Invest to allow an additional
$1.5 billion in financing to support
small and medium-sized businesses,
including a $350-million capital
investment in the Business
Development Bank of Canada (BDC).
The initiative is expected to help
small and medium-sized businesses
across Canada gain access to
financing. $200 million to National
Research Council’s Industrial
Research Assistance Program to
enable it to temporarily expand
initiatives for small and medium
Outlining legislative changes to
the Navigable Waters Act; making
the necessary changes to facilitate
Strengthening benefits for Canadian workers; $1.9 billion over two
years including five extra weeks of
Employment Insurance benefits.
Changes to EI for up to 10,000
long tenured workers who need time
and financial support to adapt to the
Extending work sharing agreements by 14 weeks, to a maximum of
52 weeks and increasing access to
work sharing agreements.
Eliminating tariffs on a range of
machinery and equipment, which is
expected to lower costs for Canadian
producers in a variety of sectors; recognizing that these sectors must purchase expensive specialized equipment from overseas. This is designed
to enhance productivity of these
operations and improve competitiveness. This measure is expected to
affect close to $2 billion in annual
imports of machinery and equipment
and provide over $440 million in savings for Canadian industry over the
next five years.
Make available to Canadian businesses up to $200 billion in liquidity
and financing to keep the economy
moving. This new financing framework will have several components. It
will extend the insured mortgage
purchase program through the
first half of the next fiscal year to
encourage private sector financial
institutions to increase lending.
Government will also establish a new
Canadian secured credit facility to
help consumers and businesses in
financing the purchase of vehicles
While directly not affecting the
recreation industry, there will be
$217 million to build and improve
core commercial fishing harbours
There are a number of allocations
regarding tourism – $40 million to
the Canadian Tourism Commission;
additional funding for national parks;
and another statement about developing a tourism strategy.
Extend the 50 percent accelerated
CCA rate by two years and provide a
temporary 100 percent CCA depreciation rate for eligible computer hardware and software acquired over the
E co-ra ted marin as are leading the w a y to protecting On tario wa terwa y s.
I sn’t it time yo u did yo ur part.
Your livelihood relies on the environment
Call the OMOA today 705-549-1667