Ottawa – Canada's 2015 budget supports jobs and growth by allowing job-creating businesses to thrive, making investments in infrastructure and training a highly skilled workforce that meets employers' needs, the federal government said in a news release.
The 2015 Economic Action Plan contains several measures aimed at supporting jobs and growth:
- Reducing the small business tax rate to 9 per cent by
2019—putting an estimated $2.7 billion back into the pockets of
job-creating small businesses and their owners between now and 2019–20. - Providing manufacturers with a 10-year accelerated capital cost
allowance to encourage productivity-enhancing investment in machinery
and equipment. - Increasing the Lifetime Capital Gains Exemption to $1 million for owners of farm and fishing businesses.
- Improving access to financing for Canadian small businesses through the Canada Small Business Financing Program.
- Expanding the services offered through the Business Development
Bank of Canada and Export Development Canada to help small and
medium-sized businesses. - Providing $14 million over two years to Futurpreneur Canada in support of young entrepreneurs.
- Supporting the Action Plan for Women Entrepreneurs to help women business owners succeed.
- Helping innovative companies grow and create jobs through the Venture Capital Action Plan.
- Supporting provinces and territories to facilitate the
harmonization of apprenticeship training and certification requirements
in targeted Red Seal trades. - Investing in world-class research and development by providing
over $1.5 billion in funding over five years to advance the
Government’s renewed science, technology and innovation strategy. - Continuing to provide $5.35 billion per year on average for
provincial, territorial and municipal infrastructure under the New
Building Canada Plan. - Investing $750 million over two years starting in 2017–18, and $1
billion per year thereafter, for a new Public Transit Fund aimed at
building new public transit infrastructure to reduce congestion and
fight gridlock in large cities.
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