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House Hansard - 300

44th Parl. 1st Sess.
April 16, 2024 10:00AM
Context: House Hansard - 300 - Apr/16/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/16/24 4:20:42 p.m.
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With the Canada growth fund and our $93-billion suite of investment tax credits, we are already encouraging businesses to invest in emerging clean technologies that can drive growth and productivity and create more good paying jobs. Today we are proposing a new investment tax credit to attract companies investing across the electric vehicle supply chain. Canada boasts an abundance of natural resources. We intend to leverage this national advantage to build entire supply chains, and our new investment tax credit will encourage precisely that. We are investing over $5 billion in Canadian brain power. More funding for research and scholarships will help Canada attract the next generation of game-changing thinkers pursuing excellence. We are building on our track record of making it more affordable to go to college and university by renewing the increase in upfront Canada student grants and interest-free loans, increasing the amount of financial aid students get for housing and making it easier for mature students to go back to school affordably. All of this is on top of our campaign promise to eliminate interest on Canada student loans, which we delivered on a year ago. Our new Canadian entrepreneurs' incentive will ensure entrepreneurs get to keep a bigger share of the profits from the risks they take and the hard work they do and have more money to reinvest into their next venture. A prosperous future and abundant good paying jobs depend on Canada’s innovators, entrepreneurs and researchers. That is why we are supporting them. There are those who claim that the only good thing government can do when it comes to economic growth is to get out of the way. I would like to introduce those people who just cheered to the talented tradespeople and the brilliant engineers who, last Thursday, made the final weld, known as the golden weld, on a great national project: the Trans Mountain pipeline.
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