Ottawa, Ontario - In a rapidly changing and uncertain world, the Government of Canada is focused on protecting communities and the country, building the economy with major projects and millions of additional homes, and empowering Canadians with lower costs and new opportunities that will help people get ahead.
On November 4th, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will table Budget 2025 - the government's plan to deliver generational, transformational investments that will grow the economy, empower workers, create high-paying careers, and protect and support those most affected by trade disruptions.
Budget 2025 will launch a Foreign Credential Recognition Action Fund by directing $97 million, over five years, starting in 2026-27, from existing Foreign Credential Recognition Program resources. The Action Fund will help internationally trained workers, particularly in health care and construction, get their skills recognized faster so they can contribute sooner in Newfoundland and Labrador, and across Canada.
Budget 2025 will also invest $75 million over three years, starting in 2026-27, to expand the Union Training and Innovation Program (UTIP). This expansion will support union-led apprenticeship training in Red Seal trades through equipment upgrades, innovative projects that reduce barriers for under-represented groups, helping to meet growing demand for skilled trades across Atlantic Canada.
