The Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages, on behalf of the Honourable Jason Kenney, Minister of Employment and Social Development, today while on a tour of Red River College announced the launch of the new Canada Apprentice Loan, an Economic Action 2014 commitment that provides apprentices in Red Seal trades access to interest-free loans of up to $4,000 per period of technical training.
In her tour of Red River College, Minister Glover reiterated that enhanced support for apprentices and apprenticeship training are key to power and grow the Canadian economy. That is why, in addition to the Canada Apprentice Loan, the Government also supports apprentices through several other initiatives, including Grants and Tax Credits. Since 2006, the Government of Canada has also provided apprenticeship grants and Tax credits for both apprentices and employers to encourage apprenticeships and careers in the skilled trades. To date, the Government has issued over 500,000 apprenticeship grants to Canadians worth nearly $700 million to help them get the skills and training they need to get well-paying jobs.
Minister Glover emphasized the value of skilled trades and underlined the pressing demand for skilled tradespeople, particularly in areas such as infrastructure projects like the Government’s New Building Canada Plan, which commits $53 billion in funding, including $476 million to projects in Manitoba under the New Building Canada Fund.
- It is estimated that at least 26,000 apprentices a year will apply for over $100 million in Canada Apprentice Loans.
- Red Seal trades include 57 skilled trades including bakers, bricklayers, carpenters, electricians, gasfitters, heavy equipment operators, ironworkers, machinists, painters, plumbers, sheet metal workers, and truck mechanics, to name a few.
- According to Statistics Canada, almost 360,000 people are enrolled in over 400 apprenticeship and skilled trades programs. But, only half of apprentices are completing their programs.
- There are approximately 2.9 million skilled trade workers in Canada which represent 17 percent of the workforce.
“Since 2006, our Government has recognized the important role that apprentices play in Canada’s economy and, to this end, has made significant investments to help apprentices and the employers that hire them. Now, thanks to the Canada Apprentice Loan, more Canadians are able to complete their training and become skilled journeypeople and fill in-demand jobs.”
– The Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages
“Our Government’s top priorities are creating jobs, economic growth, and long-term prosperity. Jobs in the skilled trades are in-demand in many sectors and regions across the country. We are taking concrete action to address this challenge by providing even more support for apprentices. This includes the introduction of the Canada Apprentice Loan, which will help more apprentices complete their training and encourage more Canadians to pursue a career in the skilled trades.”
– The Honourable Jason Kenney, Minister of Employment and Social Development
“In 2015 Red River College and the Province of Manitoba will break ground on a new 100,000 square foot state-of-the-art Skilled Trades and Technology Centre as jobs in the skilled trades are in high demand and one of our strategic priorities is to fuel Manitoba’s economy. We applaud The Government of Canada on today’s announcement and their commitment to continue to provide additional opportunities that further support the work being done by Apprenticeship Manitoba and our industry partners to help our apprentices achieve success.”
– David Rew, Interim President & CEO, Red River College