![]() The Government of Canada announced its intention to raise the federal minimum wage to $15/hr., indexed to inflation, “with provisions to ensure that where provincial or territorial minimum wages are higher, that wage will prevail.” This directly affects over 26,000 workers in the federally-regulated private sector. Low-wage workers will receive additional assistance. It further proposes to introduce legislation that would permanently increase OAS payments for recipients aged 75 and over by 10%.Ĥ. The budget proposes $3 billion over five years “to support provinces and territories in ensuring standards for long-term care are applied…” The budget also proposes a one-time payment of $500 in August 2021 to Old Age Security (OAS) recipients aged 75 or over. The budget proposes important support for seniors, including for long-term care and income support. Also, students earning less than $40,000 will now be exempt from making payments on their loans, while the previous threshold had been $25,000. While the value of grants had doubled as a COVID measure, the budget announces that these enhanced amounts will remain in place until July 2023. ![]() The Government of Canada is making the grant system more generous and the loan system more forgiving. The budget announces major changes to financial assistance for post-secondary students. But in order for this to be successful, considerable cooperation will be required from provincial and territorial governments.Ģ. The Government of Canada sets out the following goal: “That, in the next 5 years, Canadian parents across the country have access to high quality early learning and childcare, for an average of $10 a day.” This may be the single most important social policy announcement made by any federal government at any point in the past 25 years. The budget commits “up to $30 billion over five years” for early learning and childcare. The budget includes additional COVID-related measures, a major childcare initiative, and various forms of support for low-income Canadians (including for housing and homelessness).ġ. On April 21, the Trudeau government tabled the 2021 federal budget. La version française de ce billet se trouve ici.
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