After a great deal of press leading up to agreements between the Canadian federal and provincial government on how the program would work and where the funding would come from, the Canada Job Grant is now available to businesses across the nation.
Over $1 billion in funding committed to the Canada Job Grant in Ontario alone
Funding offered through the provinces/territories and the federal government is estimated at $300 million per year over a six year period, making it one of the most lucrative funding for training programs available to employers.
In Ontario alone, the provincial and federal government have committed $192 million per year towards the Ontario variant: the Canada-Ontario Job Grant. Small businesses can receive up to $10,000 per employee per training initiative to cover nearly 67 percent of eligible training costs.
Smaller businesses with less than 50 full-time employees can include a portion of their trainees’ wage as company contributions, further improving the program’s funding percentage.
Training eligible for funding through the Canada Job Grant
The Canada-Ontario Job Grant was created to support businesses’ investment in their workforce. The Government of Ontario will support employee training initiatives for businesses who wish to upgrade their existing employees’ skillset or train new hires.
Businesses can apply for a variety of training initiatives that provide the employee and employer with clear benefits. Examples of opportunities eligible for Canada Job Grant support include: Canadian college and University courses, safety training, upgrading of your marketing team’s knowledge of advanced automation and digital marketing skills, and getting trained for international trade and growth through one of the many courses and certification programs available through FITT.
Examples of training costs covered through this program include:
- third-party trainer costs
- course registration fees
- examination expenses
- textbooks, course materials
- training related software
- professional development training