This week, the Federal Government released their budget for 2024. While the budget was very much focused on housing and transportation, there were a few items that could benefit our sector.
- Proposing to extend the temporary support for seasonal workers through EI, which was set to expire in October 2024. If approved, seasonal operators will continue to be able to access EI for 45 weeks until October 2026.
- Proposing a new Canada Carbon Rebate for Small Businesses, to return fuel charge proceeds from 2019-20 through 2023-24 to an estimated 600,000 businesses with 499 or fewer employees
- Adding an additional $207.6 million to the Student Work Placement Program
- $2.5 million in 2024-25 to continue supporting the Indigenous tourism industry through the Indigenous Tourism Association of Canada
- $200 million over two years to increase access to venture capital
- $4.4 million over two years, starting in 2024-25, to continue the Indigenous Labour Market Information Survey and Skills Inventory Initiative to support labour market participation and ensure prosperous communities
You can review the Federal Budget Here.