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APPRENTICESHIP INCENTIVES/SUBSIDIES

Program

For the Employer

How Much $

Apprenticeship Job Creation Tax Credit

http://www.cra-arc.gc.ca/whtsnw/

pprntcshp-eng.html

Up to $2000/year for the first 2 years of apprenticeship

Up to $2000

Apprenticeship Employer Signing Bonus (AESB)

www.ontario.ca/en/services_for_

business/index.htm

For Employers who hire, register and train apprentices according to Employment Ontario Employment Services Job Matching, Placements & Incentives program

$2000 Total (2 payments of $1000)

Apprenticeship Training Tax Credit

http://www.rev.gov.

on.ca/en/credit/attc/

Apprenticeship Training Tax Credit to read up to $5,000/year for the first 3 years.

Up to $15,000

Co-operative Education Tax Credit

A refundable tax credit available to employers operating unincorporated businesses who hire students enrolled in university/college co-operative education

$3000 max per student per work term

Employment Ontario

Employment Services

Training incentive dependent upon duration of apprenticeship placement and complexity of training

$6000 max

OYAP: Ontario Youth Apprenticeship Program

Employers can have students as an apprentice while they are still in high school (as early as Grade 11). OYAP students are exempt from ratio while on placement

 

Summer Job Service

Employers can hire students for the summer (must be returning to school in Sept.)-possible $2/hr wage subsidy

$1280 potential

Tradesperson Tool Deduction

http://www.cra-arc.gc.ca/

whtsnw/tls-eng.html

Apprentices and Journeypersons can write off ½ of their yearly tool purchases which total up to $1000 (write off up to $500)

Up to $500 yearly

Employer Completion Bonus

The employer bonus provides $1000 to employers or sponsors whose apprentices complete an apprenticeship program in any trade or occupation

$1000

IMPORTANT WEB SITES:

 

SERVICE CANADA                                     www.servicecanada.gc.ca

MINISTRY OF TRAINING,

   COLLEGES & UNIVERSITIES                www.edu.gov.on.ca/eng/tcu

ONTARIO MINISTRY OF REVENUE          www.rev.gov.on.ca/en     

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