1. Ontario Loans for Tools Program
Apprentices in the construction trades are eligible to receive $400.00 towards the purchase of tools. This interest free loan is due and payable one year after completing the apprenticeship program.
2. Apprenticeship Income Support Grant
Grants of up to $1500.00 per term will be available to help apprentices with the cost of school if they are not eligible for employment insurance.
Certain requirements must be met:
- Apprentice must successfully complete in-school training
- Notification of non-EI eligibility received from Service Canada must be provided
3. Certificate of Qualification (C of Q) Examination Preparatory Assistance
The Ministry of Advanced Education and Skills Development (MAESD) has instituted an initiative which supports apprentices and Certificate of Qualification challenger success on the C of Q exam. The initiative involves the addition of 5 days of dedicated exam preparation content to the final level of apprenticeship classroom training. The C of Q exam is delivered on the last day of the additional week.
4. Back-to-Back Schooling
MAESD will be giving apprentices the choice to complete more of their in-school training up front if work placements are temporarily unavailable.
1. Apprenticeship Incentive Grant (AIG)
The AIG is a taxable cash grant of $1,000.00 per year or level, up to a maximum amount of $2,000.00 per apprentice. It is available to apprentices once they have completed their first and/or second year or level of an apprenticeship program in a designated Red Seal Trade.
Applications may be obtained at:
2. Apprenticeship Completion Grant (ACG)
The ACG is a taxable cash grant of $2,000.00 for registered apprentices who complete their apprenticeship training and obtain their journeyperson certification in a designated Red Seal trade.
Applications may be obtained at: https://www.canada.ca/en/employment-social-development/services/apprentices/grants.html
3. Tradesperson’s Tools Deduction
The Tradesperson’s Tools Deduction provides employed tradespersons with an annual deduction of up to $500.00 to help cover the cost of new tools necessary for their trade. The deduction applies to the total cost of eligible tools if:
- The total cost exceeds $1,000.00;
- The tools were purchased after May 1, 2006;
- The purchase was made by an employed tradesperson
For more information visit http://www.esdc.gc.ca/en/support_apprentices/tax_deductions_apprentices.page
4. Canada Apprentice Loan (CAL) Program
CAL is loan funding offered by the Government of Canada to apprentices registered in a Red Seal trade apprenticeship program who are enrolled in any of the mandatory levels of in-school training. CAL is meant to help apprentices pay for tuition, tools, living expenses, cover forgone wages or support their families. Apprentices may be eligible to receive loans of up to $4000.00 for each in-school training session they attend and may have up to 6 years of interest free status in order to repay the loan(s).
For more information and to apply, please visit www.esdc.gc.ca/en/support_apprentices/loans.page