Canada Job Grant will provide up to $15,000 per person for training costs
© Guardian photo
Innovation Minister Allen Roach
After months of negotiations, the federal and P.E.I. governments have reached an agreement in principle on a new Canada Job Grant.
But Innovation Minister Allen Roach said at the federal government’s request he couldn’t discuss any details about the negotiations.
“There have been some concessions on the federal government’s part,” he said.
Last month, the federal government announced it signed an agreement in principle with P.E.I. on the Canada Job Grant, which helps provide skills training. It’s part of the Canada Job Fund that will see the province get about $2 million from the federal government.
The Canada Job Grant will provide up to $15,000 per person for training costs such as tuition and training materials. Employers will be required to pay part of the training costs.
The new deal will replace the former Labour Market Agreement that expired April 1 and saw the federal government give $500 million to the provinces and territories annually.
Roach said he doesn’t have a timeframe for finalizing the agreement, but he guessed it would likely be within six to eight weeks.