Funding & Financing Options
Funding & Financing Options
Investing in a Bright & Successful Future
We know making a financial investment into changing or starting a new career isn't an easy decision to make - that's why we offer several different funding and financing options to help make that step a bit easier for you. Take a look at the different options below to see if there's public or corporate funding available to you! You can also contact your local employment agency and speak with an advisor regarding available funding. If you do not qualify for public or corporate funding, we have more options for you. We offer affordable and flexible financing options through Paybright Canada so that you can make smaller, more manageable payments while you learn!
Second Career Funding
Funding for New Career Development
You can receive up to $28,000 in funding through the Ministry of Training Colleges and Universities to train for in-demand jobs. This includes commercial driver training - an industry facing a huge labour shortage.
Second Career funding will cover various aspects of your training, including:
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Tuition
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Books
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Manuals, workbooks or other instructional costs
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Transportation
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Basic living allowance (maximum $410 per week)
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Child care
To qualify, you must meet the following requirements:
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you have been laid off and are not working
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you have been laid off and are working a temporary job just to cover costs
Funding amounts vary with each individual's situation. Contact your local employment agency to find out more. You can also give us a call and we would be more than happy to to get you in contact with someone!
If you’re receiving Employment Insurance (EI), or have in the past, you can still apply. For more information, visit ontario.ca/page/second-career.
Canada Ontario Job Grant
Financial Support for Employers
The Canada Ontario Job Grant provides financial support to employers to help them train new or existing employees for new skills on the job.
The government will provide up to $10,000 per person in training costs, but the training must be completed by an eligible third-party trainer.
Important information for employers: If you have 100 or more employees you will need to contribute 1/2 of the cost of training. However, small employers with less than 100 employees only need to contribute 1/6 of the cost of training.
For more information regarding the COJG or for the official application, please visit tcu.gov.on.ca/eng/eopg/cojg/.
Other Funding Sources
Choose the Funding that Applies to You
Sign-on Bonuses: Some trucking companies offer a sign on bonus which vary in size, but can be as high as $6,000. This goes a long way to reimbursing you for the cost of your training.
March of Dimes: You may be eligible for funding through Ontario March of Dimes (www.marchofdimes.ca).
Canadian Forces Personnel: Funding may be available through SISIP for retired military personnel or through Canvet for veterans assistance.
First Nations or Métis: Contact your local band office to see if there are funding dollars available to you. Additional funding may be available through the Metis Nation of Ontario (http://www.metisnation.org/).
Skills Link: Individuals between 15-30 years old may qualify for a grant through the Skills Link program. Contact your local employment agency to learn more.
Paybright Canada
Affordable Financing Plans
If you do not qualify for public or corporate funding but still want to jump-start your career by getting the training you need, you may qualify for flexible financing plans. This way, you can pay while you train through multiple affordable payments.
To learn more, click the link below.
