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Minister Khera highlights budget investments to build Canada's 21st-century clean economy Français


News provided by

Employment and Social Development Canada

Apr 05, 2023, 14:29 ET

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MISSISSAUGA, ON, April 5, 2023 /CNW/ - Today, the Honourable Kamal Khera, Minister of Seniors, and Member of Parliament Charles Sousa were in Mississauga to highlight Budget 2023's investments in affordable energy, good jobs and a growing clean economy, which includes a set of clear and predictable investment tax credits.

The Minister highlighted how Budget 2023 makes transformative investments to build Canada's clean economy, fight climate change and create new opportunities for Canadian businesses and Canadian workers. This includes allowing the Canada Infrastructure Bank to invest at least $20 billion to support the building of major clean electricity and clean growth infrastructure projects, providing $3 billion over 13 years to support clean electricity projects, and securing major battery manufacturing in Canada. The Minister also highlighted the introduction of a new suite of tax credits for investments in clean electricity, hydrogen, manufacturing and carbon capture technologies. These significant measures will deliver cleaner and more affordable energy, support investment in our communities and foster the creation of good-paying jobs.

Canada has made a remarkable recovery from the COVID recession. Canada's economic growth was the strongest in the G7 over the last year, and today, 830,000 more Canadians are employed than before the pandemic. Inflation in Canada has fallen for eight months in a row and our unemployment rate is near its record low. Supported by a Canada-wide system of affordable early learning and child care, the labour force participation rate for women aged 25 to 54 reached a record high of 85.7% in February.

Budget 2023 builds on this important progress.

To strengthen Canada's universal public health care system, the Budget delivers $198.3 billion, including $77 billion in Ontario, to reduce backlogs, expand access to family health services, and ensure provinces and territories can provide the high-quality and timely health care Canadians expect and deserve. Budget 2023 also introduces the new Canadian Dental Care Plan. It will help up to 9 million Canadians and ensure no Canadian has to choose between taking care of their health and paying the bills at the end of the month.

With a responsible fiscal plan that will see Canada maintain the lowest deficit and the lowest net debt-to-GDP ratio in the G7, Budget 2023 will help to build a Canada that is more secure, more sustainable and more affordable for people from coast to coast to coast.

Quotes

"I have never been more optimistic about the future of our country than I am today. Budget 2023 will deliver: new, targeted inflation relief for the Canadians who need it most; stronger public health care, including dental care for millions of Canadians; and significant investments to build Canada's clean economy. At a challenging time in a challenging world, there is no better place to be than Canada."
– The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

"Through our made-in-Canada plan in Budget 2023, we are investing in clean technology to secure good-paying jobs of the future right here in Canada. Canadian businesses, such as Electrovaya, that are at the forefront of developing the battery industry within the country will help grow a clean Canadian economy, deliver on good, middle-class jobs and provide access to affordable energy. These investments will therefore not only create jobs, but will also help make the world a cleaner and better place for future generations."
– The Honourable Kamal Khera, Minister of Seniors

"By investing in reliable and low-cost clean electricity, Budget 2023 is helping to create hundreds of thousands of good-paying, middle-class jobs, in addition to providing more affordable energy to millions of homes across Canada. Canadian companies like Electrovaya here in Mississauga–Lakeshore are leading the way in the global transition to green energy and a clean economy."
– Charles Sousa, Member of Parliament for Mississauga–Lakeshore

"We are delighted to have Minister Khera and MP Charles Sousa visit our laboratory where Electrovaya is researching on the next-gen solid-state battery and developing new critical materials (doped perovskite lithium ion conductor)."
– Dr. Raj DasGupta, CEO, Electrovaya

Associated Links

Budget 2023 – A Made-in-Canada Plan: Strong Middle Class, Affordable Economy,

Healthy Future

Budget 2023: Remarks by the Deputy Prime Minister and Minister of Finance

Backgrounder: Stronger Public Health Care

Backgrounder: Making Life More Affordable

Backgrounder: An Affordable Place to Call Home

Backgrounder: A Made-in-Canada Plan: Affordable Energy, Good Jobs and a Growing Clean Economy

Backgrounder: Advancing Reconciliation

Backgrounder: Stronger and More Inclusive Communities

Backgrounder: Improving Service Delivery

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SOURCE Employment and Social Development Canada

For media enquiries, please contact: Alisson Lévesque, Press Secretary, Office of the Honourable Kamal Khera, Minister of Seniors, [email protected]; Media Relations Office, Employment and Social Development Canada, 819-994-5559, [email protected]

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Employment and Social Development Canada

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