As part of its strategy to shield Ontario workers from the impacts of U.S. tariffs and global economic uncertainty, the provincial government is significantly expanding its Skills Development Fund (SDF). An additional investment of nearly $1 billion over the next three years will bring the total SDF funding to $2.5 billion.
This expanded funding will support retraining and upskilling initiatives, especially for workers affected by job losses linked to international trade pressures. The goal is to ensure Ontarians can secure good-paying jobs and help bolster the province’s economy.
“We’re already seeing the impact of President Trump’s tariffs and the economic uncertainty he has created on Ontario workers,” said Premier Doug Ford. “My message to these workers and their families is clear: We’ll always have your backs.”
Starting in 2025–26, the government will allocate $955 million in new investments, including $705 million through the 2025 Ontario Budget for the SDF Training Stream. This builds on a previous $100 million announced in January 2025, aimed at supporting training projects in vulnerable sectors like manufacturing and healthcare.
An additional $150 million over three years will go toward the SDF Capital Stream to help organizations expand and modernize training facilities, ensuring more workers receive high-quality, hands-on training that leads to higher wages and stable employment.
“Ontario’s prosperity is built with the hands of skilled workers,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development. “Through this historic investment, we are reinforcing our commitment to equip workers with the tools and opportunities they need to thrive.”
Peter Bethlenfalvy, Minister of Finance, added, “Our government continues to prioritize our workforce as Ontario’s greatest resource. These investments support workers and businesses, ensuring our long-term economic strength.”
Details of this broader plan will be outlined in the 2025 Ontario Budget, set to be released on May 15, 2025.
