2019 BUDGET: Liberals promise tax credit, EI benefit to help workers retrain

The moves are part of more than $1.7 billion in planned new spending over five years

2019 BUDGET: Liberals promise tax credit, EI benefit to help workers retrain

Canadians could soon be able to put $250 a year toward upgrading their skills, and get help to pay their bills during dedicated time off, because of measures in today’s federal budget meant to help workers prepare for shifts in the labour market.

The moves are part of more than $1.7 billion in planned new spending over five years, and hundreds of millions more thereafter, although that appears to fall short of what the government has been told is needed to help workers make decisions about their careers.

The Liberals are proposing to give every Canadian worker earning between $10,000 and about $150,000 a year a $250 refundable tax credit for training that can be saved up over time, a plan that is expected to cost $710 million over the next five years.

READ MORE: As deficit grows, feds spend on job retraining, home incentives

The budget says the credit is expected to launch in late 2020 — possibly a year after this fall’s federal election — and will apply to the costs of programs at eligible universities, colleges and training institutions.

The government also says it plans to create a new employment-insurance benefit to cover up to 55 per cent of earnings for those who take time off from a job to attend a training program, which will cost $1.04 billion over five years.

The benefit could push up EI premiums — the Liberals are promising a break to some small businesses to offset the “upward pressure” on premiums as a result — but the actual costs won’t be known until EI rates are set later this year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

2019 federal budget

Just Posted

A young Sicamous Canada Day parade-goer is awed by a colourful float filled with beloved Disney characters during the July 1, 2020 community event. (File photo)
Editorial: Now is the time for Sicamous to shine

Shuswap community might be just what people who work from home are looking for

Greyhound Canada announced May 13 it was closing operations permanently after more than a century of operation. (Black Press file photo)
COLUMN: Goodbye to a never forgotten friend

Greyhound bus trips played a big role in columnist’s life

The BC Conservation Officer Service (COS) handed out fines to two anglers on Shuswap Lake who were both casting more than one line, in violation of provincial regulations, Saturday, May 15, 2021. (COS photo)
Conservation officers snag Shuswap anglers for unlawful fishing

Two anglers were given $150 fines for casting two lines at once, against provincial regulations

The future of the Okanagan Lake watershed land use will be subject of a new study supported by a $300,000 grant from the Vancouver Foundation. (Contributed)
Grant to help develop Okanagan Lake protection strategy

Study receives $300,000 grant from the Vancouver Foundation.

As they carry out a FireSmart assessment in Salmon Arm, firefighters Carmen Guidos and Steve St. Denis show one of the easy-to-rectify fire hazards that can exist for unsuspecting residents. (Martha Wickett-Salmon Arm Observer)
Column: Lessons on welcoming a wildfire into your home

The View From Here by Martha Wickett

Daily confirmed COVID-19 cases reported to B.C. public health, seven-day rolling average in white, to May 12, 2021. (B.C. Centre for Disease Control)
B.C. preparing ‘Restart 2.0’ from COVID-19 as June approaches

Daily infections fall below 500 Friday, down to 387 in hospital

A man and woman, both 33 and from Kelowna, were arrested on Postill Lake Forest Service Road in possession of two stolen vehicles Friday, May 14, 2021. (File photo)
Kelowna duo arrested with stolen vehicles after ‘brief’ bicycle getaway attempt

A man and a woman were arrested on a forest service road on numerous pending charges

On Friday, May 14 at Meadow Gardens Golf Club in Pitt Meadows, Michael Caan joined a very elite club of golfers who have shot under 60 (Instagram)
Crowds at English Bay were blasted with a large beam of light from an RCMP Air-1 helicopter on Friday, May 14. THE CANADIAN PRESS/Marc Grandmaison
Police enlist RCMP helicopter to disperse thousands crowded on Vancouver beach

On Friday night, police were witness to ‘several thousand people staying well into the evening’

Lynda Saundry, born 1961, is charged with the murder of North Okanagan resident Barry Jones in July 2020. Saundry will appear in Vernon court May 17, 2021, to fix a date for a preliminary inquiry. (Facebook public photo)
North Okanagan murder suspect to be tried by judge and jury

Lynda Saundry is charged with the first-degree murder of Barry Jones in July 2020

Vernon Search and Rescue’s Legacy vessel is returning to Okanagan Lake for boating season, the society said Friday, May 14, 2021. (VSAR photo)
Vernon Search and Rescue vessel returns to Okanagan Lake

VSAR’s Legacy is back with a fresh coat of paint and some other upgrades

People shop in Chinatown in Vancouver on Friday, February 5, 2021. THE CANADIAN PRESS/Jonathan Hayward
Vancouver community leaders call for action following 717% rise in anti-Asian hate crimes

‘The alarming rise of anti-Asian hate in Canada and south of the border shows Asians have not been fully accepted in North America,’ says Carol Lee

Sinikka Gay Elliott was reported missing on Salt Spring Island on Wednesday, May 12. (Courtesty Salt Spring RCMP)
Body of UBC professor found on Salt Spring Island, no foul play suspected

Sinikka Elliott taught sociology at the university

The first Black judge named to the BC Supreme Court, Selwyn Romilly, was handcuffed at 9:15 a.m. May 14 while walking along the seawall. (YouTube/Screen grab)
Police apologize after wrongly arresting B.C.’s first Black Supreme Court Justice

At 81 years old, the retired judge was handcuffed in public while out for a walk Friday morning

Most Read