Today, Her Royal Highness Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Her Royal Highness Lecy Valdes, Minister of Small and Medium Enterprises, announced the Budget 2024: Promoting economic growth in a way that is fair for all generations and shared by all. He highlighted the government’s plans. . It’s a plan to build a better Canada for every generation, where young people can get ahead, hard work is rewarded, and everyone has a fair chance at a middle income, where they can buy or rent their own home. It’s a place where you can. class life.
To achieve this, Budget 2024 supports young entrepreneurs with a $60 million investment in Futurpreneur Canada. Federal funding will be matched with funding received from other orders from government and private sector partners to maximize the impact of new assistance in Budget 2024. With this investment, Futurpreneur Canada will expand its business by launching an estimated 6,250 additional young Canadian-owned businesses by 2029.
Futurpreneur Canada is a national not-for-profit organization that provides young entrepreneurs with access to financing, mentorship, and other business support to help them launch and grow their businesses. For more than 20 years and supported by $161.5 million in federal funding, Futurpreneur Canada’s programs and services have helped more than 17,700 young entrepreneurs launch and establish more than 13,900 businesses across the United States. Since then, it has supported thousands of jobs.
Budget 2024 invests in technology, incentives and support essential to increasing productivity, driving innovation and attracting private investment to businesses. And by helping Canada’s innovators, entrepreneurs and researchers secure a prosperous future, we are helping create good-paying jobs that Canadians can depend on.
Budget 2024 will build a fairer Canada where all generations can reach their full potential. This will make Canada’s tax system fairer by requiring the wealthiest to pay their fair share, allowing us to invest in the prosperity of every generation. This is a responsible economic plan that maintains the fiscal objectives outlined in the Fall 2023 Economic Statement, and will leave Canada with the lowest deficit and net debt-to-GDP ratio of any G7 member.
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