training a large portion of federal budget

the canadian federal budget was tabled by jim flaherty today. between training and employment insurance there is about $1.8billion earmarked, laid out as:

Enhancing the Availability of Training

Budget 2009 will create more and better opportunities for Canadian workers through skills development by:

  • Increasing funding for training delivered through the Employment Insurance program by $1 billion over two years.
  • Investing $500 million over two years in a Strategic Training and Transition Fund to support the particular needs of individuals who do not qualify for EI training, such as the self-employed or those who have been out of work for a prolonged period of time.
  • Providing $55 million over two years to help young Canadians find summer jobs.
  • Supporting older workers and their families with an additional $60 million over three years for the Targeted Initiative for Older Workers and expanding it to include workers in small cities.
  • Responding to skilled labour shortages with $40 million a year to launch the $2,000 Apprenticeship Completion Grant.
  • Providing $50 million over two years for a national foreign credential recognition framework in partnership with provinces and territories.
  • Investing an additional $100 million over three years in the Aboriginal Skills and Employment Partnership (ASEP) initiative, expected to support the creation of 6,000 jobs for Aboriginal Canadians.
  • Investing $75 million in a two-year Aboriginal Skills and Training Strategic Investment Fund.

now, the majority of that is for EI, which i won’t deny is necessary, however, they only program in this list that isn’t exactly new is the strategic training and transition fund. this is key so that self employed individuals and others who do not qualify for EI can get some support, and $500million is a fair chunk of change.

the entirety of budget has come under scrutiny by the members of the pending coalition government. the next few weeks will be key to whether this funding for training and small businesses will surface in time to make a difference in our economic slump – or at least a difference that doesn’t leave very deep scars.

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2 Responses to “training a large portion of federal budget”

  1. Barb Staeger Says:

    Please notify me when/if this is passed and how to apply.

  2. ruyoung Says:

    @barb yep, this is already in effect! if you are looking into taking some training/retraining courses, try talking to employment ontario for details. if you are not in ontario, look for something equivalent offered in your province, either under the ministry of education or the ministry of training colleges and universities (the latter is more likely).

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