We will invest to create more jobs and better opportunities for young Canadians.
After ten years under Stephen Harper, good-quality job opportunities for young Canadians are tougher and tougher to find. Faced with high unemployment and underemployment, many young people have stopped looking for work altogether.
This is hard for both young people and their families. Many parents are seeing their household debt rise and retirement savings dwindle as they struggle to support their grown children, who often return home. It is time to invest in young Canadians – to help them get the work experience they will need to start their careers and contribute fully to our economy.
We will create 40,000 good youth jobs – including 5,000 youth green jobs – each year for the next three years, by investing $300 million more in the renewed Youth Employment Strategy.
We will more than double the almost 11,000 Canadians who access Skills Link each year. This program helps young Canadians – including Aboriginal and disabled youth – make a more successful transition to the workplace.
After this initial three-year boost in funding, we will set the renewed Youth Employment Strategy’s funding level at $385 million per year – a $50 million increase from 2015/16.
We will invest $40 million each year to help employers create more co-op placements for students in science, technology, engineering, mathematics, and business programs.
And to encourage companies to hire young Canadians for permanent positions, we will also offer a 12-month break on Employment Insurance premiums. We will waive employer premiums for all those between the ages of 18 and 24 who are hired into a permanent position in 2016, 2017, or 2018.
We will also work with provinces, territories, and post-secondary institutions to develop or expand Pre-Apprenticeship Training Programs. This will provide up to $10 million per year to help young Canadians gain the skills they need to enter high-demand trades.
We will end the rule that discriminates against new workers and those reentering the workforce by requiring them to accumulate 910 hours of work to qualify for Employment Insurance benefits, including training support.
We will invest $25 million per year in a restored Youth Service Program, to give young Canadians valuable work and life experience, and provide communities with the help required for much-needed projects.