March 21, 2014– Edmonton, Alberta – Employment and Social Development Canada
The Government of Canada is helping equip young Canadians in Edmonton with the skills and work experience needed to get high-quality jobs, announced the Honourable Jason Kenney, Minister of Employment and Social Development.
The Somali Canadian Education and Rural Development Organization of Edmonton is receiving more than $351,000 from the Skills Link program to help 36 Somali-Canadian youth facing barriers to employment get the skills and knowledge they need to find jobs. The participants will gain valuable hands-on experience to prepare for jobs in high-demand fields including the oil and gas industry.
As Canada is facing labour shortages, the Government is investing in youth employment, skills and apprenticeship programs to help connect young Canadians with available jobs. Through Economic Action Plan 2014, the Government is ensuring that investments in youth employment provide young Canadians with real-life work experience in high-demand fields such as science, technology, engineering, mathematics and skilled trades.
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Post-secondary Education
The Government of Canada provides a range of support—including Canada Student Loans, Canada Student Grants, the Canada Learning Bond and the Canada Education Savings Grant—to help young Canadians pursue and save for their post-secondary education in order to acquire the skills and training they need to succeed in the job market and in the future economy.
Canada Student Loans and Grants support students across Canada with the exception of Quebec, the Northwest Territories and Nunavut, which receive alternative payments from the Government of Canada to operate their own student financial assistance programs.
The Canada Learning Bond is $500 deposited into a child’s Registered Education Savings Plan (RESP). A child may be eligible for another $100 per year, up until the age of 15, depending on family income. The maximum amount that a child can get is $2,000.
Through the Canada Education Savings Grant, 20 percent on every dollar parents contribute is added to an RESP. A child could receive up to $500 a year with this grant, up to a lifetime maximum of $7,200. A child could also receive an additional 10 to 20 percent on the first $500 that is contributed, depending on family income.
