Budget 2019 features lifelong learning, work placements, innovation

The federal government has announced that it plans to add 40,000 new work placements by 2023-24 and 44,000 work-integrated learning opportunities by 2021. According to Universities Canada, the 2019 budget also includes a five-year $114M investment into research and innovation, as well as $26.5M per year for the federal granting councils’ Canada Graduate Scholarship program. The Financial Postadds that a new tax credit will enable workers to claim half the cost of a course or training program. Additionally, they may take up to four weeks off and receive employment insurance coverage for 55% of their average weekly income. The Post reports that the program will not be slated to launch before the federal election. Financial Post | Universities Canada | CFS (National)