2014 Federal Budget – Employment and Job Creation

On February 11, 2014, the Minister of Finance, James M. Flaherty, tabled the Conservative government’s tenth federal budget.  Flaherty chose to stay the course towards a balanced budget in 2015 and will rely on employment and job creation to drive economic growth.

The measures introduced to foster employment include:

  1. The Canada First Research Excellence Fund, which will provide $1.5 billion over the next decade to fund post-secondary research.
  2. The Canada Accelerator and Incubator Program, which will receive an additional $40 million to help entrepreneurs create new companies.
  3. The Targeted Initiative for Older Workers program, which will invest $75 million over 3 years to assist unemployed older workers.
  4. The Canada Job Grant, which will be introduced to align training with labour market needs.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

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