Minister Ya'ara Saks highlights budget investments to boost research funding in Canada

WINNIPEG, MB, April 19, 2024 /CNW/ - The federal government recently delivered Budget 2024: Fairness for Every Generation. 

It is a plan to build a Canada that works better for everyone, where younger generations can get ahead, where their hard work pays off, and where they can buy a home?where everyone has a fair chance at a good middle class life.

Today, the Minister of Mental Health and Addictions and Associate Minster of Health, the Honourable Ya'ara Saks, was at the University of Manitoba in Winnipeg to highlight Budget 2024's investments in research funding.

Budget 2024 is a plan to deliver fairness for every generation.

First, the budget takes bold action to build more homes. Because the best way to make home prices more affordable is to increase supply?and quickly. It lays out a strategy to unlock 3.87 million new homes by 2031. Key measures include launching the new Public Lands for Homes Plan and Canada Rental Protection Fund, enhancing the Canadian Mortgage Charter, and creating a new Canadian Renters' Bill of Rights.

Second, it will help make life cost less. The budget builds on the government's transformative expansion of Canada's social safety net?$10-a-day child care, dental care for uninsured Canadians, the first phase of universal pharmacare?and advances the government's work to lower everyday costs for Canadians. This includes helping to stabilize the cost of groceries, cracking down on junk fees, and lowering the costs of banking. Budget 2024 also makes transformative new investments, including a National School Food Program and the Canada Disability Benefit.

Third, this year's budget will grow the economy in a way that's shared by all. The government's plan will increase investment, enhance productivity, and encourage innovation. It will create good-paying and meaningful jobs, keep Canada at the economic forefront, and deliver new support to empower more of our best entrepreneurs and innovators. This includes attracting more investment in the net-zero economy by expanding and delivering the major economic investment tax credits, securing Canada's advantage as a leader in artificial intelligence, and investing in enhanced research grants that will provide younger generations with good jobs and new opportunities. And it means ensuring Indigenous Peoples share in this growth in a way that works for them.

Budget 2024 will also make Canada's tax system fairer by asking the wealthiest to pay a bit more?so that the government can invest in prosperity for every generation, and because it would be irresponsible and unfair to pass on more debt to the next generations. Budget 2024 is a responsible economic plan that upholds the fiscal objectives outlined in the 2023 Fall Economic Statement, and sees Canada maintain the lowest deficit- and net debt-to-GDP ratios in the G7.

"Our government first came to office with a vow to strengthen and expand the middle class. We delivered on that pledge by reducing poverty, especially for children and seniors, and creating millions of good jobs for Canadians. Our work isn't done. Budget 2024 renews our focus on unlocking the door to the middle class for millions of younger Canadians. We'll build more housing and help make life cost less. We will drive our economy toward growth that lifts everyone up. That is fairness for every generation."

The Honourable Chrystia Freeland
Deputy Prime Minister and Minister of Finance

"Budget 2024 is our plan to deliver fairness to every generation. The major new investments to boost research and support researchers will help ensure our universities can attract and support the talent they need to increase capacity and remain on the cutting edge. We will help the next generation of researchers achieve their dreams of a career in science and drive Canada's economy forward, for everyone."

The Honourable Ya'ara Saks
Minister of Mental Health and Addictions and Associate Minister of Health

• Budget 2024: Fairness for Every Generation
• Backgrounder: Fairness for Younger Generations
• Backgrounder: Economic Growth and Productivity

SOURCE Health Canada (HC)