Finance Minister Chrystia Freeland introduced Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021, and other measures, in Parliament April 30. The government’s $101.4-billion spending plan includes money to create a Canadawide early learning and child-care system, increases Old Age Security (OAS) for seniors age 75, enhances EI sickness benefits and creates an emergency top up of $5 billion for provinces and territories to help address immediate health-care system pressures.
Finance Minister Chrystia Freeland
The budget also extends some of the major COVID-19 support programs, such as the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS), and creates new programs such as the Canada Recovery Hiring Program which will help businesses with the costs of hiring new workers.
Prime Minister Justin Trudeau, who heads a minority government, urged all the parties in the House of Commons to get together to pass the budget as soon as possible.
Prime Minister Justin Trudeau
Freeland said the budget is about “making concrete, targeted investments to heal the wounds of COVID-19 and put Canada on a long-term track towards higher growth and greater prosperity.” She also echoed Trudeau’s plea to the other political parties to get the bill through Parliament swiftly.
“The legislation takes significant steps to drive future growth investing in our social infrastructure and our physical infrastructure, and in our human capital and our physical capital,” she said. “This budget will make a measurable difference in the lives of millions of Canadians.”
More information about the budget can be found here.
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