Mr. Speaker, I would like to start by thanking the hon. member for Surrey—Newton for his kind words. I am thankful for the chance to address the House and all Canadians during this time of extreme difficulty for our country, particularly for my province of Ontario.
As we encourage residents to stay at home and practise extra vigilance, our federal government will always have Canadians' backs. We exceeded our original quarter one commitments for the total of 9.5 million doses received. With over 13 million now delivered to provinces and territories, we are currently third among G20 countries for people receiving their vaccines and we are well on track to provide a vaccine to every adult who would like one by September.
As we look to our new budget, I want to reflect on how our government has continued to support and invest in Canadians throughout this pandemic. The Canada recovery benefit has now helped more than 1.8 million Canadians put food on the table and pay their bills, including $14.5 billion in direct support.
Last month, we increased the number of weeks for the program availability to families and workers. The wage subsidy has provided $73 billion to workers with over three million approved applications to date. There have been 669,000 approved applications for the rent subsidy, totalling over $2 billion in support. These are crucial supports that support Canadian families, workers and businesses.
On Monday, my two proud daughters watched our first female Deputy Prime Minister and Minister of Finance table a historic budget. As she put it herself, this budget is about completing our fight against COVID-19, alleviating the damage left by the recession it created, and building up to create more opportunities for Canadians to thrive in years to come.
We have not seen such a steep and fast economic contraction in recent times. As many members know first-hand, those disproportionately affected include low-wage workers, young people, women and racialized Canadians. Some businesses have found innovative ways to prosper and even grow and others, due to circumstances outside their control, have had to fight just to survive.
I am thrilled to be able to speak on a budget that is delivering on our government's commitment to creating jobs, growing the middle class, helping businesses get on track for long-term growth, and ensuring that Canadians' future will be healthier, more equitable, greener and more prosperous. Our top priority remains protecting Canadians' health and safety, particularly during this third aggressive wave.
Budget 2021 invests in Canada's biomanufacturing and life sciences sector to rebuild domestic vaccine manufacturing capacity. Our government is proposing a $3-billion investment to support provinces and territories and ensuring standards for long-term care are applied and permanent changes are established.
We will also provide $90 million to launch an “age well at home” initiative. This would assist community-based organizations to provide practical support to help low-income and otherwise vulnerable seniors to age in place, such as matching seniors with volunteers who can help with meal preparation, home maintenance, daily errands, yard work and transportation.
Our government is also proposing to increase the old age security for seniors age 75 and over beginning in 2022, including a one-time top-up payment of $500 this August, as we want to make sure we are there for our seniors who have built our country.
Ontario will see an investment of $466 million to support health care system capacity in responding to surges in COVID-19 cases, as well as heightened demand for those experiencing challenges related to mental health, substance abuse and homelessness.
The pandemic has created new barriers for those needing access to mental health services and the stresses associated with the pandemic, whether job, health or isolation related. Budget 2021 represents a $1.2-billion investment nationwide to help mitigate this challenge.
For our economy to reach its full potential, we must ensure we have the highest participation rate possible in our workforce. To do so, our government is proposing a transformative investment to build a Canada-wide early learning and child care system. This unprecedented plan will drive economic growth, increase women's participation in the workforce and ensure each child has the best start in life. We will aim to reduce fees for regulated child care by 50% on average by 2022, with the goal of reaching $10 per day on average by 2026. We will provide almost $30 billion over the next five years and provide permanent, ongoing funding.
We are committed to supporting women entrepreneurs as we aim to build back stronger and more inclusively. Our budget proposes allocating $146 million to strengthen the women entrepreneurship strategy. Women entrepreneurs will have greater access to financing, mentorship and training. We will work with financial institutions to develop a voluntary code to support the inclusion of women and other under-represented entrepreneurs as clients in the financial sector.
To support low-wage workers, our budget proposes to expand the Canada workers benefit to support about one million additional Canadians, helping them return to work and increasing benefits for those most vulnerable. The government will raise the income level at which the benefit starts being reduced to $22,944 for single individuals without children and to $26,177 for families.
Investing in youth has never been more important than at this moment. Many young people, recent graduates and students are struggling to find valuable job experience and growth opportunities due to the barriers caused by the pandemic.
Our budget is proposing to waive interest accrual on Canada student loans and Canada apprenticeship loans until March 31, 2023. We are proposing to double student grants for an additional two years, effectively covering 90% of the average undergraduate tuition in Canada for low-income students during the pandemic.
Further supports for youth include $118 million in after-school programming and $239 million in student work placement programs to support 50,000 work integrative learning opportunities for post-secondary students, up 20,000 from last year.
We will invest $80 million to help kids learn to code, and $109 million to create 7,000 more jobs through the youth employment and skills strategy to better meet the needs of vulnerable youth facing various and often multiple barriers to employment. An additional 94,000 job placements will be made available through Canada summer jobs funding.
To further our progress in prioritizing job creation in small business, our budget will extend business and income support measures through to the fall. We will support almost 500,000 new training and work opportunities, including 215,000 opportunities for youth.
Budget 2021 is a plan that puts the government on track to meet its commitment to create one million jobs. Our budget proposes $700 million over three years for the regional development agencies to support business financing. This would position local economies for long-term growth by transitioning to a green economy and enhancing competitiveness.
We also propose to launch the Canada digital adoption program to assist over 160,000 businesses with the cost of new technology. This will provide businesses with the advice they need to get the most out of new technology, while employing 28,000 young Canadians who will be trained to work with them. In addition, we also propose to allow small businesses to fully expense up to $1.5 million in capital investments and assets, including digital technology and intellectual property. This constitutes an additional $2.2 billion investment in the growth of entrepreneurial companies.
Fighting climate change has been and will always be one of our government's biggest priorities. Budget 2021 includes a plan to allow 200,000 Canadians to make their homes greener. Our investments are aimed at reducing the pollution from fuels used in the transportation and production of goods by increasing Canada's production of low carbon fuels, including biofuels. They are aimed at encouraging the developing of innovative new technologies to reduce pollution in heavy industry, and conserving up to one million square kilometres more land and inland waters to help achieve our 25% protected area by 2025 targets.
This plan puts Canada on track to exceed its Paris targets and reduce greenhouse gas emissions by 36% by 2030. This also puts us on a path to reach net zero emissions by 2050.
As part of our green recovery plan, we are proposing $5 billion to the net zero accelerator. This would allow the government to provide up to $8 billion in support for projects that will help reduce domestic greenhouse gas emissions across the economy.
We are proposing to reduce general, corporate and small business income tax for businesses that manufacture zero emission technologies. More investments in this plan include $56 million to develop and implement a set of codes and standards for retail ZEV charging and fuelling stations. We will provide $98 million to support our commitment to power federal buildings with 100% clean energy by 2022, and $104 million to strengthen greenhouse gas emission regulations for light and heavy-duty vehicles and off-road residential equipment.
Canada entered the pandemic in a strong fiscal position. This allowed our government to take quick actions, supporting people and businesses, and to make historic investments in the recovery. To respond to the pandemic, $8 out of $10 spent in Canada has come from the federal government. I am incredibly proud that our government stepped up to support Canadians through an unprecedented year.
I would like to end today by talking about a conversation I had with a constituent who was filled with emotion just talking about the historic child care announcement and what it meant for her. It meant she would no longer have to choose between staying home to care for her child or going to work only to see a majority of her paycheque go toward paying for costly child care. It would mean giving her child the opportunity to learn and grow in a professional setting, providing this constituent the opportunity to focus on her career and feeling proud that she would be able to contribute to the Canadian economy.
This is why we are here, to make real, positive impacts in the lives of so many. I am proud to stand behind such a historic budget that will support all Canadians from coast to coast to coast.