Brandon, MB - Larry Maguire, Member of Parliament for Brandon-Souris awarded apprenticeship completion certificates to local students in honour of them completing their apprenticeship training and becoming certified Red Seal journeyperson.
Maguire held the ceremony at Assiniboine Community College with Curt Shoultz, the Dean of the Trade & Technology Department. Since 2009, there have been 477 apprenticeship grants issued to Brandon-Souris apprentices.
"Closing the skills gap and investing in apprenticeship training is one of my top priorities," said Maguire. "Local businesses have continually raised this issue and I am pleased our Government is addressing skills shortages in trades that are so vital to our local economy."
The Government of Canada supports the training of apprentices by awarding a $1,000 apprenticeship grant in both the first and second year of an apprentice's training, and the awarding of a $2,000 apprenticeship grant upon the completion of their apprenticeship training. Through these grants, apprentices can pay for tuition, tools, or other expenses.
"The apprenticeship grants we've made available are a tangible way our Government is investing in skills training. ACC has a 90% + rate of completion in their trades programs while just this year 143 students will finish their Red Seal certificates," said Maguire.
With tremendous opportunities for youth in the skilled trades both today and in the future, the Government of Canada is helping young Canadians get the training and skills they need to take advantage of these opportunities. In addition to apprenticeship grants, the Government of Canada also created the Tradesperson's Tools Deduction tax credit to help apprentices and tradespersons pay for tools and the Apprenticeship Job Creation Tax Credit to encourage employers to hire apprentices.
In Budget 2014, the Government of Canada created the Canada Apprentice Loan which will provide apprentices in a Red Seal trade with interest-free loans of up to $4,000 per period of technical training.
Similar to student loans for college or university students, interest charges and repayment of the Canada Apprentice Loan will not begin until after the recipient completes or leaves their training program. Providing apprentices with the same support as college and university students sends an important signal that apprenticeship training is as valuable as a university education.
- There are tremendous opportunities in the skilled trades in the years ahead:
- The construction sector says it will need 300,000 new workers over the next 10 years.
- The mining sector says it will need 145,000 new workers by 2020.
- The petroleum sector says it will need 150,000 new workers by 2022.
- The supply chain sector says it will need 357,000 new workers by 2020.
- Since 2007, the Government of Canada has issued over 500,000 apprenticeship grants - worth a combined $700 million in support - to Canadian apprentices to help them get jobs.