Budget 2. 01. 6: Chapter 2 - Growth for the Middle Class. Introduction. In the last century, it was Canada’s growing and optimistic middle class that built a better country—not just for themselves, but for their children and grandchildren. The investments they made in Canada’s future prosperity improved the quality of life for every generation that followed. It’s time for Canada to once again make smart, strategic investments that will grow Canada’s economy and make it an even better place to call home. Canada’s middle class will benefit from the immediate help provided by Budget 2. By investing in infrastructure now—in the projects Canada needs and the people who can build them—growth for the middle class can be secured well into the future. At the same time, to deliver new results, Canada must try new things. In Budget 2. 01. 6, the Government is defining a new vision for Canada’s economy: Canada as a centre of global innovation. ![]() Choose from 533 APT tours, river cruises & small ship cruises and read 194 in-depth APT reviews from past clients of Global Journeys. When you book your APT tour or.Together, investments in infrastructure and in innovation will form the foundation for a more inclusive society—one that delivers stronger growth and a better quality of life for the middle class and those working hard to join it. Investing in Infrastructure to Create Jobs and Prosperity for the Middle Class. Investing in infrastructure creates good, well- paying jobs that can help the middle class grow and prosper today. And by making it easier to move people and products, well- planned infrastructure can deliver sustained economic growth for years to come. At the same time, new challenges have emerged that make the need for investment more acute: things like the rapid growth of Canada’s cities, climate change, and threats to our water and land. Congestion in Canadian communities makes life more difficult for busy families, and has a negative effect on our economy—when businesses can’t get their goods to market, it undermines growth. Travel essentials Local market reports are available in the following locations: Argentina. Second hand clothing imports hurt Edgars BULAWAYO: Clothing retail chain Edgars Stores says the rapid increase in unregulated commerce in the country is. ![]() A changing climate is also hard on communities. From floodways to power grids, investments are needed to make sure Canada’s communities remain safe and resilient places to live. Investing in infrastructure is not just about creating good jobs and economic growth. ![]() HSRC Medal for the Social Sciences and Humanities To recognise scientists and researchers who have contributed positively to the social sciences and humanities, the. Time and Date gives information about the dates and times from your local region to any area in the world. Research times across the globe, review the time zone map. FreshPlaza is the number one portal for the fresh produce industry, offering the latest news, job advertisements, pricewatch, and photo albums. It’s also about building communities that Canadians are proud to call home. With historic investments in public transit, green infrastructure and social infrastructure, Budget 2. Canada’s infrastructure and improve the quality of life for all Canadians. In Budget 2. 01. 6, the Government will implement an historic plan to invest more than $1. Canadians and better position Canada’s economy for the future. The Government’s plan will be implemented in two phases. In addition to funding flowing through the existing programs that support infrastructure, the Government will implement a short- term Phase 1 plan to immediately invest in the infrastructure Canadians need—to modernize and rehabilitate public transit, water and wastewater systems, provide affordable housing, and protect existing infrastructure from the effects of climate change. Phase 1 focuses primarily on infrastructure investments over the next two years. Phase 2 will deliver on the remaining eight years of the Government’s long- term infrastructure plan. In this phase, the goals will be broader and more ambitious: a more modern, cleaner economy; a more inclusive society; and an economy better positioned to capitalize on the potential of global trade. This second phase will go hand in hand with the transition to a low- carbon economy. It will make Canada’s largest cities better places to live, through cost- effective, sustainable, integrated transportation networks. And it will aim to deliver fast, efficient trade corridors that allow Canadian exporters to benefit fully from international trade. In making its investments, the Government will balance support for projects of different size and scope—both those of local and regional importance, and larger, economically strategic projects that can provide transformative change at the national level. A long- term infrastructure investment plan is an opportunity to make meaningful contributions to Canada’s economic growth and sustainable development by addressing important infrastructure challenges of national significance. Ambitious projects will be supported to reduce urban transportation congestion, improve and expand trade corridors, and reduce the carbon footprint of the national energy system. New institutions could provide Canada an opportunity to improve infrastructure management across the country by working with our partners to: Pursue evidence- based decision- making, arrived at through independent, expert advice; Examine new innovative financing instruments to reduce the cost of municipal infrastructure projects so that more are built and they get started earlier; Where it is in the public interest, engage public pension plans and other innovative sources of funding—such as demand management initiatives and asset recycling—to increase the long- term affordability and sustainability of infrastructure in Canada; and. Better support the use of state- of- the- art infrastructure technology to improve the efficiency and effectiveness of existing assets. The Government will engage with its provincial, territorial, municipal and Indigenous partners, as well as global institutional investors and other stakeholders, and will announce Phase 2 of the long- term plan in the next year. Phase 1 of Canada’s New Infrastructure Plan. Starting with Budget 2. Canadians will see real investments made in their communities. Immediate investments that will create jobs and support clean growth across the country. Phase 1 of the Government’s infrastructure plan proposes to provide $1. Budget 2. 01. 6 puts this plan into action with an immediate down payment on this plan, including: $3. Canada; $5. 0 billion over five years for investments in water, wastewater and green infrastructure projects across Canada; and$3. The Department of Finance estimates that these and other measures announced in Budget 2. Annex 2—Economic Impacts of Budget Measures, for details). This approach is in line with recommendations by the Organisation for Economic Co- operation and Development and the International Monetary Fund, which have argued that governments with the fiscal flexibility to undertake productivity- enhancing investments should do so—both to boost demand in the short term and lay a solid foundation for long- term growth. The Government is also taking action to ensure that Canadians benefit from the better services that more modern, efficient and sustainable federal infrastructure can provide. Budget 2. 01. 6 proposes to provide $3. This funding will also support the clean- up of contaminated sites across the country. In addition to the new funding announced in Budget 2. Government will support the infrastructure priorities of communities across Canada. The Government will: Continue to make available approximately $3 billion each year in dedicated funding for municipal infrastructure projects through the Gas Tax Fund and the incremental Goods and Services Tax Rebate for Municipalities; Work with provincial, territorial and municipal partners to get projects underway, by accelerating spending from the $9 billion available under the New Building Canada Fund’s Provincial- Territorial Infrastructure Component and other existing infrastructure programs; Transfer remaining uncommitted funds from older federal infrastructure programs to municipalities through the Gas Tax Fund in 2. Ensure that Government institutions are aligned to best support infrastructure innovation, including by transferring responsibility for PPP Canada Inc. These investments represent $1. Government’s 1. 0- year commitment. In the coming months, the Government will lay out its longer- term priorities for renewing and modernizing Canada’s infrastructure. Chart 2. 2. Budget 2. Announces Phase 1 of Infrastructure Plan. Building Strong Cities Through Investments in Public Transit. Canadian cities have been growing at a rapid rate, but investment in public transit has not kept pace. This has led to more traffic congestion, and long commutes that make it harder for people to get to work and for families to spend time together. The gridlock that results has a serious financial impact—costing Canada’s economy billions of dollars in lost productivity each year—and is damaging to the environment. To improve and expand public transit systems across Canada, Budget 2. Funding will be provided through a new Public Transit Infrastructure Fund. These investments will help to shorten commute times, cut air pollution, strengthen communities and grow Canada’s economy. Making Immediate Investments in Public Transit. Canadians need immediate investments in their communities’ public transit systems, so that they can get to work on time, and back home at the end of a long day. The Public Transit Infrastructure Fund will make these long overdue investments. Funding will be provided to support projects that will deliver increased capacity, enhanced service or improved environmental outcomes. Projects could include: Upgrades to subway tracks, bridges, signals and switches for the Montreal Metro; Fleet replacement, including the purchase of new subway cars, low- floor buses, and street cars by the Toronto Transit Commission; and. Accelerated design, implementation and construction work for new large- scale projects, such as new light rail transit lines in Greater Vancouver and Ottawa. To get projects moving quickly, the Government will fund up to 5. Funding under the program will be allocated to municipalities based on ridership, as per the table below. Jurisdiction. Share of National Public Transit Ridership. Funding Under the Public Transit Infrastructure Fund. British Columbia. Alberta. 10. 2. 8%$3. Saskatchewan. 0. 8. Manitoba. 2. 4. 5%$8. Ontario. 44. 0. 1%$1,4. Quebec. 27. 3. 5%$9. New Brunswick. 0. Nova Scotia. 0. 9. Prince Edward Island. Newfoundland and Labrador. Yukon. 0. 0. 3%$8. Northwest Territories. Total. 10. 0. 0. 0%$3,3.
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