|By PR Newswire||
|March 21, 2014 10:30 PM EDT||
OLDS, AB, March 21, 2014 /CNW/ - Today, the Honourable Jason Kenney, Minister of Employment and Social Development, commended Olds College for preparing young Canadians to succeed in today's economy.
During his speech at Olds College's annual gala, Minister Kenney made particular reference to the impressive array of programs, each one with a proven record of ensuring Canadian youth get the skills employers are looking for in today's economy. Olds College is leading the way in training Canadian youth for jobs that are in demand in various sectors of the economy.
The Government of Canada is encouraging more Canadians to enter the skilled trades and employers to be more involved and invest in training. Through support for training programs, along with grants and tax credits, the Government of Canada encourages apprenticeships and careers in the skilled trades. Minister Kenney highlighted the need to encourage more young Canadians to consider a future in the skilled trades.
Through Economic Action Plan 2014, the Government is proposing the Canada Apprentice Loan to provide apprentices in Red Seal trades with access to interest-free loans of up to $4,000. This initiative will help more apprentices to complete their training.
The Government is also helping youth make better choices and get the skills and training that employers are looking for by enhancing learning and labour market information so they can make more informed education and career choices.
- One quarter of all English-speaking agricultural diploma recipients in Canada are Olds College graduates. The college's programs continue to evolve to meet the changing needs of industry and entrepreneurs.
- Ninety-six percent of Olds College graduates get jobs in their chosen fields within six months of graduating.
- A recent economic impact study found that Olds graduates in the regional workforce generated $99.7 million in added income through their higher earnings and the increased productivity of their employers.
- Countries with more young people graduating from vocationally focused programs reduce the risk of unemployment, according to the Organization for Economic Co-operation and Development's Education at a Glance 2013 report.
"Our government's top priorities are creating jobs, economic growth and
long-term prosperity. Olds College is doing a tremendous job preparing
Canadian youth for in-demand jobs in today's economy. Olds College is a
model for educators everywhere in ensuring that education and training
lead to jobs for graduates."
- The Honourable Jason Kenney, Minister of Employment and Social Development
Support for Youth and Apprentices
Support for apprentices
The Apprenticeship Incentive Grant and Apprenticeship Completion Grant are taxable cash grants that encourage Canadians to pursue and complete apprenticeship training in designated Red Seal trades. As a result of these grants, apprentices could be eligible to receive up to $4,000, which can be used to pay for tuition, tools or other expenses.
The Government of Canada also offers a tax credit to employers to encourage them to hire apprentices and a tax deduction for apprentices and tradesmen to help cover the cost of new tools.
Through Economic Action Plan 2013, the Government of Canada introduced measures to support apprentices and the skilled trades. This included encouraging the use of apprentices in federal construction and maintenance contracts and infrastructure projects, working with the provinces and territories to harmonize apprenticeship training and certification, and examining the use of practical tests as an assessment in certain skilled trades.
Economic Action Plan 2014 also proposes the Canada Apprentice Loan to provide apprentices registered in their first Red Seal trade with access to interest-free loans of up to $4,000 per period of technical training. This initiative will help more apprentices to complete their training and encourage more Canadians to consider a career in the skilled trades. The Government also plans to introduce the new Flexibility and Innovation in Apprenticeship Technical Training pilot project that will explore ways to allow apprentices to continue working while fulfilling the technical training requirements of their programs.
Tax credits and exemptions
Eligible students and apprentices may also benefit from a number of tax credits:
- Tuition tax credit: eligible fees paid to an educational institution may be eligible for the tuition tax credit. This includes licensing examination fees for skilled trades, such as examination fees paid to an educational institution, professional association, provincial ministry or other similar institution to take an occupational, trade or professional examination that is required to obtain a professional status or to be licensed or certified as a tradesperson.
- Education and textbook tax credits: a student may be entitled to claim non-tuition related costs of post-secondary education such as textbooks.
- Employed tradespersons tax credit: eligible apprentices may be able to deduct the cost of eligible tools purchased to earn employment income as a tradesperson.
- Tax exemption for all post-secondary scholarships and bursaries.
The Government of Canada also offers a tax credit to employers to encourage them to hire apprentices, including the Apprenticeship Job Creation Tax Credit (AJCTC). The AJCTC is a non-refundable tax credit equal to 10 percent of the eligible salaries and wages payable to eligible apprentices.
Youth Employment Strategy
The Youth Employment Strategy (YES) is the Government of Canada's commitment to help youth make a successful transition to the workplace. With annual funding of approximately $300 million, YES helps youth obtain career information, develop employment skills, find jobs and stay employed. YES includes the Skills Link and Career Focus programs and the Canada Summer Jobs initiative, which creates thousands of job opportunities for students every summer. Since 2006, the Youth Employment Strategy has helped more than 555,000 young people develop skills, to the benefit of the Canadian economy.
Initiative to provide youth with internships in high-demand fields
Through Economic Action Plan 2014, the Government of Canada is introducing an initiative to provide internships in high-demand fields to better align youth programming with the evolving realities of the job market and provide young Canadians with real-life work experience in high-demand fields such as science, technology, engineering, mathematics and the skilled trades.
The Government will strengthen youth programming by dedicating $40 million toward supporting up to 3,000 full-time internships for post-secondary graduates in high-demand fields for 2014-2015 and 2015-2016.
Of this amount, up to $30 million would be provided to the National Research Council's Industrial Research Assistance Program to support youth internships in small and medium-sized enterprises undertaking technical research and development projects. The remaining $10 million will be delivered by Employment and Social Development Canada under the Career Focus component of the Youth Employment Strategy.
Enhanced labour market information
Economic Action Plan 2014 announced the creation a modernized and easy-to-use consolidated National Job Bank, providing job seekers and employers with timely access to job postings and consolidated labour market information.
This initiative complements recent and ongoing investments to provide better and timely labour market information. This information will help to inform young people about fields of study that are relevant to existing and forecasted demand for labour in particular occupations to help students make better choices about their education. Is it also are part of an ongoing strategy to leverage technology to better connect unemployed Canadians with available jobs.
SOURCE Employment and Social Development Canada
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 2, 2016 01:45 AM EDT Reads: 1,253
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
May. 1, 2016 11:00 PM EDT Reads: 1,587
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
May. 1, 2016 08:00 PM EDT Reads: 1,844
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 1, 2016 07:00 PM EDT Reads: 746
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 1, 2016 06:00 PM EDT Reads: 1,150
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 1, 2016 06:00 PM EDT Reads: 810
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 1, 2016 05:00 PM EDT Reads: 1,019
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
May. 1, 2016 04:30 PM EDT Reads: 1,477
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 1, 2016 04:00 PM EDT Reads: 937
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 1, 2016 03:15 PM EDT Reads: 1,034
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
May. 1, 2016 01:30 PM EDT Reads: 1,572
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 1, 2016 01:30 PM EDT Reads: 817
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
May. 1, 2016 01:00 PM EDT Reads: 1,750
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 1, 2016 12:45 PM EDT Reads: 824