On March 28, 2014, Ontario signed the Ontario Canada-Ontario Job Fund Agreement with the federal government, which will provide Ontario with $192 million per year for employer-led training for the next six years
Employers can receive up to $10,000 (up to one-third of costs) to offset training costs at an eligible third-party trainer.
Eligible expenditures include tuition and training fees, textbooks and required materials, mandatory student fees, and examination fees.
The company must be in compliance with all applicable federal and provincial legislation, have third party liability insurance coverage in the amount of $2 million, not be in receipt of other government funds for the same skills training for the same individual, train employees that live in Ontario, and not displace current or laid-off staff as a result of the training. The training must be conducted at an eligible third-party trainer in Ontario. Eligible third-party trainers include:
- Colleges of applied arts and technology
- Publicly-assisted universities
- School boards
- Private trainers operating in compliance with the Private Career Colleges Act, 2005
- Union-based training centres
- Product vendors