I am pleased to talk about Bill C-14, which would implement important and urgent measures from the Fall Economic Statement, and about the budget, which builds on the measures in Bill C-14 and will be presented to you in due course.
Today, I would like to reiterate some of the key pillars of Budget 2021, and some ways in which Bill C-30 will give concrete help to people in what is still, for far too many Canadians, a time of worry and hardship.
It’s about meeting the urgent needs of today, and about building for the long term. It’s a budget focused on middle class Canadians, and on pulling more Canadians up into the middle class. It’s a plan that embraces this moment of global transformation to a green, clean economy.
Today, I am announcing that the Government of Canada will step in to support Air Canada, its nearly 15,000 active employees, and its customers. This support will be in the form of loans that Air Canada will repay to the federal government; and equity, which will give the Canadian government a stake in the company.
Good morning.
To defeat COVID-19 and get our economy back on track, we need a pan-Canadian approach.
We have to do everything we can to support Canadians who need help. We must take the necessary steps to ensure people’s safety.
That is why, today, I introduced Bill C-25. If enacted by Parliament, this legislation will provide $7.2 billion in critical support to provinces, territories, municipalities, and First Nations communities across Canada.
Today, we are announcing that the government will extend the current rate structures for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support from March 14 to June 5, 2021.
I am so pleased to announce the launch of consultations that will help inform and guide our growth plan and feed into the measures and investments that will make up Budget 2021 – and help Canada build back better.
This fall economic statement outlines the Government of Canada’s measures to fight and defeat COVID-19; to support Canadians through this crisis; and to rebuild Canada’s economy, once the virus is beaten.