Employers: Here’s a Grant to Help Train Your Workforce

Canada Ontario Job GrantThe Canada-Ontario Job Grant is an excellent source of funding for employer-driven training initiatives.  Under the agreement, Ontario provides direct financial support for employers who wish to purchase training for one or more employees. The cost of training is a shared investment between employers and the government and supports eligible training costs up to a maximum of $10,000 per trainee.  All employers are required to contribute a minimum one-third towards the training cost of each individual participating; however, employers with 50 or fewer employees can pay one-half of their one-third through in-kind wages paid to the individual while they are participating in the training.

Highest priority for grant money is given to training that will help trainees take on a new or better job, as well as training that will allow anyone with a lay-off notice to retain their position.

Employers must declare the grant as revenue on their tax return.

For more information,  comprehensive resources including a great FAQ page are available on the Ontario Ministry website via this link.