Mark Gerretsen
Mark Gerretsen
Member of Parliament for Kingston and the Islands
April 20th- Highlights from Budget 2021

Dear Community, 

"The budget is about finishing the fight against COVID-19. It's about healing the wounds left by the COVID-19 recession. And it's about creating more jobs and prosperity for Canadians in the days - and decades - to come."

 ~ Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland

Just yesterday, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, tabled Budget 2021 which laid out our Government's plan to help Canadians recover from the COVID-19 Pandemic. It makes historic and targeted investments to protect Canadians and their families, create jobs, protect our environment and set businesses on track for long-term growth - all while rebuilding a stronger, and greener, economy.

I wanted to take some time today to share with you some of the highlights and specific investments noted in the Budget that I am particularly excited about.  

👧 $30B to achieve $10/Day Child Care within 5 years

🧓 $3B to support Long Term Care Facilities and increase Old Age Security (OAS) 

👩🏻‍🎓 $5.7B to make College and Universities more accessible

💰 $12B to extend the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy

📈 Creating 1M jobs by the end of 2021

💵 Increasing federal minimum wage to $15/ hour

➡️ $18B towards narrowing the gap between Indigenous and non-Indigenous communities

➡️ $595M towards the Canada Recovery Hiring Programs for Small and Medium Businesses

🏭 $12B towards rebuilding Biomanufacturing in Canada

➡️ $2.5B to implement a National tax on Vacant Properties owned by Non-Canadians

🚆 Funding VIA Rail Canada with $491.2M over 6 years to support a High Frequency Rail Project

🌆 $6B towards infrastructure 

Since the onset of the COVID-19 Pandemic, the Government's top priority has been to protect the health and well-being of Canadians by doing whatever it takes to keep us safe. The 2021 Budget lays out a clear plan to move Canadians forward, through investments in childcare, public transit, infrastructure and supports for small and medium sized businesses, with a focus on economic recovery.

Fun Canadian Fact - Did you know that it has become a tradition that the Minister of Finance purchases a new pair of shoes to wear while presenting the Budget? According to The Toronto Star, Chrystia Freeland (our first female Minister of Finance) "kicked it up a notch" by purchasing a new pair of heels for the occasion.  

If you are interested in reading the Budget, you can access the full text here. As always, please do not hesitate to contact my office if you have any questions or feedback about this Budget or any other federal matters. My team and I are here to help.

Best wishes, and stay healthy!

Mark

Mark Gerretsen, MP

Kingston and the Islands 

 

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