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Federal Budget 2021: Ten key takeaways for the innovation economy
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BC 2021 budget includes funding for businesses, cleantech sector to support pandemic recovery
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With
Finance Minister Chrystia Freeland poised to deliver her inaugural budget speech on Monday afternoon, the Star’s Heather Scoffield has a sneak peek of what to expect: an across-the-board extension of “all the main pandemic-support programs until the coming fall,” as well as “a completely new benefit that subsidizes employers for hiring more people, or increasing the hours their employees work.”
In putting together what was once expected to be the first
post-pandemic budget, Freeland “has devoted much of her attention to plotting a long-term recovery strategy for the country, with child-care funding, inclusivity, and environmentally sustainable growth at the centre,” Scoffield notes.
What can the Canadian tech and innovation sector expect from #Budget2021?
As the Government of Canada prepares to table its Budget 2021 on Monday, Canadian tech is wondering how much the sector will factor into the federal recovery plan.
With much of Canada struggling with a third wave of COVID-19, the federal government’s recent efforts have been focused on near-term pandemic responses. However, as more vaccines are rolled out, eyes are turning to post-pandemic recovery. Current expectations are that the budget will focus on both pandemic measures and post-pandemic recovery.
“What we’re really looking for is to see if the government understands how the economy has changed,” said Ben Bergen, executive director of the Council of Canadian Innovators, a lobbying group that advocates on behalf of more than 100 of Canada’s tech leaders.
What to watch for in a long-awaited pandemic federal budget Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Sean Kilpatrick/The Canadian Press
After more than a year of emergency government spending at levels not seen since the Second World War, the Liberal government is ready to unveil its postpandemic recovery plan.
When Finance Minister Chrystia Freeland rises in a near-empty House of Commons on Monday, she will seek to balance promises of more spending without scaring off voters or international investors.
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