Financial Incentives/Assistance - Apprentices
To view or print a summarized, printable version of the information below, click here. If you want to learn more details about the different incentives the government offers, please click here to find and call your local MTCU office in your area.


Apprenticeship Completion Grant: a $2,000 taxable cash grant for apprentices who complete their apprenticeship training and obtain Red Seal endorsement or a provincial or territorial Certificate of Qualification in a designated red seal trade.
 

Apprenticeship Incentive Grant (AIG): the AIG is a taxable cash grant of $1,000 per year for registered apprentices once they have successfully completed their first or second year/level (or equivalent) of an apprenticeship program in one of the red seal trades


Loans for Tools: a program offering new apprentices a loan to assist in the purchase of the tools and equipment required of the trade


Employment Insurance: provides temporary financial assistance for unemployed Canadians while they look for work or upgrade their skills


Targeted Wage Subsidy: As of August 1st 2010 The Targeted Wage Subsidy program is no longer being offered; these kinds of services can now be obtained through Employment Ontario Employment Service providers Click this link to find a Employment Service delivery site in your community.


Ontario Student Assistance Program (OSAP): OSAP provides eligible Ontario students with financial assistance to help pay for their tuition, books, mandatory fees, living costs and transportation


Apprenticeship Scholarship/ Signing Bonus (AS/SB):  a $1,000 Apprenticeship Scholarship for youth entering into apprenticeships and requiring skills upgrades


Job Connect: Please note,As of August 1st 2010 most Job Connect offices are now part of the Employment Ontario Employment Services network offering a full range of employment services. Click this link for a employment service delivery site in your community.


Self Employment Benefit: provides unemployed people who are or have recently been eligible for Employment Insurance with income and entrepreneurial support while they develop and start their business


The Holmes Foundation: the mission of The Holmes Foundation is to ensure that all residential renovation and construction in Canada is done right–the first time; the foundation supports the training of youth in the skilled trades, through apprenticeships, scholarships and bursaries


 

There has been a number of changes to the Grants and Tax Credits. We are doing our best to stay current and accurate.

 

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