Supplementary funding to recognize
On behalf of the Honourable Jason Kenney, Minister of Employment and Social Development, Ryan Leef, Member of Parliament for Yukon, and Elaine Taylor, Yukon Deputy Premier and Minister of Education, announced today the signing of the full agreement for the Canada Job Fund, which includes the creation of the Canada Job Grant, with the Government of Yukon.
Through the Canada Job Fund, the Government of Canada will provide $500 million annually to the provinces and territories for investments in skills training. Under the Canada–Yukon Job Fund Agreement, Yukon will receive a total of $1 million per year: $500,000—its per capita share of the available funding— plus $500,000 in supplementary funding to recognize the distinct labour market needs of the territories. This is a 100% increase in annual funding to Yukon compared to the original agreement.
The Canada Job Fund includes the creation of the Canada Job Grant. The Canada Job Grant is an innovative, employer-driven approach to help Canadians gain the skills and training they need to fill available jobs. It is designed to be flexible enough to meet the needs of businesses of all sizes, in all industries and regions. By requiring employers to invest in their people, the Canada Job Grant will result in training that leads to guaranteed jobs.