Budget 2017: Empowering Women to Lead in the New Economy
March 29, 2017 – London, Ontario – Department of Finance Canada
Budget 2017 is the next step in the Government's long-term plan to create jobs and strengthen the middle class. Canada is home to a well-educated and highly skilled workforce, but as the demands of the workplace change, so too must the education and skills that workers bring to their jobs. The changes in the economy—both here at home and around the world—present incredible opportunities for the middle class and those working hard to join it.
With its strong focus on innovation, skills, partnerships and fairness, Budget 2017 takes the next steps in securing a more prosperous future for all Canadians.
Today, Finance Minister Bill Morneau met with students at Western University's Ivey Business School in London, Ontario, for a Facebook Live discussion on women and entrepreneurship. Minister Morneau highlighted the important step towards gender equality in Budget 2017 with Canada's first-ever Gender Statement in a federal budget. The Gender Statement will serve as a basis for ongoing, open and transparent discussions about the role gender plays in policy development and how government can better support women, reduce the gender wage gap, and help create a more inclusive workforce.
Budget 2017 continues the Government's smart, necessary investments in people, communities and our economy in a fiscally responsible and sustainable way that ensures that the federal debt-to-GDP (gross domestic product) ratio remains low.
"We know that when women and girls are given the opportunities and tools to succeed, Canada succeeds. As a government, we recognize that the measures we take to increase opportunity affect men and women differently. In this rapidly changing economic environment, the steps we take to empower women to become leaders in business and entrepreneurship will have a real and positive effect for our economy."
- Bill Morneau, Minister of Finance
Budget 2017 supports London and southwestern Ontario by:
- Pursuing major initiatives that promote a more equal labour market, and reduce poverty and violence against women. These include $7 billion towards early learning and child care and over $11.2 billion for a National Housing Strategy over the next 11 years.
- Establishing a National Strategy to Address Gender-Based Violence to help ensure that all Canadians have an opportunity to live in safe, supportive and inclusive communities, through an investment of $100.9 million over five years, beginning now, and $20.7 million per year thereafter.
- Eliminating the $1,000 Labour Market Impact Assessment fee for families seeking to bring medical caregivers into Canada, as well as for middle class families with less than $150,000 in family income seeking to hire caregivers to provide child care.
- Providing more—and better—home care and mental health support for Canadians who need it through a federal offer to provinces and territories of $11 billion over 10 years. Specifically, the Government will provide Ontario with an additional $4.2 billion in the next decade, of which:
- $2.3 billion will be dedicated to better home care, including addressing critical home care infrastructure requirements; and
- $1.9 billion will be allocated in support of mental health initiatives.
Media may contact:
Office of the Minister of Finance
Department of Finance Canada
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