Financial Incentives & Loans
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. | ||
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. | ||
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. | ||
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. | ||
In-School Financial Support | The Ministry of Labour, Training, and Skills Development offers potential funding support for the following: ➜ Dependent Care ➜ Travel (certain distance away from in-class training) ➜ Living Away from Home (only when required) | These funding supports are presented by the MLTSD to the apprentice during their first day of in-class training. If you would like more information, please contact the MLTSD | |
Apprenticeship Scholarship, Landscape Ontario | Five, $600 scholarships, for students in the horticulture apprenticeship program at an accredited college or university across Ontario. Application deadline – June 30, 2021 |  | |
Loans for Apprentices | |||
Loans for Tools Program | The Loans for Tools program offers new apprentices a loan to help them buy the tools and equipment they need to perform the trade in which they are registered. | ||
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.
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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
