Financial Incentives & Loans

Canada Canadian Federal Government – Employment and Social Development (ESDC)  

Ontario  Ontario Provincial Government – Ministry of Labour, Training, and Skills Development (MLTSD)

Financial Incentives & Bursaries for Apprentices

Financial Incentive

Description

For More Information

Administered by:

Apprenticeship Incentive Grant (AIG)

Taxable cash grant of $1,000 per year, up to a maximum of $2,000 per person, available to registered apprentices once they have successfully finished their first or second year/level (or equivalent) of an apprenticeship program.
*Note: There is an application deadline period.

www.ontario.ca/page/financial-supports-apprentices

Ontario

Apprenticeship Completion Grant (ACG)

Taxable cash grant of $2,000 maximum available to registered apprentices who have successfully completed their apprenticeship training and obtained their journeyperson certification in a designated trade on or after January 1, 2009.
*Note: There is an application deadline period.

www.ontario.ca/page/financial-supports-apprentices

Ontario

Tool Grant

A non-repayable tools grant is available for apprentices.

As an apprentice, this grant will help you pay for tools and equipment for your trade.

The amount of the grant depends on the type of trade you’re apprenticing in. $400.00 for Service Trades.

www.ontario.ca/page/financial-supports-apprentices

Ontario


While Attending In-Class Training

Employment Insurance (EI) for Apprentices in School Training

Apprentices may be eligible to collect EI while participating with in-class training. EI Fast track codes are provided to the apprentice in the letter of acceptance for in-class training.

www.canada.ca

Canada

Support for Non-EI Qualified Apprentices in School Training

A financial incentive for apprentices who DO NOT qualify for EI. The apprentice will need to acquire a letter from Service Canada stating they were not eligible for EI before  applying. If approved, this funding comes at the end of the in-class training.

www.tcu.gov.on.ca

Ontario

Apprentice Development Benefit (In-School Financial Support)

The Ministry of Labour, Training,  and Skills Development offers potential funding support for the following:

  • basic living expenses
  • dependent care
  • commuting and travel
  • expenses for living away from home
  • special assistance for persons with disabilities

www.ontario.ca/page/financial-supports-apprentices

Ontario

Apprenticeship Scholarship, Ontario Horticultural Trades Foundation

Scholarships available, for students in the horticulture apprenticeship program at an accredited college or university across Ontario. Application deadline – June 30 2023

https://www.ohtf.ca/scholarships

Landscape Ontario
 

 

Loans for Apprentices

Canada Apprentice Loan

The Apprentice can apply for up to $4,000 in interest-free loans per period of technical training. The money will be available to you to help pay for tuition, tools, equipment and living expenses, to cover forgone wages or to help support your family.

 

www.pca-cal.ca

Canada

 

For More Information:

Ministry of Labour, Training, and Skills Development (MLTSD) Apprentice Incentive website www.tcu.gov.on.ca
Government of Canada, Support for Apprentices website www.esdc.gc.ca