Investing in Knowledge

$80 million per year to Canada’s three university research granting councils in support of industrial innovation, health priorities, and social and economic development in the North.

  • $140 million for Genome Canada to ensure Canada remains at the forefront of genomics research.
  • $250 million over five years to support the Automotive Innovation Fund for strategic, large-scale research and development projects by the automotive sector in developing innovative, greener and more fuel-efficient vehicles.
  • Enhanced Export Development Canada guarantee programs to support the automotive and manufacturing sectors.

Investing in Communities and Traditional Industries With:

  • $90 million to extend the Targeted Initiative for Older Workers to 2012.
  • A further $1 billion in support for Canada’s manufacturing sector with an additional three years of accelerated capital cost allowance treatment for new investment in machinery and equipment.
  • $72 million over two years for farm programs and to improve access to $3.3 billion in cash advances.
  • $22 million over two years to streamline and improve the environmental regulation of aquaculture.

This new assistance is above and beyond the $1-billion Community Development Trust announced in January of this year.