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Member of Parliament

Anju Dhillon

  • Member of Parliament
  • Liberal
  • Dorval—Lachine—LaSalle
  • Quebec
  • Voting Attendance: 68%
  • Expenses Last Quarter: $103,608.23

  • Government Page
Context: House Hansard - 305 - Apr/30/24
Ms. Anju Dhillon (Dorval—Lachine—LaSalle, Lib.)
  • Apr/30/24 12:04:36 p.m.
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Madam Speaker, I am honoured to speak today about the 2024 budget, our plan to ensure fairness for every generation. Our government firmly believes that everyone deserves to get ahead, including our young people. Unfortunately, we find that too many young Canadians are struggling to be as successful as their parents. It is clear that young people are not being rewarded for their hard work the way previous generations were and that their paycheque is simply not enough to keep up with the current increase in the cost of living. Obviously, this means that our young people are finding it increasingly difficult to save enough to make their dreams a reality. Needless to say, this is very concerning to our government. That is why we are moving forward in budget 2024 with numerous measures to ensure that our young people have a fair chance at success and to give them the means to make their dreams come true. To ensure fairness, we must support one another at every stage in life and invest in one another. We feel that children deserve to get off to the best possible start in life. However, today, nearly one in four children in Canada do not have enough to eat, which harms their health, their learning and their development. That is obviously a serious problem. That is why, in budget 2024, we are proposing a new national school food program. With an investment of $1 billion over five years, we aim to provide meals to 400,000 children every year, in addition to those served by existing school food programs. I am very happy that we are able to give our children a helping hand as they make their start in life. It is precisely because we wish to offer children the best possible start in life that we have also created a Canada-wide early learning and child care system. Right now, all of Canada’s provinces and territories are already offering or on the verge of offering $10-a-day child care. Before the Canada-wide system was implemented, child care costs were on par with monthly rent or even mortgage payments, making it difficult to start and support a family. It forced many parents, mothers in particular, to make the impossible choice between pursuing a career and staying at home with the children. It was heartbreaking. It is interesting to note that women’s participation in the workforce reached record levels after the system was implemented. However, even today, too few families have access to affordable child care. That is why we are building more spaces, as well as taking measures to ensure that even more will be built. In the budget, our government proposes launching a new child care expansion loan program, which will provide $1 billion in low-cost loans and $60 million in non-repayable contributions. This program will allow public and not-for-profit child care providers to build new child care spaces and renovate their existing child care centres. We propose offering student loan forgiveness for rural and remote early childhood educators. This represents a $48-million investment over four years. Again with the aim of making sure that our young people have a fair chance of succeeding, we also propose measures to train young Canadians and enable them to acquire a rewarding work experience. For example, we propose increasing, for another year, the Canada student grant for full-time students, raising it from $3,000 to $4,200 annually, as well as interest-free Canada student loans, which will increase from $210 to $300 per week. Also, we propose to invest over $207.6 million in 2025-26 in the student work placement program to help create more work placement opportunities for students. This is an excellent way for post-secondary students to launch their career and get their first professional experience. When we talk about rewarding hard work, we are also talking about housing, of course. We fully understand that housing is one of the key concerns facing young people today. This is particularly true for renters, who feel that the deck is stacked against them. That is why budget 2024 proposes measures to support and protect tenants. For example, we want to launch a new tenant protection fund worth $15 million to fund legal aid and tenants’ rights advocacy organizations. We want tenants’ credit ratings to reflect on-time rent payments. Renters deserve to have their credit rating take into account the money they have spent on rent over the years, particularly when they submit a mortgage application to buy their first home. This brings me to the dream of many young Canadians to purchase their first home. While this dream may seem out of reach today for too many young Canadians, we fully understand that the difficult struggle to pay for a down payment and obtaining an affordable mortgage is among the greatest pressures weighing on young Canadians right now. That is why we would like to enhance the Canadian mortgage charter to make home ownership easier. The budget also proposes to increase the home buyers' plan withdrawal limit from $35,000 to $60,000 for those saving for a down payment on their first home. This increase will enable first-time home buyers to use the tax benefits of an RRSP to save up to $25,000 more for their down payment. This enhanced version of the plan will operate alongside the tax-free first home savings account, or FHSA, which allows Canadians to make contributions of up to $8,000 annually and save up to $40,000 for their first down payment. I am pleased to note that over 750,000 Canadians have opened this type of savings account since it was launched only a year ago. Together, these two plans will make it easier to save for a down payment and will improve access to home ownership. We also want to allow 30-year mortgage amortizations for first-time buyers of new builds, starting on August 1, 2024. We will enhance the Canadian mortgage charter, including expectations for permanent mortgage relief measures, where appropriate, to further assist those struggling with their mortgages. Also, to further assist first-time homebuyers, budget 2024 proposes that people who have withdrawn or will withdraw an amount from their HBP between January 1, 2022, and December 31, 2025, will be entitled to a three-year extended repayment grace period. These homebuyers will now have up to five years to begin the repayment process. Our government has a plan to build more housing faster, make it more affordable, develop community housing sectors and make it easier to rent or buy a home.
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