In honour of International Women`s Day, today`s Budget 2018 Highlight is Gender equality. Gender equality is not only the right thing to do for Canadians, it is also the smart thing to do for the economy.
That is why in Budget 2018, our government is putting equality at the heart of decision-making, working to help support women and girls, reduce the gender wage gap, and increase the participation of women in the labour force—which helps boost economic growth for all Canadians.
We are proposing to introduce a new Employment Insurance Parental Sharing Benefit, which will give greater flexibility to parents by providing an additional five weeks of EI parental benefits when both parents agree to share parental leave.
This ‘use-it-or-lose-it’ incentive encourages a second parent in two-parent families to share more equally in the work of raising their children – which will allow greater flexibility for new moms to return to work sooner, if they so choose.
With equality of opportunity as a guiding principle, Budget 2018 takes the next steps in our government’s plan to create good, well-paying jobs, improve lives and grow the economy for all Canadians.
Another significant investment specific to the region is a $28 million over 5 years increase in Federal Economic Development Initiative for Northern Ontario (FedNor) funding, of which $6 million will be dedicated specifically to supporting women entrepreneurs.