Act to promote workforce skills development and recognition
By its real name, the Act to promote workforce skills development and recognition is sometimes referred to as the Skills Act, Bill 90 or simply the 1% Act.
Employers who have to comply are required to invest an amount equivalent to a minimum of 1% of their payroll in training and skills development for their employees.
It’s important to pay particular attention to the eligible expenses that can be claimed.
Annual declaration
If your payroll exceeds $2 million for 2022, you have until June 30, 2023 to file your return.
If your investment in training does not reach 1% of your payroll, this amount must be paid into the Fonds de développement et de reconnaissance des compétences de la main-d’œuvre.
As well as attracting and retaining staff, and boosting productivity, efficiency and the quality of your products and services, training and skills development also contribute to your organization’s competitiveness and adaptability, in an era of major digital transformations and innovation.
The practice of forward-looking management of jobs and skills enables you to plan your training strategically and make the most of this obligation to which you are subject.
Support
Would you like coaching in strategic training planning and competency management, or simply help with your reporting? Call on our Human Capital team today!
