Do small businesses need to worry about the Canada Training Benefit?June 5, 20191 min read
The recent federal budget was supposed to be good news. The Canada Training Benefit would give workers money to help pay for training, provide income support during training, and offer job protection so that workers can take the time they need to keep their skills relevant and in-demand. Seems simple, but when you look deeper at the details – there may be some serious risks to small businesses in Canada.
"Canada's skilled labour shortage is getting worse, and small firms are the hardest hit," CFIB president Dan Kelly. "Providing a training benefit to workers is a positive step, but the needs of employers need to be factored into the equation." Employers would be required to provide leave and job-protection to employees regardless of the type of training an employee wishes to pursue, such as Latin classes or interpretive dance.
The program, well-intentioned, will have an impact on small businesses in Ontario and across Canada with a lot of scenarios and aspects to consider! We have an expert who can help.
Corey Houle, Principal at Freelandt Caldwell Reilly LLP, is an expert in the areas of small business strategy. Contact Corey to arrange an appointment regarding this topic by clicking the contact button below.