Hunter River – Honourable Wayne Easter, Member of Parliament for Malpeque, was pleased to see the government of Prince Edward Island release a budget today that was focused on families and workers in PEI, and builds on federal budget priorities.
“The investment of over $32 million in healthcare to improve access to mental health services, increase long-term care bed capacity and more full-time positions at Island hospitals are major improvements for Islanders,” Easter said. “I’m also pleased to see that small businesses, a vital part of the Island economy, will reap the rewards of a lower tax rate in both the province and federally this year. The federal rate will drop to 10% in 2018 and by 2019 will be at 9%.”
The PEI government’s commitment to up to 400 additional child care spaces and $1.2 million in child care subsidies will help families in addition to the Canada Child Benefit. Introduced in 2015, the Canada Child Benefit helped over 7000 children with an average yearly benefit of $6,340, totalling $24,339,000 for benefit year 2016-2017. Families will also see additional help with post-secondary education costs from both the federal Budget 2018 and the province.
“Increases to tuition grants, the creation of a Small Business Investment Grant, and the new Rural Growth Strategy will improve the lives of Islanders. The province’s plan complements the federal government’s Budget 2018 well and because of this, Islanders can expect to see our growth and economic development continue into the years ahead,” Easter said.
Media Inquiries Office of Wayne Easter