Federal Budget 2016: If you're 15 to 24, this is what to look out for
Much was promised to Canada's youth during the election, will it all end up in the budget?
The Liberals clearly targeted youth during the election.
When Prime Minister Justin Trudeau took office he also assumed the role of minister for youth, but whether he will deliver on his campaign promises for that key demographic in the Liberal's first budget remains an open question.
- Trudeau marks 100 days with boost to summer jobs program
- Students wants Liberals to spend $3.3B/yr on free college, university
- Justin Trudeau lays out $1.5B youth employment strategy
If you're aged 15 to 24, here are a few things to be on the look-out for.
First up is Trudeau's election promise to address the ongoing unemployment problems among young Canadians.
According to Statistics Canada, in January 2004 the unemployment rate for 15 to 24-year-olds was 14.5 per cent. Fast forward to January 2016 and despite the ups and downs in between it sat at 13 per cent. Over the same periods the unemployment was about half that for the rest of the population.
To address this disparity, the Liberals said they would spend $300 million a year, for the next three years, to create 40,000 "good youth jobs," including 5,000 so-called "green jobs".
The Liberals also pledged $40 million a year to help employers create more co-op placements for students in science, engineering, technology, math and business.
Then there's the $10 million promised to develop and expand apprenticeships and $25 million for a restored Youth Services Program that would provide young people with experience working on community projects
The Liberals also promised to give a 12-month break on employment insurance premiums to employers who hire someone between the ages of 18 and 24 into a permanent position in 2016, 2017 or 2018.
Justin Trudeau also pledged to bump up Canada Student Grants for low-income students to $3,000 a year for full-time students and $1,800 for part-time students. That's supposed to add an extra $750 million a year in non-repayable grant assistance.
The Liberals said they would pay for that by cancelling the textbook tax credit.
Of course, all of these promises were just promises, made during an election, to find out if this really will be a budget for youth, we'll have to wait for March 22, budget day.
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