In today’s competitive economy, training is critical to the success of a business. But training can be expensive. Financially, OYAP participation can be beneficial to your business: 

	Through OYAP, employers are provided with the opportunity to assess students before committing to employment or apprenticeship.
	WSIB coverage is provided by the Ministry of Education during the contract as long as the student is not paid a wage.
	OYAP provides employers with information on where to access wage subsidies to assist with the initial hiring costs of OYAP graduates and summer students.

There are also a number of financial assistance programs to encourage and support employers in taking on apprentices.  They include:

Apprenticeship Job Creation Tax Credit (AJCTC) – Employers can claim up to $2000/year for the wages of each eligible apprentice.

Apprenticeship Training Tax Credit (ATTC) – Employers can claim up to $10,000 per apprentice for wages in the first 48 months of their apprenticeship program.