Madam Speaker, before I start, I would like to thank the constituents of Brampton East for their support. It was a pleasure seeing so many constituents out in downtown Toronto yesterday for the Nagar Kirtan and to celebrate Vaisakhi alongside colleagues and, of course, the Prime Minister of Canada.
I am grateful to rise in the House today to talk about how budget 2023 is going to benefit both the residents in my riding of Brampton East and all Canadians across the country. Budget 2023, brought forth by the Deputy Prime Minister and Minister of Finance, reassures Canadians that our federal government is delivering on its promises.
We are making decisions that are smart, sustainable and innovative, which in turn will propel our economy toward a greener and more resilient future. We have recovered from the pandemic stronger than before, with record low unemployment rates and one of the fastest recoveries versus other comparable G7 countries. The Canadian youth unemployment rate is down by 22%, and 830,000 more Canadians are employed compared to when the pandemic first hit three years ago.
Our recovery efforts worked because we listened to Canadians and acted in their best interests so that families could put food on the table and keep a roof over their heads. We acted quickly and provided the help Canadians needed when much of the world was in a state of unknown.
While pandemic supports have ended, our commitment to helping Canadians succeed has not. Budget 2023 proves this statement. Our federal government is making record investments in health care, child care, dental care and a clean, green economy, among many others.
The health of Canadians is what creates the foundation for a healthy economy. Universal high-quality and accessible health care is how we keep that foundation strong from coast to coast to coast. The pandemic put an unprecedented strain on an already overworked health care system. From health care workers feeling burnt out to emergency rooms constantly being overrun to elective surgeries being delayed or cancelled, the level of care that Canadians deserve and rely is not being delivered and can be greatly improved.
What is being delivered is an urgent and much-needed investment of $195 billion over the next 10 years from our federal government. This funding will accompany the tailored bilateral agreements with each province and territory to provide targeted supports throughout the health care sector, and will also include the accountability measures that Canadians expect and deserve from their provinces and territories.
Health care also extends into dental care, and going to a dentist can be expensive and out of reach for many Canadians and their families. It is concerning to say that one in five Canadians reported that they avoid going to a dentist because of cost. The new Canadian dental care plan outlined in budget 2023 plans to eliminate the difficult decision between taking care of one's teeth and being able to pay the bills at the end of the month. Another record investment of $13 billion over the next five years, starting in 2023, with $4 billion ongoing, to Health Canada is being put forward in this budget to help uninsured Canadian families receive dental care.
Programs like the Canada dental benefit have helped more than 240,000 children receive the dental care they need. This includes close to 3,000 children in my riding of Brampton East alone. I have heard first-hand from parents who are over the moon that they can provide important dental care for their children for healthier teeth and bigger smiles.
Here in Canada and around the world, the cost of living has gone up and inflation is a top-of-mind issue. The rising cost of food affects Canadians, small businesses and families who are trying to put a nutritious meal on the table. That is why, through budget 2023, our government is introducing the new grocery rebate, which is targeted to help provide relief to Canadians who need it the most. The $2.5 billion in relief will help eligible families with two children receive up to an extra $467, and single Canadians without children can receive up to $234. This support will assist close to 11 million Canadians with the cost of food. This is yet another way in which our federal government is helping Canadians live their lives in a way that benefits them so they do not have to choose between food, paying rent, and other expenses.
Young Canadians, specifically students, have faced immense pressures trying to navigate their way through the consistent changes, cancellations and delays caused by the pandemic. Our government stepped in to help. When we invest in the success of students and young Canadians, we all prosper. Their research and training achievements strengthen our workforce and economy. When we help more students train in the career of their choosing, this helps fill the gaps in labour shortages that many industries are experiencing across the country.
This is a consistent message I hear from my Brampton East Youth Council. Many aspire to go to college or university, but they are also worried about being able to afford tuition, books, meal plans and other needed expenses. The stakes are high, and for many, they are the first of their families to go to university or college.
I assume that many of my hon. colleagues in this House believe that a student's education should not be cut short because of financial hardship, and this is where our government is stepping in. Over 750,000 post-secondary students across Canada rely on federal assistance each year, and that money is the difference between starting a career with good-paying jobs versus not knowing what their next steps may be. It is clear that during the pandemic, our government should not be making money off the already strained purses of post-secondary students.
That is why we acted and eliminated interest on Canada student loans and Canada apprentice loans. By increasing Canada student grants by 40%, raising the interest-free Canada student loan limit and waiving the requirement for mature students to undergo a credit check for a loan, our government has created access to an additional $14,400 in Canadian financial student assistance. Students can now spend less time worrying about how they are going to pay for tuition, rent, food and other expenses, and spend more time focusing on their studies.
Budget 2023 would invest over $800 million to enhance student financial assistance for the school year starting in August 2023. However, our commitment to helping students does not stop there. For budget 2024, we have pledged to work with students directly and create a long-term approach to develop a financial assistance plan that is tailored to their needs for the years to come.
As I mentioned previously, Canada's economic recovery from the pandemic has been steady and climbing, with record low unemployment rates and more than 800,000 more Canadians employed than when the pandemic first hit. We are building back stronger than ever. Historic investments in early learning and child care are helping more women enter or re-enter the workforce.
Budget 2023 would also help students gain the necessary training to transition straight into the workforce once their work placement training is complete. Our government is making it easier for students to work in their desired fields, and we are also encouraging partnerships and increased learning opportunities between post-secondary institutions and businesses across Canada. It is crucial that we help bridge the gap between schooling and employment so that young Canadians entering the workforce can earn a good wage in addition to businesses gaining valuable skilled workers.
Canada is proud to be home to one of the smartest and most skilled labour forces in the world, and my riding of Brampton East is proof of that. Brampton East is home to the MDA plant, which is currently designing the Canadarm3, a robotic arm that will maintain, repair and inspect Gateway, which is a lunar outpost that will enable sustainable human exploration on the moon. Due to the contributions of the Canadarm3 space technology, a Canadian Space Agency astronaut will be part of the first crewed mission to the moon since 1972 with Artemis II. This was something that President Joe Biden touched upon when he addressed this very House during his official visit.
Canada and the United States share an incredibly strong partnership, which will be of value to the Artemis II mission. It is a friendship unlike any other in the world. Through our co-operation, we can improve economic prosperity and productivity, and benefit from a secure sharing of resources that will help the citizens of both of our countries.
While we are reaching for the stars in terms of innovation and technology, or more precisely for the moon, we are also moving toward a greener future with clean, green economic growth. Canada is on the right path forward toward electrification and green energy. A significant portion of our electricity already comes from non-emitting sources, such as hydroelectricity, wind, solar and nuclear, but more can be done. We know that Canada's electricity demand will double by 2050, and our government, through budget 2023, has proposed to make significant investments to accelerate the expansion of Canada's electricity grid, which will supply and transmit clean electricity across Canada.
We are seeing this progress happen in our local communities. Brampton is taking the necessary steps to become a green city by transitioning its transit fleet with fully electric buses, made possible through our federal Infrastructure Bank. With those buses comes a new maintenance facility of over 600,000 square feet of indoor bus storage that will help ensure our electric transit fleet is running smoothly. In Brampton East, this new maintenance facility is set to bring in over 1,000 good-paying jobs in my riding, and I am proud to say that we are on track to establishing Brampton as a newly electrified economic hub.
In two years, Brampton will also be home to the newly revitalized Stellantis plant for Chrysler, made possible by federal investments made by our government. This plant will be a flexible, multi-energy vehicle facility properly equipped to produce new electric vehicles and batteries. This plant will help fuel the green economic growth that budget 2023 is moving toward. It will change how we manufacture electric vehicles and will bring good-paying jobs to the city. This was all possible by the hard work of many of my federal colleagues from Brampton who are here in this House. It will help to fight climate change while growing our economy.
As I end today, I want to talk about parents I met recently, Matthew and Jennifer, who live in my riding, where they are raising their son Sebastian. They want to be close to family and close to the hospitals where they work as full-time nurses. They can rest assured knowing that we will be there to continue to support their young child with our new child care program.
