News

Budget will boost economy — Lunney

Thursday’s federal budget will provide a significant boost to the B.C. economy, said Nanaimo-Alberni MP James Lunney.

“Overall, B.C. will benefit from $5.6 billion in health and social transfers,” Lunney said.  “These measures will help keep Canada competitive and keep us on track for balanced budgets by 2015.”

Lunney said a hiring credit for small business of $1,000 per year will benefit about 536,000 employers. As well, he said, there are incentives for apprentices in Red Seal trades up to $4,000 for tools, tuition and travel expenses.

“Improvements to EI and temporary foreign workers programs will help connect Canadians, including seniors, to available jobs,” he said, noting as well that the budget includes $50 million for a Youth Employment Strategy.

Coastal communities will benefit, he said from renewal of the Coast Guard vessel and helicopter fleet, which will pump $5.2 billion over 11 years.

 

Changes to the Old Age Security, he added, will make the system sustainable for future retirees and will be phased in starting in April 2023, raising the age of retirement from 65 to 67 by 2029.

 

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

RDN wary of tower, smart meters
 
Have a safe and happy Halloween in Parksville Qualicum Beach!
 
Judge rejects Ebola quarantine for nurse
Ride-sharing company spooks taxi firms
 
Teacher strike cheques in the mail
 
Woman assaulted, male suspect arrested
B.C. lawyers vote to overturn Christian law school recognition
 
Wheels in motion
 
Shovel in the dirt closer

Community Events, November 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 30 edition online now. Browse the archives.