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

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
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...