Did you know?
Employers may be eligible to receive provincial Employment Ontario Training Incentive funds and/or an Apprenticeship Signing and Completion Bonus to offset the initial costs of training new apprentices. For more information on these funds, please contact The Career Foundation office closest to you.
There are also government apprenticeship loans for tools and school fees, as well as apprenticeship tax credits, and grants for completion of school terms and qualification exams.
Loans for Tools: Loans of up to $800, depending on the trade, for first year apprentices when they register.
Graduated Apprenticeship Grant for Employers: Grants of up to $19,200 for apprentices that complete key milestones, earn final certifications, or are from an underrepresented group (women, Indigenous peoples, Francophones, people with disabilities, newcomers or racialized people).
Canada Apprentice Loan: Loans of up to $4,000 for apprentices per period of technical training in school.
Apprenticeship Incentive Grant: Grants of up to $1,000 for apprentices per year, to a maximum of $2,000, upon completion of an in-class portion of apprenticeship training in a Red Seal trade.
Apprenticeship Completion Grant: Grants for former apprentices of up to $2,000 upon obtaining journeyperson certification in a Red Seal trade.
Trades Person’s Tools Deduction: Deduct on your annual income tax the cost of eligible tools purchased, including HST.