Minister Mona Fortier highlights Jobs and Growth investments in Budget 2022 in Sudbury

News release

April 14, 2022 Sudbury, Ontario

Through Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, the Government of Canada makes targeted and responsible investments to create good jobs, grow our economy, and build a Canada where nobody is left behind.

Today, the President of the Treasury Board, the Honourable Mona Fortier, is in Sudbury with Viviane Lapointe, Member of Parliament for Sudbury, to meet with a number of local groups to discuss investments in Jobs and Growth. These organizations include Northern Ontario Angels, the Réseau de soutien à l’immigration francophone du Nord de l’Ontario, l’Université de Sudbury and le Collège Boréal.

Throughout the day, the President will highlight Budget 2022 investments in economic growth and innovation—the key to Canada’s long-term prosperity. These include launching a new world-leading Canada Growth Fund that will attract tens of billions of dollars in private investment in Canadian industries and Canadian jobs, and a new innovation and investment agency that will help drive productivity and growth across our economy. Budget 2022 also proposes to implement Canada’s first Critical Minerals Strategy—one that will create thousands of jobs and capitalize on a growing need for the minerals used in everything from phones to electric cars. Measures also include steps to build more resilient supply chains, and to cut taxes for Canada’s growing small businesses.

Additionally, Budget 2022, is investing in ensuring Canadian workers have the skills they need for the well-paying jobs of today and tomorrow, and will make it easier for the skilled immigrants that our economy needs to make Canada their home. The Budget makes further significant investments in affordable housing and childcare, in our public health care system, and in advancing reconciliation with Indigenous Peoples.

During these meetings, the President will reinforce the importance of official languages across Canada, particularly in minority language communities, and will emphasize that the Government has committed $408.3 million over three years to promote official languages and support the modernization of the Official Languages Act with the goal of achieving substantive equality of Canada's official languages.

Canada entered the pandemic with the lowest net debt-to-GDP ratio of all G7 countries—an advantage that has since increased relative to other countries. Canada has seen the best jobs recovery in the G7, and as of March 2022, has recovered 115 per cent of the jobs lost at the height of the pandemic, with an unemployment rate that sits at just 5.3 per cent—the lowest rate on record since 1976. With Budget 2022, Canada will maintain this leading position, and maintain its fiscally responsible approach to economic growth and to building an economy that works for everyone. Crucially, it upholds the government’s fiscal anchor—a declining debt-to-GDP ratio and the unwinding of COVID-19-related deficits, which will ensure that Canada’s finances remain sustainable in the long-term.


“Budget 2022 is about growing our economy, creating good jobs, and building a Canada where nobody gets left behind. Our plan is responsible and considered, and it is going to mean more homes and good-paying jobs for Canadians; cleaner air and cleaner water for our children; and a stronger and more resilient economy for years to come.”

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

“A strong and prosperous economy requires a diverse, talented, and constantly growing workforce. And yet, too many Canadians still face barriers to finding and retaining meaningful and well-paid work. That is why we are taking significant steps in Budget 2022 to create jobs and prosperity today, and build a stronger economic future for our children.”

The Honourable Mona Fortier, President of the Treasury Board

Quick facts

  • Measures in Budget 2022 include:

    • $84.2 million over four years to double funding for the Union Training and Innovation Program, which would each year help 3,500 apprentices from underrepresented groups—including women, newcomers, persons with disabilities, Indigenous Peoples, and Black and racialized Canadians—begin and succeed in careers in the skilled trades through mentorship, career services, and job-matching;
    • Up to $3.8 billion to implement Canada’s first Critical Minerals Strategy;
    • A proposal to introduce a Labour Mobility Deduction, which would provide tax recognition on up to $4,000 per year in eligible travel and temporary relocation expenses to eligible tradespersons and apprentices—this measure would apply to the 2022 and subsequent taxation years;
    • $11 billion in additional funding to continue to support Indigenous children and their families, and help Indigenous communities continue to grow and shape their futures;
    • A permanent 1.5 percentage point increase in the corporate income tax rate of banking;
    • Significant new investments to protect our land, lakes, and oceans; and
    • $5.3 billion over five years to provide dental care for Canadians with family incomes of less than $90,000 annually, starting with under 12-year-olds in 2022, expanding to under 18-year-olds, seniors, and persons living with a disability in 2023, and with full implementation by 2025. The program would be restricted to families with an income of less than $90,000 annually, with no co-pays for those under $70,000 annually in income.

Related products


Isabella Brisson
Acting Director of Communications and Press Secretary
Office of the President of the Treasury Board

Media Relations
Treasury Board of Canada Secretariat
Telephone: 613-369-9400
Toll-free: 1-855-TBS-9-SCT (1-855-827-9728)
Teletypewriter (TTY): 613-369-9371

Stay connected

Twitter: @TBS_Canada

Page details

Date modified: