The Canadian CED Network’s Policy Council submitted a response to the federal government’s invitation for pre-budget submissions for the 2019 Federal Budget. This year, the House of Commons Standing Committee on Finance called for submissions that addressed Economic Growth: Ensuring Canada’s Competitiveness.
Read the full pre-budget submission
Our Recommendations for the 2019 Federal Budget
| 1. Advance Social Innovation and Social Finance | |
| a. | Invest $375M to support the community priorities of the Social Innovation and Social Finance Strategy |
| b. | Adopt framework legislation to embed a commitment to social innovation and social finance across the federal government, and create a multi-sectoral Social Innovation Council |
| c. | Create an Office of Social Innovation to promote interdepartmental collaboration in the implementation of the Strategy and coordinate reporting on progress |
| d. | Establish a National Social Innovation Knowledge Sharing Network |
| 2. Make Canadian Businesses More Productive and Competitive | |
| a. | Invest $5M over 2 years to expand the capacity and access of Canada Business Network services to social enterprise and co-operative sectors. |
| b. | Provide a supportive regulatory framework giving charities and non-profits more flexibility to pursue business models. |
| c. | Invest $75M over five years to support innovation networks and communities of practice |
| d. | Contribute to the capitalization of existing and emerging community-based social finance investment funds. |
| 3. Help Canadians Be More Productive | |
| a. | Invest $15M over three years for training, deployment and measurement to utilize social procurement policies. |
| b. | Engage stakeholders across sectors, including community leaders, to co-create a strong national strategy for Community Employment Benefits, with clear targets and common measures. |
| c. | Study the feasibility of a portable account, financed by contributions from workers, employers and the federal government, for Canadians to draw upon to pay for lifetime learning and job retraining. |
