Welcome!

News Feed Item

Industry Minister James Moore Discusses Benefits of Economic Action Plan 2014 for British Columbia

Highlights initiatives to protect Canadian families while investing in innovation and research

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/14/14 -- Office of the Minister of Industry

Industry Minister and Minister Responsible for British Columbia James Moore today addressed members of the Vancouver Board of Trade to underscore Economic Action Plan 2014 and what it means for jobs and growth in British Columbia. Minister Moore highlighted measures that will help Canadian families, empower consumers and support sectors of the economy to foster jobs, growth and innovation. Economic Action Plan 2014 contains no new taxes for families and businesses and continues to ensure that government spending is as efficient and effective as possible.

Minister Moore outlined new tax relief measures that build on the government's strong record of lowering taxes for Canadian businesses and families. These tax relief measures put money directly into the pockets of Canadians, so they can invest in the economy and have more choices in how they live their lives.

Minister Moore discussed specific measures from Economic Action Plan 2014 including:

--  Introducing the Search and Rescue Volunteers Tax Credit, acknowledging
    the valuable contributions of search and rescue volunteers, such as the
    late Tim Jones of North Shore Search and Rescue

--  Supporting World-Class Physics Research by investing $222 million to the
    TRIUMF physics laboratory at the University of British Columbia to
    support world-leading research and international partnerships

--  Improving Broadband Internet in Rural and Northern Communities by
    investing $305 million to extend and enhance broadband service for up to
    an additional 280,000 Canadian households.

--  Increasing Competition in the Telecommunications Market by amending the
    Telecommunications Act to cap wholesale domestic wireless roaming rates

--  Supporting Families by enhancing tax relief for families adopting a
    child, removing the GST/HST on health care products and services, and
    expanding tax relief under the Medical Expense Tax Credit

--  Making Landmark Investments in Research and Innovations by committing
    $1.5 billion over the next decade for research at universities through
    the Canada First Research Excellence Fund

--  Standing Up for Victims of Crime by implementing the Victims' Bill of
    Rights and providing funding for a DNA-based missing persons index

--  Supporting the Forestry Industry by investing over $90 million in the
    Forest Industry Transformation program to advance cutting-edge
    technologies to enhance the competitiveness of Canada's wood products
    and pulp and paper sectors

--  Supporting Students and Interns by renewing the Computers for Schools
    program with a $36-million investment to continue to provide students
    and interns with computers, helping them get the skills they need to
    succeed in today's modern economy

--  Sustaining Canada's National Parks by providing over $390 million to
    Parks Canada to make improvements to highways, bridges and dams located
    in our national parks and historic canals across Canada, including
    repairs to the Trans-Canada Highway passing through Glacier National
    Park in British Columbia

--  Increasing Support for Health Care and Social Programs for British
    Columbia to record levels

Quick Facts

--  Canada is the only G7 country to have more than fully recovered business
    investment lost during the recession.

--  Over 1 million net new jobs have been created in Canada (of which over
    85 percent are full-time and nearly 80 percent are in the private
    sector) since the end of the recession in July 2009. This is by far the
    strongest job growth in the entire G7 over this period. Canadians have
    also enjoyed the strongest income growth in the G7.

--  Since 2006, our government has cut taxes nearly 160 times, reducing the
    overall tax burden to its lowest level in 55 years.

--  Our government's strong record of tax relief means savings of nearly
    $3,400 for a typical family of four in 2014.

Quotes

"Our low-tax plan is supporting businesses and families across British Columbia. Since 2006, our government has cut taxes nearly 160 times, putting $3,400 back into the pockets of hard-working Canadian families and helping job-creating businesses. Economic Action Plan 2014 will help create jobs, keep the economy growing and return Canada to balanced budgets. Our government is focused on what matters most to Canadians and, with the help of Canada's Economic Action Plan, British Columbia is well positioned to grow for many years."

- James Moore, Industry Minister

Contacts:
Jake Enwright
Press Secretary
Office of the Minister of Industry
613-995-9001

Media Relations
Industry Canada
613-943-2502
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...