Financial Incentives for Employer Sponsors

Incentive

Description

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Administered

Apprenticeship Job Creation Tax Credit (AJCTC)

A non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice.

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Canada

Apprentice Completion Bonus

A $1000 taxable cash grant for each apprentice employed and trained who completes their apprenticeship, receives a Certificate of Apprenticeship and their Certificate of Qualification.

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Ontario

Employer Signing Bonus

The $2,000 Employment Signing Bonus encourages employers in the trades to register new apprentices in sectors where there is a high demand for skilled workers. This initiative will assist employers to hire and register apprentices who have left school and require upgrading to meet the registration standards for apprenticeship training.

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Ontario