The federal government releases Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience

Domain: Economy
Government:Federal, Provincial/Territorial
Tags:Family Finances, Budget

The federal government releases Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.

Highlights include:

  • Establishing a Canada-wide early learning and child care system, in partnership with provincial, territorial, and Indigenous partners, which will help all families access affordable, high-quality, and flexible child care. The budget proposes new investments totaling up to $30 billion over the next five years. Combined with previous investments, a minimum of $9.2 billion per year ongoing will be invested in child care, starting in 2025–2026. Read more
  • $117 million in 2021–2022 to renew the Indigenous Community Business Fund. This will ensure First Nations, Inuit and Métis Nation communities can continue to provide services and support jobs for their members through collectively owned businesses and microbusinesses affected by the COVID-19 pandemic. Read more
  • $200 million over two years, starting in 2021–2022, to enhance the capacity and responsiveness of organizations such as sexual assault centres, women’s shelters and other organizations that provide critical and often life-saving services and supports for women, girls, LGBTQ2 and gender non-binary people experiencing gender-based violence. Read more
  • Over $5.7 billion over the next five years to help young Canadians – including from low-income households – pursue and complete their education, to provide additional relief from student loan debt for young graduates, and to create 215,000 new job skills development and work opportunities. Read more
  • Support for women, Black Canadians and other underrepresented entrepreneurs who face barriers to launching and owning businesses through $300 million to enhance initiatives like the Black Entrepreneurship Program and the Women Entrepreneurship Strategy. Read more
  • $2.5 billion, and reallocation of $1.3 billion, to speed up the construction, repair or support of 35,000 affordable housing units across the country. Read more

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