Budget 2016 Delivers Big for British Columbia

Media/Press Release
Wednesday, March 23, 2016

Budget 2016 Delivers Big for British Columbia

Trudeau’s first budget brings real change and invests in Canadians
 
FOR IMMEDIATE RELEASE
MARCH 23, 2016
 
OTTAWA and VANCOUVER – The Government of Canada’s Budget 2016 delivers on the government’s commitments to Canadians and British Columbians with more than $6.5 billion in major transfers to BC in 2016-2017, an increase of $322 million over the previous year.
 
“Prime Minister Trudeau maintains a laser-like focus on British Columbia’s citizens and economy,” said Dr. Hedy Fry, MP for Vancouver Centre and Chair of the BC Caucus for the Liberal Party of Canada. “During the last election campaign, we promised to re-open the Kitsilano Coast Guard station, deliver badly-needed infrastructure investments in housing and transit, and invest in our cultural institutions. BC’s Liberal Members of Parliament listened and Budget 2016 delivers on those promises and more.”
 
Budget 2016 for British Columbia:
 
Strengthens the middle class by introducing the Canada Child Benefit to provide an annual tax-free benefit of up to $6,400 per child. Families who earning less than $30,000/year receive the maximum benefit. 
 
Supports seniors by increasing the Guaranteed Income Supplement for single seniors by up to $947 annually.
 
Makes Vancouver’s harbour safer for all citizens, fishers, and commercial traffic by re-opening the Kitsilano Coast Guard base, investing $23.6 million over 5 years for enhanced emergency response.
 
Provides over $460 million for transit in British Columbia – a targeted investment to upgrade and improve transit systems.
 
Expands affordable housing by providing $30 million rent-geared-to-income for households living in social housing. Doubles Canada Mortgage and Housing Corporation budget to provide affordable housing,
 
Provides safe spaces for women with 3,000 new spaces in women’s shelters.
 
Supports aboriginal commercial fisheries by investing $22.1 million in the Pacific Integrated Commercial Fisheries Initiative.
 
Protects BC from climate events by investing $212 million to upgrade the Lions Gate Wastewater Treatment Plant.
 
Strengthens science and research with $32 million for the Centre for Drug Research and Development at UBC.
 
Supports ferry passengers and links communities by eliminating the 25% tariff on ferries imported after October 1, 2015, allowing operators like BC Ferries to reinvest savings in their fleet renewal plans, enhance ferry services and reduce fares for passengers and commercial users.