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Decentralized Democracy

House Hansard - 304

44th Parl. 1st Sess.
April 29, 2024 11:00AM
Context: House Hansard - 304 - Apr/29/24
Hon. Joyce Murray (Vancouver Quadra, Lib.)
  • Apr/29/24 1:09:50 p.m.
  • Watch
Mr. Speaker, I will be sharing my time with the member for St. Catharines. I will take this opportunity to highlight some of the transformative measures in our recent 2024 budget. A fair chance to build a good middle-class life, to do as well as your parents or better, has always been the promise of Canada. Today, for too many younger Canadians, that promise is not being fulfilled. Millennials and gen Z Canadians have so much talent and potential, and they need to see and feel that our country can work for them and that the promise of Canada can still be reached. We know that Canada's success depends in large part on creating opportunities for each generation. Budget 2024 will make strategic investments that will create opportunities for workers today, driving productivity and economic growth for generations to come. We are giving our children the best start in life. We know that we have to start early when it comes to preparing our children to succeed. That is why, for example, budget 2024 commits to powerful investments such as $1 billion over five years for the new national school food program, which is expected to provide meals for more than 400,000 children every year. The budget would also strengthen the affordable Canada-wide early learning and child care system, which is helping young parents, many of them millennials, to pursue their careers thanks to significantly lower fees. Budget 2024 would improve access by providing $1 billion in low-cost loans and $60 million in non-repayable grants to help build additional affordable child care spaces. The budget would also offer student loan forgiveness for early childhood educators who work in rural and remote areas. With regard to coding skills for kids, starting in the early years, budget 2024 would help prime our children for success in science, technology, engineering and mathematics. The budget is committing $39.2 million over two years to advance the next phase of CanCode, a federal program that, since its launch, has helped over 4.5 million students from kindergarten through grade 12 to develop coding and digital skills. CanCode is helping young people unlock future opportunities in the increasingly digital global economy. Next is increasing students grants and loans. There is even more, including support for young Canadians who are pursuing their career dreams. Budget 2024 will restore generational fairness by facilitating access to post-secondary education, investing in the skills of tomorrow and creating new opportunities for young Canadians. Since 2016, the federal government has supported an average of 638,000 post-secondary students per year with $38.4 billion in up-front grants and interest-free loans, making it possible for young Canadians to continue their education, regardless of their origins. This is real progress, and budget 2024 promises even more. The budget proposes to extend for an additional year the increase in full-time Canada student grants from $3,000 to $4,200 a year and interest-free Canada student loans from $210 to $300 per week, an estimated total investment of $1.1 billion in 2024-25. With this change, Canada student grants will have doubled in size since 2014. These are powerful steps that would empower so many young Canadians. Then there is investing in homegrown research talent. Canada's post-doctoral students and researchers are addressing some of the biggest global challenges. The solutions that they are proposing have the potential to make the world a better place and enhance Canada's prosperity. They represent the academic and scientific excellence of tomorrow in Canada. They will create new innovative businesses, develop new ways of increasing productivity and create jobs as they grow their businesses, if they get the support they need. To foster the next generation of research talent, budget 2024 proposes to provide $825 million over five years starting in 2024-25, with $199.8 million a year ongoing to increase the annual value of master's and doctoral student scholarships to $27,000 and $40,000 respectively, and post-doctoral fellowships to $70,000. This would address a real barrier. There are jobs and skills training for gen Z. Gen Z is a diverse group, from those starting to think about their future career years now to those just starting their first full-time jobs. Budget 2024 commits to investing $351.2 million to create 90,000 youth job placements and employment support opportunities. These investments include $200.5 million to create well-paying summer job opportunities through the Canada summer jobs program and $150.7 million to provide job placements and employment supports through the youth employment and skills strategy. The budget would empower young entrepreneurs. Budget 2024 does even more to create a bright future for Canadian youth. To empower young entrepreneurs, budget 2024 commits to investing $60 million over five years in Futurpreneur Canada, a national non-profit organization that provides young entrepreneurs with access to financing, mentorship and other business supports to help them launch and grow their businesses. Futurpreneur will match this federal investment with funding from other levels of government and private sector partners. This will have a significant impact. By 2029, Futurpreneur estimates that this investment will enable 6,250 additional youth-owned businesses to launch and scale up. We are also launching a new mental health fund. Budget 2024 also aims to improve the well-being of young Canadians to ensure that they have what they need for a happy, healthy start to their adult lives. Young Canadians face high levels of stress and mental health challenges, including depression and anxiety. Many of them are still in school or just starting their careers and are struggling with the costs of private mental health care. To help younger Canadians access the mental health care they need, budget 2024 proposes $500 million over five years to create a new youth mental health fund. The actions I have just described are only some of budget 2024's bold measures to help younger Canadians achieve their dreams. We are building an economy where every Canadian can reach their full potential, where every entrepreneur has the tools they need to grow their business and where hard work pays off. With budget 2024, we will give young Canadians the opportunity to excel in an ever-changing economy. In everything we do, we strive to keep the promise of Canada within the reach of our younger generations because that is what they have earned and that is what they deserve. That is what parents and grandparents want for young people, too. As the member of Parliament who has the good fortune of representing the University of British Columbia, I have been hearing about these challenges, but also the appreciation of the support that students have been receiving from our government over the past number of years.
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