WINNIPEG, MB, April 19,
2024 /CNW/ - The federal government recently
delivered Budget 2024: Fairness for Every
Generation.
It is a plan to build a Canada
that works better for everyone, where younger generations can get
ahead, where their hard work pays off, and where they can buy a
home—where everyone has a fair chance at a good middle class
life.
Today, the Minister of Mental Health and Addictions and
Associate Minster of Health, the Honourable Ya'ara Saks, was at the
University of Manitoba in Winnipeg to highlight Budget 2024's
investments in research funding.
Budget 2024 is a plan to deliver fairness for every
generation.
First, the budget takes bold action to build more
homes. Because the best way to make home prices more
affordable is to increase supply—and quickly. It lays out a
strategy to unlock 3.87 million new homes by 2031. Key measures
include launching the new Public Lands for Homes Plan and
Canada Rental Protection Fund, enhancing the Canadian Mortgage
Charter, and creating a new Canadian Renters' Bill of Rights.
Second, it will help make life cost less. The budget
builds on the government's transformative expansion of Canada's social safety net—$10-a-day child
care, dental care for uninsured Canadians, the first phase of
universal pharmacare—and advances the government's work to lower
everyday costs for Canadians. This includes helping to stabilize
the cost of groceries, cracking down on junk fees, and lowering the
costs of banking. Budget 2024 also makes transformative new
investments, including a National School Food Program and the
Canada Disability Benefit.
Third, this year's budget will grow the economy in a way
that's shared by all. The government's plan will increase
investment, enhance productivity, and encourage innovation. It will
create good-paying and meaningful jobs, keep Canada at the economic forefront, and deliver
new support to empower more of our best entrepreneurs and
innovators. This includes attracting more investment in the
net-zero economy by expanding and delivering the major economic
investment tax credits, securing Canada's advantage as a leader in artificial
intelligence, and investing in enhanced research grants that will
provide younger generations with good jobs and new opportunities.
And it means ensuring Indigenous Peoples share in this growth in a
way that works for them.
Budget 2024 will also make Canada's tax system fairer by asking the
wealthiest to pay a bit more—so that the government can invest in
prosperity for every generation, and because it would be
irresponsible and unfair to pass on more debt to the next
generations. Budget 2024 is a responsible economic plan that
upholds the fiscal objectives outlined in the 2023 Fall Economic
Statement, and sees Canada
maintain the lowest deficit- and net debt-to-GDP ratios in the
G7.
Quotes
"Our government first came to office with a vow to strengthen
and expand the middle class. We delivered on that pledge by
reducing poverty, especially for children and seniors, and creating
millions of good jobs for Canadians. Our work isn't done. Budget
2024 renews our focus on unlocking the door to the middle class for
millions of younger Canadians. We'll build more housing and help
make life cost less. We will drive our economy toward growth that
lifts everyone up. That is fairness for every generation."
The Honourable Chrystia Freeland
Deputy Prime Minister and Minister of Finance
"Budget 2024 is our plan to deliver fairness to every
generation. The major new investments to boost research and support
researchers will help ensure our universities can attract and
support the talent they need to increase capacity and remain on the
cutting edge. We will help the next generation of researchers
achieve their dreams of a career in science and drive Canada's economy forward, for everyone."
The Honourable Ya'ara Saks
Minister of Mental Health and Addictions and Associate Minister of
Health
Related products
- Budget 2024: Fairness for Every Generation
- Backgrounder: Fairness for Younger Generations
- Backgrounder: Economic Growth and Productivity
SOURCE Health Canada (HC)