NICKEL BELT – GREATER SUDBURY – Budget 2022 addresses many of the top-of-mind priorities shared directly with Nickel Belt MP Marc G. Serré during his engagement with constituents and stakeholders in the riding. MP Serré commends the concrete solutions offered to tackle affordability, a growing concern for many, and investments in critical areas in a measured, modest and responsible way.

Budget 2022 builds upon the longstanding investments in people, families, infrastructure, green technology, and economic growth that has supported Canada through the pandemic and prior. The Federal government is redoubling its efforts to deliver direct support with key funding such as: 

• $5.3 billion to provide dental care for Canadians with family incomes of less than $90,000 annually, starting with under 12 years-olds in 2022, expanding to under 18 years-olds, seniors and persons living with a disability in 2023, with full implementation by 2025
• Doubling support provided through the First Time Home Buyers’ Tax Credit from $750 to $1,500
• Introducing a Multigenerational Home Renovation Tax Credit, which provides up to $7,500 in support for constructing a secondary suite
• $475 million in 2022-23 to provide a one-time, $500 payment to those facing housing affordability challenge
• Key government benefits are also adjusted for inflation over time, including, among others, Old Age Security (OAS), the Guaranteed Income Supplement (GIS), the Canada Child Benefit, and the GST Credit

Some industries such as green technology and mining- both dominant in the local area- showed proof of great resilience during the pandemic and are a catalyst for economic growth. Recognizing this Budget 2022 has earmarked funds to keep the increased momentum. The funds can bolster Nickel Belt’s ability to further grow manufacturing and innovation capacity:

• $2.2 billion over seven years, starting in 2022-23, to Environment and Climate Change Canada to expand and extend the Low Carbon Economy Fund
• $1.5 billion over seven years, starting in 2023-24, for infrastructure investments that would support the development of the critical minerals supply chains
• $8 billion to transform and decarbonize industry and invest in clean technologies and batteries

“Budget 2022 is about putting the best interest of people first and simultaneously leveraging our ability to grow economically. In Budget 2022 consultations, we asked Canadians how they wanted to see themselves supported- and I think many will find a renewed sense of optimism with this sustainable and tailored path forward,” said Serré.

MP Serré was also encouraged to see a large focus on Indigenous priorities and reconciliation. Some of these investments include:

• $209.8 million over five years, starting in 2022-23, to Crown-Indigenous Relations and Northern Affairs Canada to increase the support provided to communities to document, locate, and memorialize burial sites at former residential schools
• $268 million in 2022-23 to continue to provide high-quality health care in remote and isolated First Nations communities on-reserve.

“Approximately eight out of every ten dollars invested to support Canadians and fight COVID-19 has come from the federal government. Investing in people and the things that matter to them is essential and one that I will continue to advocate for. Please know, that fiscal responsibility has been weaved into this plan. The federal government is winding down emergency COVID-19 expenditures and we are implementing an economic trajectory path that ensures federal debt remains on a downward track as a share of the economy,” said Serré.

“I encourage Nickel Belt – Greater Sudbury residents to peruse the Budget 2022 document and find out how it applies to them. As always, I remain open and engaged with constituents, businesses, stakeholders, Chambers of Commerce and trade union leaders and others throughout the riding to bring their feedback to Ottawa,” he concluded.

Link
Budget 2022

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Media Contact
Kaylie Dudgeon
Special Assistant, Marc G. Serré MP for Nickel Belt
[email protected]
705-507-2416