What the Federal Budget means for HR

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It will also provide $11.4 million over four years to support vocational training for Canadians with Autism Spectrum Disorder, in a joint initiative with the Sinneave Family Foundation and Autism Speaks Canada to help approximately 1,200 youth a year at vocational training centres across Canada.
Matching staff to skills
The government is hoping funding will help solve the skills gap and high unemployment rate with a range of other funding committed to job training including:
$100 million in interest-free loans for apprentice programs
$75 million over three years to expand the Targeted Initiative for Older Workers program, to help unemployed older Canadians in smaller communities find jobs.
$40 million for the Canada Accelerator and Incubator Program for entrepreneurs creating new businesses.
$40 million over two years for up to 3,000 internship positions in “high-demand fields.”
Driving growth in key industries
The budget proposed to provide an additional $500 million over two years to the Automotive Innovation Fund to support new strategic research and development projects. It also plans to move forward with planning and construction on a new Windsor-Detroit International Crossing.
These and other initiatives were aimed at boosting growth in some of Canada’s key industries, some of which have been slow or stagnant since the 2008 recession.

On page three: welcome changes for small businesses

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  • Tom from Burnaby BC on 2014-02-16 3:05:41 PM

    When will our canadian governments all levels learn that employing people brings in tax dollars.

    So make it easier for employers to train and hire employees even if they have to pay loan back at a reasonable interest rate.

    Help, It can be a win win combination if you can see the vision through!

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