Budget 2019: Investing in young Canadians
This report builds on the fact that Budget 2019 was the first to be formally developed under Gender-based Analysis Plus – examining how each budget measure would affect a diversity of Canadians, including young people. Through Budget 2019, the Government proposes to support young Canadians by: Supporting more on-the-job learning opportunities for young Canadians who want relevant, real-world work experience, by creating up to 84,000 new student work placements per year by 2023-24, as well as by building partnerships with businesses to support work placements through the modernized Youth Employment Strategy. Making post-secondary education more affordable by lowering the interest rates on Canada Student Loans and Canada Apprentice Loans, and making the six-month grace period after graduation interest-free. Creating opportunities for young Canadians to travel, work or study abroad and gain skills needed to succeed in a global economy. Supporting Indigenous post-secondary education with measures designed to help First Nations, Inuit and MÃ©tis students obtain the skills and experiences they need to succeed. Improving access to mentorship, learning resources and start-up financing to help young Canadians bring their business ideas to life and to market through Futurpreneur Canada. Creating meaningful service opportunities through the Canada Service Corps for young Canadians to learn new skills, gain leadership experience and contribute to their communities. Making homeownership more affordable for first-time buyers by introducing the First-Time Home Buyer Incentive, a shared equity mortgage program that would reduce the monthly payments required to own a home. With Budget 2019, the Government is investing in ways to prepare young Canadians for their future, helping them succeed for years to come.