The federal government has announced new financial incentives for those who acquire skills in in-demand occupations in Canada. The announcement was made by Finance Minister François-Philippe Champagne while presenting the 2026 Spring Economic Report. Candidates who successfully complete the ‘Red Seal’ certification will receive a one-time bonus of $5,000. The government aims to invest $6 billion over the next five years in training and hiring to address growing labour shortages in sectors such as housing, infrastructure development and defence.
Under the program, apprentices will receive financial assistance of $400 per week (up to $16,000 total) while they participate in mandatory in-class technical training. The Red Seal certification is a national standard recognized for employment across the country. The scheme aims to create one lakh skilled workers by 2030-31. In addition, the government will ensure entry-level jobs with salaries to provide entry into the workforce for youth between the ages of 15 and 30.