Premier Greg Selinger announces improved tax credits and hiring incentives to help employers hire more apprentices. Also pictured (L to R) are Greg Kalaitzakis, president of Minerva Painting and Decorating, signing an apprenticeship agreement with new apprentice Brandy Derby
March 20, 2014
BUDGET 2014: IMPROVED TAX CREDITS, HIRING INCENTIVES TO HELP EMPLOYERS HIRE MORE APPRENTICES
– – –
More Job Training will help Young People Build Careers in Manitoba: Premier Selinger
More Job Training will help Young People Build Careers in Manitoba: Premier Selinger
Improved tax credits for hiring apprentices and journeypeople, and a new
employer hiring bonus will make it easier for employers to hire apprentices and
deliver on-the-job training, Premier Greg Selinger announced today.
“We’re creating a new $1,000 bonus for businesses that hire apprentices for the first time and improving apprenticeship tax credits to increase the incentive to hire,” said Premier Selinger. “This will encourage businesses to train more Manitobans for well-paying jobs in the skilled trades including those being created by our record infrastructure investment plan.”
Under the plan, Apprenticeship Tax Credits will be made permanent and improved to a standardized rate of 15 per cent and a standardized maximum of $5,000 per hire for all levels of apprentices and newly certified journeypeople. The application process will also be streamlined, reducing red tape by eliminating the need for pre-approval and separate claims for each level of apprenticeship completed. The rural/northern tax credit for Level 1 and 2 apprentices will be improved by increasing the cap to $5,000 and continuing the higher rate at 20 per cent of wages and salaries.
“To grow our economy, we need more skilled workers,” said Jobs and the Economy Minister Theresa Oswald. “Working with business to create more apprenticeship training opportunities will open doors for young people and help them build their future in Manitoba.”
“The new employer hiring bonus is a great incentive for Manitoba businesses looking to engage with apprenticeship for the first time,” said Greg Kalaitzakis, president, Minerva Painting and Decorating. “As an employer ready to sign a first-time apprentice, this is timely for us and we’re taking the initiative to attract and develop Red Seal painters because a skilled workforce is integral to our growth and success in the industry.”
The premier said the initiatives announced today are part of Manitoba’s plan to create more opportunities for young people to build their futures at home by:
“We’re creating a new $1,000 bonus for businesses that hire apprentices for the first time and improving apprenticeship tax credits to increase the incentive to hire,” said Premier Selinger. “This will encourage businesses to train more Manitobans for well-paying jobs in the skilled trades including those being created by our record infrastructure investment plan.”
Under the plan, Apprenticeship Tax Credits will be made permanent and improved to a standardized rate of 15 per cent and a standardized maximum of $5,000 per hire for all levels of apprentices and newly certified journeypeople. The application process will also be streamlined, reducing red tape by eliminating the need for pre-approval and separate claims for each level of apprenticeship completed. The rural/northern tax credit for Level 1 and 2 apprentices will be improved by increasing the cap to $5,000 and continuing the higher rate at 20 per cent of wages and salaries.
“To grow our economy, we need more skilled workers,” said Jobs and the Economy Minister Theresa Oswald. “Working with business to create more apprenticeship training opportunities will open doors for young people and help them build their future in Manitoba.”
“The new employer hiring bonus is a great incentive for Manitoba businesses looking to engage with apprenticeship for the first time,” said Greg Kalaitzakis, president, Minerva Painting and Decorating. “As an employer ready to sign a first-time apprentice, this is timely for us and we’re taking the initiative to attract and develop Red Seal painters because a skilled workforce is integral to our growth and success in the industry.”
The premier said the initiatives announced today are part of Manitoba’s plan to create more opportunities for young people to build their futures at home by:
- investing in better schools with smaller classes,
- working with businesses to create more apprenticeship training opportunities, and
- supporting modern colleges and universities that prepare young Manitobans for the in-demand jobs of tomorrow.
- 30 -
No comments:
Post a Comment