OTTAWA, Feb. 28, 2014 /CNW/ - The Honourable Kevin Sorenson, Minister of
State (Finance), on behalf of the Honourable Jason Kenney, Minister of
Employment and Social Development, delivered a keynote speech at the
Canadian Nuclear Association Annual Conference and Trade Show to
highlight why skills development is critical to keeping our economy on
track and a key area of focus for Canada's energy future.
Minister Sorenson underlined the Government of Canada's approach to
addressing the skills shortage and skills mismatch in our economy.
Economic Action Plan 2014 will help connect Canadians to available jobs
and promote economic growth with initiatives including the Canada Job
Grant, Canada Apprentice Loan and the Flexibility and Innovation in
Apprenticeship Technical Training pilot project.
Canada's nuclear industry represents over 60 000 jobs.
Over 45 percent of employees at Canada's uranium mines are Aboriginal
people, and nearly 50 percent are northern residents. The mines are
expected to double production over the next five years.
In Canada, 50 percent of electricity generation workers are eligible for
retirement in the next 5 to 10 years.
Canada is facing a shortage of engineers with more than 10 years of
experience; 95 000 professional engineers will retire by 2020.
The U.S. Energy Information Administration projects world energy
consumption will increase 56 percent by 2040.
It is estimated that there are hundreds of resource projects currently
underway or planned over the next 10 years, representing $650 billion
in planned investment across Canada.
The $650 billion in planned investment across Canada, along with
expected retirement and attrition, will increase labour demand, with
projections suggesting a cumulative demand of 300 000 workers for the
energy, mining and forest sectors by 2021.
"Our energy future is bright if we remain committed to building a
strong, adaptable and dynamic workforce that can meet the increasing
demands of global competition more effectively. We know that if we want
to drive the economy forward, we need to have people with the right
skills for the jobs of tomorrow, including those in the nuclear
- The Honourable Kevin Sorenson, Minister of State (Finance)
Economic Action Plan 2014
The Government of Canada is taking action to ensure Canadians can make
better choices and get the skills and training that employers are
Canada Job Grant
The Canada Job Grant will help Canadians get the training they need for
available jobs and put skills training decisions in the hands of
employers. It will provide up to $15,000 per person for training costs,
including tuition and training materials, which includes up to
$10,000 in federal contributions. Employers would be required to
contribute on average one-third of the total costs of training.
The Canada Job Grant is strongly supported by employers and other
The Building and Construction Trades Department, AFL-CIO;
Canadian Federation of Independent Business;
Canadian Manufacturers and Exporters;
Canadian Construction Association;
Information Technology Association of Canada;
Welding Bureau; and
Support for Post-secondary Education and Apprentices
Post-secondary education is vital to Canada's economic growth and future
prosperity. That is why the Government of Canada continues to invest in
post-secondary education, including apprenticeships, to make sure it is
accessible for all Canadians through education savings incentives,
loans, grants, tax credits, tax deductions and support for training
The Centre for Skills and Post-Secondary Education is a major five-year
initiative launched by the Conference Board of Canada to address
Canada's advanced skills and education challenges. More information is
available from the Conference Board of Canada.
Support for Apprentices
Economic Action Plan 2014 announced new programs and support for
apprentices including the following:
The Canada Apprentice Loan that will expand the Canada Student Loans
Program to provide apprentices registered in Red Seal trades with
access to over $100 million in interest-free loans each year
($25.2 million over two years and $15.2 million per year on an ongoing
The Flexibility and Innovation in Apprenticeship Technical Training
Pilot project that will expand on the use of innovative approaches to
apprentice technical training ($13 million over four years).
The Employment Awareness Initiative for Apprentices that will increase
awareness of the financial supports available to support apprenticeship
New budget measures will work with existing supports including a number
of grants and tax credits for apprentices and employers.
The Apprenticeship Incentive Grant and Apprenticeship Completion Grant
encourage Canadians to pursue and complete apprenticeship training in
designated Red Seal trades. As a result of these grants, apprentices
could be eligible to receive up to $4,000, which can be used to pay for
tuition, tools and expenses. To date, the Government of Canada has
issued over a half-billion dollars in apprenticeship grants to
The Apprenticeship Incentive Grant is a $1,000 taxable cash grant for
apprentices who complete the first and/or second level of their
apprenticeship program in a designated Red Seal trade, to a maximum of
The Apprenticeship Completion Grant is a $2,000 taxable cash grant for
eligible apprentices who successfully complete their apprenticeship
training and receive their journeyman certification in a designated Red
The Government of Canada also offers a tax credit to employers to
encourage them to hire apprentices and a tax deduction for apprentices
and tradesmen to help cover the cost of new tools.
Support for Youth
The Government of Canada supports youth employment through a number of
investments and initiatives including:
Allocating $40 million over two years to support up to 3 000 full-time
internships in high-demand fields for post-secondary graduates. A
portion of this investment will go to the National Research Council's
Industrial Research Assistance Program to support youth internships in
small and medium-sized enterprises undertaking technical research and
Reallocating $15 million annually within the Youth Employment Strategy
to support up to 1 000 internships for recent post-secondary graduates
in small and medium-sized businesses.
Improving the Youth Employment Strategy to better align with job market
realities to ensure federal investments in youth employment are more
effective and provide young Canadians with real-life work experience in
SOURCE: Employment and Social Development Canada
For further information:
Office of the Minister 819-994-2482
Media Relations Office
Employment and Social Development Canada
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