I'm sorry. I apologize to the interpreters. I will slow down.
It will introduce legislation that will make this permanent. It means that the program will continue to help make school meals accessible for up to 400,000 more children each year, while saving families with two children around $800 a year on groceries.
We are taking the pressure off families and are directly supporting the success of our kids, their health, their education and their well-being.
In addition, together with the provinces, territories and indigenous partners, our investments in early learning and child care are helping to build an affordable, inclusive and high-quality child care system. I will continue to support Minister Hajdu on this important issue.
It's a game-changer for families across the country. Eight provinces and territories are delivering regulated child care for an average of $10 a day or less. All other jurisdictions have reduced their fees by 50% or more. This means an annual average savings per child of $3,400 in Manitoba, $5,900 in Saskatchewan and $7,600 in Alberta.
In her latest report, the Auditor General also confirmed that costs for child care have gone down since the introduction of our Canada-wide system. In fact, as a proportion of after-tax family income, the average spending on child care by families across Canada is now less than one-third of what it was in 2021.
The families of about 900,000 children currently benefit from a Canada-wide early learning and child care system.
As highlighted by the C.D. Howe Institute, “A low-cost childcare policy is conducive to general economic growth, while contributing to reduce gender inequality by increasing women's financial autonomy.” Investing in accessible and affordable child care through this program not only boosts family income but also enables parents to participate in the workforce.
We are also investing in families through the Canada child benefit. This is bringing relief to 3.5 million families, with a typical family of two children receiving $11,000 this year.
Budget 2025 protects our commitment to this tax-free benefit, which directly helps parents reduce the cost of raising their children.
As it is indexed to inflation, the Canada child benefit increased this summer to keep up with the cost of living. The same family with two children is now receiving $500 more than last year, as a result.
As members of Parliament, we must not take such supports for granted. During these uncertain times, regressing is not an option.
This committee has focused on the youth unemployment rate recently. I am pleased to speak to you about the solutions we have brought to the challenges facing young Canadians in the labour market.
The Canada summer jobs program provides students and recent grads with the opportunity to gain work experience that sets them up for successful careers. Of those who received such placements, 88% were employed in the two years following. The Auditor General confirmed that those who had a Canada summer job earned an average of $6,000 more a year at work nine years following the experience.
Recognizing that more needed to be done this summer, Minister Hajdu and I increased the number of jobs in the Canada summer jobs program from 70,000 to 76,000.
Now, through investments in budget 2025, we are bringing the number of Canada summer jobs placements to 100,000. The budget is also investing in 55,000 work-integrated learning opportunities for post-secondary students, as well as employment training and wraparound supports to 20,000 youth facing employment barriers. That means empowering students from over 420 post-secondary education institutions to be work-ready for in-demand jobs, with over 34,000 employers participating from in-demand sectors like IT and manufacturing.