Small businesses in Ontario can access funding to train their workforce through the Canada-Ontario Job Grant (COJG). This grant provides financial support to employers who invest in training for both new and existing employees. For small businesses (under 100 employees), the COJG can cover up to 83% of training costs, up to a maximum of $10,000 per trainee. If the business is training and hiring unemployed individuals, they may be eligible for 100% funding.
Here’s a more detailed breakdown:
Canada-Ontario Job Grant (COJG):
- What it is:
The COJG is a government-funded program that helps businesses offset the costs of training their employees.
- Who is COJG for:
Available to businesses of all sizes, but with specific cost-sharing arrangements.
- Small Business (under 100 employees):
Small businesses contribute one-sixth (1/6) or 17% of the training costs, and the COJG covers the remaining 83%.
- Large Businesses (100 or more employees):
Large businesses contribute half (1/2) or 50% of the training costs.
- Training for Unemployed:
When unemployed individuals are hired the business may be eligible for 100% funding for their training.
- Funding Amount:
The grant can cover up to $10,000 per trainee for eligible training costs.
- Eligible Training:
The COJG supports a wide range of training initiatives, including on-the-job skills development and external courses.
- How to Apply:
Applications are submitted to the Ministry of Labour, Immigration, Training and Skills Development.
