Finance Minister Bill Morneau tabled in the House of Commons the Budget Implementation Act, 2017, No. 1 (BIA 1), which implements measures announced in Budget 2017, Building a Strong Middle Class.
(Updated April 12, 2017)
Finance Minister Bill Morneau tabled the Government's second budget—Building a Strong Middle Class—which continues to invest in middle class Canadians at every stage of their lives, transform our neighbourhoods and communities, and give every Canadian a real and fair chance at success. The Budget Plan details proposed expansion of employment insurance benefits.
Budget 2017 proposes to provide $691.3 million over five years, starting in 2017–18, and $168.1 million per year thereafter, to create a new EI caregiving benefit of up to 15 weeks. The new benefit will cover a broader range of situations where individuals are providing care to an adult family member who requires significant support in order to recover from a critical illness or injury. Parents of critically ill children will continue to have access to up to 35 weeks of benefits, with additional flexibility to share these benefits with more family members.
Budget 2017 proposes to make EI parental benefits more flexible. Proposed changes will allow parents to choose to receive EI parental benefits over an extended period of up to 18 months at a lower benefit rate of 33 per cent of average weekly earnings. EI parental benefits will continue to be available at the existing benefit rate of 55 per cent over a period of up to 12 months. Making EI parental benefits more flexible is expected to cost $152 million over five years, starting in 2017–18, and $27.5 million per year thereafter.
(Posted March 23, 2017)