Canada Training Benefit
May 17, 2019
OTTAWA: Jim Eglinski, Member of Parliament for Yellowhead, wishes to inform constituents that the Department of Employment, Workforce Development and Labour, today announced a new Canada Training Benefit that will give Canadians the support and security they need to advance their careers.
Canada Training Benefit, a new measure that would give Canadian workers a tax credit to help pay for training, provide income support during training and offer job protection. The benefit would include:
- a $250 per year, non-taxable Canada Training Credit, up to a lifetime limit of $5,000, to help eligible workers cover tuition and training-related costs;
- a new Employment Insurance (EI) Training Support Benefit to provide income support when an individual requires time off work to train;
- new leave provisions under the Canada Labour Code that would allow federally regulated workers to take time away from work to pursue training; and
- an EI Premium Rebate for Small Businesses to help offset the upward pressure on EI premiums.
Over the spring, the Government will engage stakeholders, including provinces and territories, on the final design of the EI Training Support Benefit and associated leave provisions.
“The new Canada Training Benefit will give Canadians the support and security they need to advance their careers,” concluded MP Eglinski.
For more information please go to: https://www.canada.ca/en/employment-social-development/news/2019/05/backgrounder-canada-training-benefit.html