Federal budget aims to heal wounds left by COVID-19
2021 Federal Budget
On April 19, our government tabled the 2021 Federal Budget. This budget is about finishing the fight against COVID-19, healing the wounds left by this pandemic, and creating more jobs and prosperity in the days and decades to come. Budget 2021 puts people first, ensuring strong economic growth and building a future that is more equitable, greener and more prosperous for Canadians.
For a full list of Budget 2021 investments, visit: budget.gc.ca/2021
Health Care and the Pandemic
The government of Canada’s top priority remains protecting Canadians’ health and safety, particularly during this third, aggressive wave of the virus. Vaccine rollout is underway across Canada, with federal government support in every province and territory.
Budget 2021 will invest $2.2 billion over seven years towards growing a vibrant domestic life sciences sector, a $4 billion one-time top-up to the Canada Health Transfer, and $3 billion over five years, starting in 2022-23, to help shape national standards for long-term care.
Job Creation and Small Businesses
We said we will have Canadians’ backs and we will extend business and income support measures through to the fall. Budget 2021 makes a number of historic investments to create jobs and help businesses come roaring back.
The budget will: support almost 500,000 new training and work opportunities, including 215,000 opportunities for youth; support businesses in our most affected sectors such as tourism and arts and culture; and accelerate investment in digital transformation of small and medium-sized businesses.
Budget 2021 also contains a plan that puts the government on track to meet its commitment to create 1 million jobs by the end of this year.
Early Learning and Child Care
One of the key tenets of Budget 2021 is the transformative investment to build a Canada-wide early learning and child care system. This is a plan to drive economic growth, increase women’s participation in the workforce, and offer each child in Canada the best start in lif
Our Canada-wide early learning and child care system will aim to reduce fees for parents with children in regulated child care by 50 per cent on average by 2022, with a goal of reaching $10 per day on average by 2026, everywhere outside of Quebec.
A Greener and Cleaner Future
Budget 2021 is also a plan for a green recovery that fights climate change, helps Canadians make their homes greener, builds a net-zero economy by investing in technologies that make industry cleaner and reduces pollution, helps Canada reach its goal of conserving 25 percent of our lands and oceans by 2025, and creates good middle-class jobs in the green economy.
Scarborough Subway Extension
On May 11, Prime Minister Justin Trudeau announced a federal investment of $2.26 billionfor the construction and completion of theScarborough Subway Extension. Since 2015, members of the Scarborough Federal Liberal Caucus have been advocating extensively for the development of rapid transit in our shared community.
This extension is an important step forward in our effort to achieve transit equity for the over 630,000 residents who call Scarborough home. Extending eastbound from Kennedy Station, the Scarborough Subway Extension will add nearly eight additional kilometres in Scarborough and the development of three additional stops proposed at: Lawrence Ave. E., Scarborough Centre and Sheppard Ave. E.
This historicinvestment builds upon our government’s pledge to shape transformative change in communities across the country.
Although our constituency office remains closed, my team is ready to support you and your family with information about federal support programs and services. If we can be of any assistance, please contact us at 416-283- 1414 or email@example.com.