The Alberta government is supporting employers who create new jobs in Alberta during this period of higher unemployment and weaker oil prices.
How does it work?
The program will encourage hiring by providing grants to employers for creating net new employment on or after January 1, 2016. Grants will be worth up to $5,000 for each new job, with a cap of 100 new full-time jobs.
Grants will be calculated using the same insurable earnings data that employers must submit to the federal government.
Who is eligible?
Grants will be made available on a first-come, first-serve basis to eligible employers including:
- small and medium enterprises
- registered charities
- other non-profit entities
Government entities such as hospitals, schools and other levels of government will not be eligible.
This plan will be the most extensive program of its kind in Canada. It will support organizations of all sizes and employment across all non-public sectors.
What is the cost of the program?
Government is investing a total of $178 million over the course of two calendar years. The Job Creation Incentive Program will support employers in creating up to 27,000 new jobs a year. The actual number will vary depending on the types of positions and wage levels. For example, if most applications are at the high end of the grant cap, that number would likely be closer to 18,000 new jobs.
How is net new employment calculated?
Grants will be calculated using insurable earnings data that employers must submit to the federal government. Net new employment is determined from employment in 2016 over 2015 to determine the employer’s grant eligibility for 2016.
When will the program start?
The program will launch in spring 2016.
Further details on the program, application requirements and procedures will be made available at a later date.
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