Discussion · Government Orders
Ryan Turnbull Liberal
“We are making it easier to build big projects and invest in Canada. We created an office to speed up project approvals. We also added tax credits and deductions so businesses can buy new equipment and do research.”
“Mr. Speaker, that question is one that I feel very passionate about answering, because there are many things we are doing on many fronts. The Major Projects Office obviously addresses challenges that this country has faced, in terms of streamlining projects and getting approvals where investment has not been strong enough in Canada. That is exactly the intent of the Major Projects Office, to remove a lot of the barriers for investment to come into Canada and to streamline that process so we can build big things again in this country. That is great news, but it is only part of the picture. In our budget, we moved forward with new investment tax credits and strengthening those, the clean economy investment tax credits. We moved forward with major deductions and immediate expensing for businesses across Canada so they can invest in new machinery and equipment, research and development, protecting their intellectual property and much more. These things help attract investment in this country. That is exactly what we are doing, and the sovereign wealth fund is an example of how we ensure that Canadians can benefit from that.”
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Mr. Speaker, that question is one that I feel very passionate about answering, because there are many things we are doing on many fronts. The Major Projects Office obviously addresses challenges that this country has faced, in terms of streamlining projects and getting approvals where investment has not been strong enough in Canada. That is exactly the intent of the Major Projects Office, to remove a lot of the barriers for investment to come into Canada and to streamline that process so we can build big things again in this country. That is great news, but it is only part of the picture. In our budget, we moved forward with new investment tax credits and strengthening those, the clean economy investment tax credits. We moved forward with major deductions and immediate expensing for businesses across Canada so they can invest in new machinery and equipment, research and development, protecting their intellectual property and much more. These things help attract investment in this country. That is exactly what we are doing, and the sovereign wealth fund is an example of how we ensure that Canadians can benefit from that.