Considering the obstacles of growing under and unemployment, young people became less hopeful for occupations and ceased searching all together. Due to these adversities, young people are remaining in their parental homes for much longer, placing financial burden on parents to support grown children and consequently face declining retirement savings and increasing household debt. Trudeau promises to create 40,000 youth jobs per annum for a total of three years by investing $300 million dollars into a revived Youth Employment Strategy. Trudeau also promises to invest $40 million each year into Co-operative Education Programs, to enable students to explore a variety of stimulating fields, such as: science and technology, engineering, mathematics and business sectors. Trudeau also recognizes the difficulty of retaining permeant positions, so, in order to encourage businesses to hire young Canadians, he plans to offer a 12-month break on Employment Insurance Premiums. Trudeau plans to waive employer premiums for those between ages 18 and 24 who are hired into full-time positions in the years 2016, 2017, 2018. Trudeau has also identified issues regarding the lack of development and expansion of Apprenticeships programs. He proposes the collaborative efforts between provinces, territories and …show more content…
For many Canadians, the increases of post-secondary costs have made it progressively impervious to pursue. When the Conservative government was in power, billions of dollars were disposed on non-refundable tax credits that offer no aide to students and their families in need (Liberal, 8). Trudeau promises to provide direct help to students from low to middle-income families to assist them in paying for their education to ensure that debt levels are feasible. Trudeau plans to increase the maximum Canada Student Grant for low-income students to $3,000 per year for full-time students and to $1,800 a year for part-time students. In addition to these expansion, the Liberal government plans to increase the income thresholds for qualification, granting more Canadians students access to even larger grants. These investments are to be funded by annulling the poorly targeted education and textbook tax credits, as the tuition tax credit will remain. This extension of non-repayable grants will increase from $750 million to $850 million per year by 2019/20. Liberals also plan to make student loan system more flexible. The regulation will state that no graduate with student loans will be required to make payments until they have secured a position and are earning at least $25,000 per year. Trudeau will enforce this by altering the income