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Small Business, Big Investment: Improving Training for Tomorrow’s Workforce

This report provides an overview of the training landscape within small businesses in Canada. 

Canadian entrepreneurs invest billions of dollars and millions of hours each year on training to ensure employees have the necessary skills to succeed in the workplace and enhance the business’s productivity.

Based on a survey of 6,705 responses, the report finds that nearly all (95 per cent) small businesses offer formal training, informal training, or a combination of both.  On average, business owners invested $1,907 and/or approximately 75 hours of training per employee.

The report concludes that these contributions to training Canada’s workforce are largely unrecognized by governments.  It recommends that federal, provincial and territorial governments consider policy options to encourage all training, including offering a tax credit that recognizes informal training.