Question Period Note: BUDGET 2024: Fairness for every generation

• Budget 2024 made substantial investments of over $2.2 billion to grow our ocean economy, create well-paying local jobs in Canadian fisheries, and advance reconciliation.
• The Government invested over $463.3 million to support the fisheries industry through maintenance of small craft harbours.
• We are continuing to ensure commercial vessels and recreational boaters can safely navigate our waters and to be there to save lives and protect our environment when emergencies arise by investing over $397 million in the Canadian Coast Guard for the effective operation of its future marine vessel fleet.
• We are investing over $33 million to promote prioritize rebuilding of fish stocks and restoring habitats.
• The Government is supporting hard working fishers by allowing exemptions at a higher amount of capital gains from taxation for their fishing property, and extending EI for seasonal workers.
• Finally, we are meeting our commitments to Indigenous peoples to advance reconciliation by providing funding to conclude agreements between Canada and First Nations in British Columbia.

Small Craft Harbours
• Budget 2024 proposes to provide $463.3 million over three years to repair and maintain small craft harbours, including those damaged by Hurricane Fiona.
• This investment will support local economic development for generations to come, particularly benefitting Canadians working in the fisheries, aquaculture, tourism, construction, and marine engineering sectors.
Fleet Renewal
• Budget 2024 proposed funding proposed $397M over five years for Fisheries and Oceans Canada to ensure the Canadian Coast Guard has the necessary training capacity, seagoing crew, support staff, and provisions to operate its future marine vessel fleet.
Fish Stock Rebuilding
• Budget 2024 proposes $33 million over five years for DFO to support fish stock assessments and rebuild depleted fish stocks, in support of Fisheries Act requirements.
Marine Conservation Targets
• Budget 2024 announces that the government is establishing the new Central Coast National Marine Conservation Area Reserve in British Columbia, and proposes to provide $109.6 million and $10.7 million per year ongoing, for its creation and operation.
 

None