Government Funding Program to Support Young Canadian Workers
Trudeau is marking his 100th day as the leader of Canada by announcing his intentions to double the amount of money being allocated to The Canada Summer Jobs Program. The program is part of the Youth Employment Strategy that Trudeau has promised to allocate $300 million towards over three years in an effort to create jobs and provide work experience for students between 15 and 30.
The program has been around for several years and has proven itself an effective tool to help boost employment among young Canadians. Last year, $106 million was spent on the Canada Summer Jobs Programs, which assisted with the creation of 34,000 summer jobs for Canadian students. Trudeau wants to create an additional 35,000 summer jobs, more than doubling the amount created under our last government.
The Canada Summer Jobs Program offers a wage subsidy of 50% for private-sector companies to hire students between the ages of 15 and 30 for full-time summer jobs. Maximum funding is capped at $300,000/company, but can be provided for more than one new hire.
The program will provide successful applicants with valuable work experience, coinciding with the Liberal Party’s platform, stating that, “It is time to invest in young Canadians, to help them get the work experience they will need to start their careers and contribute fully to our economy.”