Tuesday, May 11, 2021
Budget Implementation Act, 2021, No. 1
Government Orders
0
Madam Speaker, it would increase by 10% for seniors aged 75 and over, which will help lift more seniors out of poverty.Taken together, our government's ambitious and progressive measures are making a real difference in seniors' financial security. However, we know there is much more work to do. Canadian seniors can always count on the Liberals to listen, understand their needs and work hard to try to deliver for them.Education is the smartest investment anyone can make, and our government is committed, as I mentioned earlier, to making life more affordable for students. To ease new graduates into working life and to make sure they are not prematurely burdened by loan repayments, budget 2019 made the six-month grace period after they finished their education interest-free.During the pandemic, our government imposed a six-month moratorium on all student loan repayments, and committed to a one-year suspension of interest accrual on student loans in 2021-22. The BIA would extend the waiver of interest accrual on Canada student loans and Canada apprentice loans until March 31, 2023.Let me assure Canadians that every little thing we do, or big thing we do, helps a lot of people and relieves their stress levels, as we know what they are going through at this particular time.We are also increasing a threshold for repayment assistance to $40,000 for borrowers living alone, so nobody earning $40,000 per year or less will need to make any payments on their students loans. This will support an estimated 121,000 additional Canadians with student loan debt each year. These measures will ensure that Canada's youth are set up to succeed as we recover from the pandemic.Now, let us talk about a favourite issue of mine, which is child care. I have always enjoyed visiting the local barbecues and events organized in the communities I represent. Getting to see the new families with their children brings a lot of joy to my life.I know I will soon be back at the third annual Tastes and Sounds of Jane and Finch at San Romanoway. I want to see my friends Spider Jones and Mr. Jane and Finch himself, Mr. Winston LaRose. I know they are keeping safe, and I will see them soon.Back to child care, the BIA would authorize $2.9 billion in funding for a transformative investment to build a Canada-wide early learning and child care system. This would drive economic growth, and is a plan to increase women's participation in the workforce—
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