We’re acting now—and acting with purpose—because the cost of inaction today would be borne chiefly by younger Canadians. We would be leaving them behind. And we cannot—we simply will not—do that. Instead, we will help them realize the promise of Canada with a responsible plan that creates new career opportunities and grows the economy for every generation.
Today, too many young Canadians feel as though the deck is stacked against them. They can get a good job, they can work hard, but far too often, the reward of a middle class life, a life that is secure, comfortable, prosperous, remains out of reach.
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Rechie Valdez, Minister of Small Business, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all. It is a plan to build a Canada that works better for every generation, where younger generations can get ahead, where their hard work pays off, and where they can buy or rent their own home—where everyone has a fair chance at a good middle class life.
To start and scale-up a business, entrepreneurs need access to capital. In the early growth stages, accessing the necessary capital to make investments in their workforce, cutting-edge technologies, and new offices, labs, or manufacturing facilities can be difficult. While some entrepreneurs rely on venture capital or loans, the government recognizes funding is not available to all entrepreneurs, and even when available, may not be sufficient.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Rechie Valdez, Minister of Small Business, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all. Budget 2024 is a plan to build a Canada that works better for every generation, where younger generations can get ahead, where their hard work pays off, and where they can buy or rent their own home—where everyone has a fair chance at a good middle class life.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all.
Budget 2024 lays out a bold strategy to unlock 3.87 million new homes by 2031. This includes a minimum of 2 million net new homes, on top of 1.87 million homes already expected to be built by 2031. Federal actions will support at least 1.2 million new homes, and the federal government is calling on all orders of government to build at least 800,000 more homes by 2031. The federal government’s plan provides incentives for all orders of government, as well as for private and non-profit sector partners, and will build more homes, make it easier to own or rent a home, and help Canadians who can’t afford a home, too.
