In a rapidly changing and uncertain world, Canada's new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build - and we are building Canada Strong.
Canada has a skilled and adaptable workforce, the most educated in the world. On November 4, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will table Budget 2025 - the government's plan to deliver generational, transformational investments to grow our economy, empower workers, create high-paying careers, and protect and support those most affected by trade disruptions.
First, to train the newest generation of Canadian builders, Budget 2025 will expand the Union Training and Innovation Program. This will boost union-based apprenticeship training in the Red Seal trades, and ensure there are Canadian workers to build major infrastructure and millions more homes across the country.
Second, to recognize the vital role of personal support workers, Budget 2025 will introduce a temporary five-year Personal Support Workers Tax Credit. Eligible workers will be able to claim a refundable tax credit equal to five per cent of their eligible earnings, providing support of up to $1,100 per year. This new tax credit will be available in provinces and territories that are not covered by a bilateral agreement with the federal government to increase wages for personal support workers.
Third, to protect workers' rights, promote labour mobility, and strengthen competition, the upcoming budget will amend the Canada Labour Code to restrict the use of non-compete agreements in employment contracts for federally regulated businesses. This will empower workers to move more freely to a higher-paying career or start their own business.
Fourth, Budget 2025 will invest $97 million over five years to create a Foreign Credential Recognition Action Fund. The government will work with the provinces and territories to make credential recognition fairer, faster, and more transparent, helping qualified foreign-trained professionals contribute more quickly to Canada's workforce, including in fields facing labour shortages such as health care and construction.
Additionally, for workers impacted by U.S. tariffs, and as announced by the Prime Minister in September, the government is implementing a new reskilling package, launching a new digital jobs and training platform to quickly connect Canadians to careers, and enacting temporary Employment Insurance measures to support people whose jobs have been impacted.
