Ground Water Canada

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Federal budget aims to support jobs and growth


April 22, 2015
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:

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    • 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.