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Funding for Skills Training and Hiring - Fall 2017 Update

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Update on the Canadian government grants for hiring and skills training available for the businesses in Ontario, Canada. The presentation includes basic eligibility criteria, eligible costs, and the deep dive into the universe of the government funding programs for hiring and skills training.

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Funding for Skills Training and Hiring - Fall 2017 Update

  1. 1. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Canadian Government Funding for Skills Training and Hiring by Igor Chigrin, Business Funding Expert September, 2017 1
  2. 2. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Contents 1. About Fair Grant Writing 2. Types of Government Funding 3. Basic Eligibility Criteria 4. Eligible Costs 5. Overview of Government Funding Programs for Skills Training & Hiring 6. Other Grants & Loans 7. Questions & Answers 2
  3. 3. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 About Fair Grant Writing • Recognized experts in government funding • Thousands of hours of writing and millions of dollars are secured for our clients. • Fast and efficient information gathering process minimizing time clients spend with us. • Top-level business & technical writers, finance professionals & editors. • 4-step quality control process and professional project management performed by former government employees and proofreaders. • Exceptional guarantee: our clients get Government funding OR our application writing is FREE. 3
  4. 4. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Types of Government Funding • Government Grant: non-repayable funding awarded for certain purposes; for example, skills training & hiring. • Government Loan: repayable interest-free funding typically for large-scale expansion and R&D projects. • Tax Credit: non-repayable funding awarded retroactively for certain purposes; for example, research & development, hiring, or training. 4
  5. 5. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Basic Eligibility Criteria • Be incorporated for at least 1-2 years • Have at least 1 payroll employee who is getting paid (owner / founder is okay) • Incur or intend to incur eligible labour and training cost • Do business in Canada or in the specific provinces and hire the residents of Canada or the specific provinces. • Foreign workers and foreign students are not eligible hires or trainees 5
  6. 6. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Eligible Costs 1. Salaries and Wages of New Hires 2. Salaries and Wages of Current Employees – the Trainees 3. Salaries and Wages of Current Employees – the Trainers 4. Third-party Training Provider’s Fees 5. Professional Examination / Certification Fees 6. Training Materials, Books, and Software 7. Travel to Training Facility 6
  7. 7. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Canada-Ontario Job Grant Eligibility Criteria • Must be for-profit business of any size anywhere in Canada with at least 1 employee (not the owner) • Current employee or Candidate must complete the training in order to fill the vacancy OR • Current employee must complete the training to improve existing or obtain new skills • Current employee or Candidate must be Canadian citizen, permanent resident, or protected person (refugee) Amount: $10,000 - $15,000 per trainee (2/3 to 5/6 of the training cost) 7
  8. 8. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Canada-Ontario Job Grant Tips • If you train and then hire an unemployed individual upon successful completion of the training, you get 100% of the training costs back up to $15,000 • Training provider must be a Canadian for-profit company, organization or educational institution • Internal training is not eligible • Minimum training cost must be $1,000 to be eligible • Minimum training duration is 2 weeks or 60 hours • Maximum training duration is 52 consecutive weeks • Equipment and software training provided by the vendor is not eligible • Health & safety and other mandatory trainings are not eligible • Similar grants exist in other provinces except Quebec 8
  9. 9. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Yves Landry Foundation’s AIME Eligibility Criteria • Must have 10 - 1000 employees • Must be in business for at least 3 years and be able to demonstrate strong financial performance • Must be a manufacturer located in Southern Ontario Eligible Cost • Training (tuition) fees paid to third parties • Books & training supplies/materials • Travel & accommodation • Trainees’ and trainers’ salaries (if the training is internal) Amount: 25%-50% of the project cost up to $50,000 9
  10. 10. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Automotive Suppliers Competitiveness Improvement Program Eligibility Criteria • Must be a corporation selling over 50% of its goods to the automotive industry clients • Must be located in Ontario Eligible Cost • Hardware • Software • Training (tuition) fees • Trainees’ salaries Amount: 50% of the project cost up to $100,000 10
  11. 11. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Hiring Grants Hiring Co-op Student, Summer Student or Apprentice • Canada Summer Jobs Program • Co-operative Education Tax Credit • Apprenticeship Training Tax Credit Hiring Science / Engineering Students or Graduates • IRAP Youth Employment Program & Youth-Green • NSERC • Career Focus suite of programs • OCE TalentEdge 11
  12. 12. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Hiring Grants (cont’d) Hiring Master and PhD-level Students & Graduates • NSERC • OCE TalentEdge • Mitacs Accelerate Hiring Experienced Professionals • SR&ED Tax Credit (R&D projects) • Strategic Innovation Fund (R&D projects) • Industrial Research Assistance Program (R&D projects) • Ontario Exporters Fund (export sales and marketing) 12
  13. 13. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Canada Summer Jobs Eligibility Criteria • Must be for-profit company or not-for-profit organization • Must intend to hire and pay to summer student(s) • Student(s) must be 15-30 years old attending school and intending to return to school after the internship. • Student(s) must not be family members of applicants. Amount: 50% of the provincial minimum hourly rate per each hour the student worked for the applicant Next Application Intake: December 2017 - February 2018 13
  14. 14. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Apprenticeship Training Tax Credit Eligibility Criteria • Have permanent establishments in Ontario • Be subject to Ontario Income Tax • Incur eligible expenditures in training apprentices in designated skilled trades • Over 120 of these trades are eligible for the tax credit • The training agreement or contract of apprenticeship must be registered under the Ontario College of Trades and Apprenticeship Act, 2009 Amount: 25%-30% of eligible cost up to $15,000 per apprentice for 36 months. Application must be submitted following the applicant’s fiscal year end together with tax return. 14
  15. 15. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Co-operative Education Tax Credit Eligibility Criteria • Must be Ontario-based businesses • Students must be enrolled in a post-secondary co- operative education program at an Ontario college or university • Must have a copy of the letter of certification from the student’s university or college. • Provide minimum employment period of 10 weeks up to a maximum of 4 months. Amount: 25%-30% of eligible cost up to $3,000 per co- op student Application must be submitted following the applicant’s fiscal year end together with tax return 15
  16. 16. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 IRAP Youth Employment & Youth-Green Eligibility Criteria • Be incorporated and for-profit • Have 500 or less full-time employees • Be ready to enhance applicant’s innovation capacity • Be willing to establish a trusting relationship with IRAP • Be willing to hire a post-secondary graduate 15-30 years old (inclusive) • Internship period must be 6-12 months • To qualify for Youth-Green program the internship must produce an environmental benefit or the nature of your business must align with green economy sectors Amount: $20,000 per post-secondary graduate hired 16
  17. 17. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 NSERC Natural Sciences and Engineering Research Council of Canada Collaboration Programs Grant Type Description Your contribution Your Benefits Engage Grants 6 month R&D project with a university or college expert. In-kind Find solutions to address a specific, short term challenge. Resulting intellectual property will be assigned to company. Applied Research and Development Grants up to 3 year R&D project at college. 1/3 to 1/2 of costs in cash and in-kind Work with college research teams. Find solutions to a specific, short-term challenge. Experience Awards 16 week undergraduate student term on-site. Typically $1,125 Two-thirds of companies reported their student helped them increase research productivity or R&D capability. Collaborative Research and Development Grants Focused long-term R&D project with a university researcher. 1/3 of project costs in cash, matched by in-kind 80% of companies developed new products or services, improved processes or enhanced competitiveness. Industrial Research Chairs 5-year significant research project. 1/2 of costs in cash Get research insights into a longer-term industry challenge. 17
  18. 18. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Career Focus Suite Eligibility Criteria • Be incorporated and for-profit • Have 500 or less full-time employees • New hires must be 15-30 years old (inclusive) and may be the recent graduates or undergraduates (requirements vary from program to program) • Must apply through industry organizations managing the grant • Career Focus programs are available across Canada and across industries (e.g. food, aerospace, energy) Amount: up to $20,000 per each new hire Applications are accepted starting April 1 of every year for approximately 2-6 months 18
  19. 19. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 OCE TalentEdge Eligibility Criteria • Must be for-profit company • Undergraduate level: Undergraduate students in their final year of study at a college or university in Ontario during the internship period. • Graduate level: Current Masters and PhD students, and recent Masters graduates within three years of graduation during the internship period. • Fellowship program: PhD graduates and postdoctoral fellows. Amount: $10,000 per internship 19
  20. 20. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Mitacs Accelerate Eligibility Criteria • Must be for-profit company • Full-time graduate students at all Canadian universities are eligible • Internship must be related to the student’s field of study or research • International students are eligible • Master’s students can do up to 2 four-month internships and PhD students can do up to 6 internships. Amount: $15,000 per internship 20
  21. 21. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 SR&ED Tax Credit Eligibility Criteria • Must be Canadian-controlled private corporation • Must conduct R&D activities that match CRA definition • Scientific research and experimental development means systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis. Amount: 60% of labour cost, 40% of material cost and 30% of contractors’ cost up to $3,000,000 per fiscal year. Application must be submitted following the applicant’s fiscal year end together with tax return. 21
  22. 22. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Strategic Innovation Fund Eligibility Criteria • Small, medium or large-sized corporation in Canada • The project must – accelerate technology transfer and commercialization of innovative products, processes and services OR – facilitate the growth and expansion of firms in Canada OR – attract and retain large scale investments to Canada OR – advance industrial research, development and technology demonstration through collaboration between academia, non- profit organizations and the private sector Amount: up to 50% of eligible costs including labour 22
  23. 23. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Industrial Research Assistance Program (IRAP) Eligibility Criteria • Small or medium-sized enterprise in Canada, incorporated and profit-oriented; • 500 or fewer full-time employees; and • Have the objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada; • Must be willing to work with National Research Council. Amount: 80% of labour cost up to $50,000. 23
  24. 24. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Ontario Exporters Fund Eligibility Criteria • SMEs with a minimum of 5 employees to a maximum of 500 employees • Must be incorporated for at least 2 years • Have between $3 million and $20 million in sales • Have export sales between 10% to 50% of annual sales • Must be in one of the priority sectors of the Ministry of Economic Development, Trade and Employment • Able to provide a reference from the International Trade Branch of the Ministry of Economic Development Trade and Employment Amount: 50% of the manager’s salary up to $80,000 for 2 years 24
  25. 25. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Other Grants & Loans • Equipment Purchasing (SMART, IBGP, SIF) • Export Business Development (CanExport, Export Market Access) • Research & Development (SIF, SR&ED) • Large-Scale Expansion Funding (SIF, SWODF, EODF, IBGP) • Energy Efficiency and Emission Reduction 25
  26. 26. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Book: Get Funded! • How to navigate the variety of the funding options in Canada • How to determine your funding needs and select the right funding options • Tips from the funders and writers on how to increase the chances of getting the funding • Examples of the best answers to the questions in the application forms $34.95 $19.95 pre-launch price expires Sept 27, 2017 Fill out the form now to order the book! 26
  27. 27. No Upfront Fee! / 647.800.5006 / apply@fairgrantwriting.ca FAIR GRANT WRITING www.fgwinc.ca/eligibility | (647) 800-5006 Contact Igor Chigrin Business Funding Expert www.fgwinc.ca Group: Canadian Government Grants & Loans for Businesses www.twitter.com/FairGrants Questions & Answers ___________________________________________________________________________ 27

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