In the face of an aging generation retiring out of the Canadian workforce, there is a pressing need for training programs that will help younger employees develop their skills. The Canada-Ontario Job Grant (COJG) addresses this need, providing funding for job-related training that will not only benefit your employees, but also fuel the growth of your business.
Today, I will talk about the myths of grant application submission. Some time ago I published the first part of it – here it is – and in today’s blog I will go a bit more in depth and cover the 5 most common myths that I debunk on a daily basis when speaking to clients and prospective clients.
The Apprenticeship Training Tax Credit (ATTC) has been around and available to small businesses and start-ups in Ontario for a while. However, at the time of the 2015 Ontario Budget the ATTC underwent changes to its reimbursement structure. Though some of the percentages of reimbursement to businesses with apprentices have changed, the ATTC remains a critical financial support and one a small business owner should know about.
Canada Job Grant is a relatively new grant that subsidizes the cost of training which is specific to the needs of your small business. It is a Canada-wide grant and each province may have a slight variation of it.