Canada’s new Budget 2025, set for release on November 4, promises major changes for Canadian workers and newcomers. Finance Minister François-Philippe Champagne said the plan focuses on giving people more opportunities to build strong, stable lives in Canada.
The budget introduces new measures to help with job training, income protection, and faster recognition of foreign credentials. It also invests in skilled trades, digital job tools, and programs that make it easier for Canadians and newcomers to find meaningful work.
Budget 2025 invests in several programs to help workers succeed. These include a $97 million Foreign Credential Recognition Fund to speed up licensing for skilled immigrants, a $50 million digital job and training platform, and expanded Employment Insurance (EI) support for people affected by job loss or market changes.
The government will also expand apprenticeships and skilled trades training through new funding for the Union Training and Innovation Program, helping more Canadians enter well-paying careers.
A new Workforce Alliances and Innovation Fund, worth nearly $383 million, will connect employers, educators, and unions to better match workers with jobs in high-demand sectors.
Personal Support Workers (PSWs) will receive new help through a five-year refundable tax credit of up to $1,100 per year. The credit applies in provinces and territories that have not yet signed wage-increase deals with the federal government.
The goal is to reward PSWs for their essential care work and to provide extra help to immigrant workers who support Canada’s aging population.
For many newcomers, the biggest challenge is getting their credentials recognized. Budget 2025 aims to fix that problem with the Foreign Credential Recognition Action Fund.
The plan will make it easier and faster for professionals like doctors, nurses, engineers, and builders to work in their fields. It focuses on health care and construction—two sectors urgently needing skilled labour.
This change will allow thousands of newcomers to join the workforce sooner and help fill major job shortages.
A new national digital jobs and training platform will make job searches simpler and more transparent. The platform will combine job listings, training tools, and application options in one place.
It will help Canadians and newcomers find jobs faster, retrain for new careers, and connect directly with employers.
To protect workers from layoffs, the government will increase EI income support and extend the Work-Sharing Program so employers can avoid letting people go during downturns.
Budget 2025 also introduces a major reform: banning non-compete agreements in federally regulated industries. This change lets workers move between jobs or start businesses without restrictions, helping boost wages and innovation.
Ministers say the new budget represents Canada’s commitment to inclusion and growth. “Canadian workers power our economy,” said Finance Minister Champagne. “We’re helping everyone build skills and resilience for the future.”
The government believes these programs will create a stronger, fairer economy built on opportunity for all. Skilled workers—from PSWs and tradespeople to engineers and nurses—will play a central role in shaping Canada’s next stage of growth.
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