Canada – Newfoundland and Labrador Job Grant
Highlights
The Canada-Newfoundland and Labrador Job Grant is a fantastic opportunity for your business. This program helps cover the cost of training for your current and future employees. You can receive up to $10,000 per year for training an existing employee and up to $15,000 for training an unemployed participant. This funding can significantly reduce your training expenses, allowing you to invest more in other areas of your business.
Why should you apply?
- Financial Support: The program covers up to two-thirds of the training costs.
- Skill Development: Enhance the skills of your workforce, making your business more competitive.
- Job Security: Ensure that trained employees have a job waiting for them, boosting morale and retention.
What’s in it for you?
- Cost Savings: Reduce your training expenses.
- Improved Workforce: Develop a more skilled and efficient team.
- Easy Qualification: The application process is straightforward, and you can check the status of your application online.
Applying for this grant can help your business grow by providing the financial support needed to train your employees effectively.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates. This is a subsidy, not a loan.
Eligible Expenses:
- Training costs for existing employees.
- Training costs for unemployed participants.
Use of Funds:
- Funds can be used for:
- Tuition fees or other training fees.
- Costs of textbooks, software, and other required materials for training.
- Examination fees.
Restrictions on Use of Funds:
- Funds cannot be used for:
- General operational expenses.
- Salaries or wages outside of the training context.
- Capital expenditures such as equipment or facility upgrades.
Fees:
- There are no fees associated with applying for or receiving this wage subsidy.
Qualifications
- Must be a private sector employer, not-for-profit organization, industry association, employer consortia, unions, or an Indigenous government or organization.
- Must be incorporated or a sole proprietor.
- Must have a Canada Revenue Agency business number.
- Must be in good standing with Registry of Companies and Deeds.
Must have an office location/base in Newfoundland and Labrador.
Disqualifications:
- None specified.
Description
This program offers your business funding to help cover the cost of training for your employees. You can receive up to $10,000 per year for training an existing employee and up to $15,000 for training an unemployed participant.
You will need to contribute at least one-third of the training costs, except for unemployed participants. The key condition is that you must have a job ready for all participants once their training is complete.
This funding can be used for various types of training, making it a valuable opportunity to enhance your workforce's skills and improve your business operations.
Program Steps
Register in LaMPSS: Begin by registering your business in the Labour Market Programs Support System (LaMPSS). This is required to apply online.
Receive Login Credentials: After registration, you will receive a user ID and password to access the LaMPSS system.
Review Application Requirements: Before starting your application, review the information and documents needed. This includes understanding the eligibility criteria and the required contributions.
Prepare Documentation: Gather the necessary documents for your application. You will need:
- Canada Revenue Agency business number
- Proof of good standing with the Registry of Companies and Deeds
- Letter of Attestation
- Training Budget details using the Contribution Calculator
Complete Online Application: Log in to LaMPSS and fill out the online application form. Ensure all required information and documents are included.
Submit Application: Once the application is complete, submit it through the LaMPSS system. Ensure it is submitted at least 20 business days before the start of training to avoid delays.
Monitor Application Status: Check the status of your application by logging into your LaMPSS account. You can view the agreement status and any updates.
Receive Notification: You will be notified by email within 30 business days regarding the decision on your application.
Submit Reports: If approved, you will need to submit activity and financial reports as part of your agreement. Follow the guidelines provided for submitting these reports online.