Financial Support

To promote the growth of trades, many financial supports are available to apprentices, tradespeople and those who hire apprentices.

Government of Canada Financial Incentives

Apprentices

The Canada Apprentice Loan

The Canada Apprentice Loan provides up to $4,000 per period of technical training to apprentices in Red Seal trades to help them complete their training.

Application deadline: Apprentices can apply up to 2 days before they complete their technical training. Visit the Canada Apprentice Loan Online Service for more details and to apply online.

Note:

The Canada Apprentice Loan is not offered in Quebec. Please contact Quebec for alternative support measures available to you.

Apprenticeship Incentive Grant

The Apprenticeship Incentive Grant is a taxable cash grant of $1,000 per year or level, up to a maximum amount of $2,000 per person.

The grant is for registered apprentices who successfully complete the first or second year/level (or equivalent) of an apprenticeship program for a designated Red Seal trade.

Application deadline: There is a deadline to apply. To access the online form, for more information on the deadline, eligibility criteria, and which supporting documents are required, please visit the Apprenticeship Grants website or call 1 866 742-3644 (TTY : 1 866 909-9757).

Find out if you are eligible and how to apply for the Apprenticeship Incentive Grant.

Apprenticeship Incentive Grant for Women

Apprenticeship Incentive Grant for Women pilot will end March 31, 2023. Applications will not be accepted after this date.

The Apprenticeship Incentive Grant for Women provides $3,000 per year or level, up to a maximum amount of $6,000, to registered apprentices who have successfully completed their first or second year/level of an apprenticeship program in eligible Red Seal trades. Women apprentices who progress in their training between April 1, 2018 and March 31, 2023, which is the last date for applications, may be eligible for the grant.

Find out if you are eligible and how to apply for the Apprenticeship Incentive Grant for Women.

Apprenticeship Completion Grant

The Apprenticeship Completion Grant is a taxable cash grant of $2,000 per person. The grant is for registered apprentices who successfully complete their apprenticeship training and obtain journeyperson certification in a designated Red Seal trade.

Application deadline: There is a deadline to apply. To access the online form, for more information on the deadline, eligibility criteria, and which supporting documents are required, please visit the Apprenticeship Grants website or call 1 866 742-3644 (TTY : 1 866 909-9757).

Find out if you are eligible and how to apply for the Apprenticeship Completion Grant.

Employment Insurance

Apprentices may also be eligible for Employment Insurance during periods of in-school apprenticeship training.

Tradespersons

Tradesperson’s Tools Deduction

The Tradesperson’s Tools Deduction is an Annual tax deduction of up to $500 to help tradespersons cover the costs of new tools necessary for their trade. See the trades section of the Canada Revenue Agency website for details.

Employers

Apprenticeship Job Creation Tax Credit

The Apprenticeship Job Creation Tax Credit is a non-refundable tax credit for employers that is equal to 10% of the eligible salaries and wages payable to eligible apprentices. Maximum credit is $2,000 for each eligible apprentice. See the Canada Revenue Agency website for details.

Provincial and Territorial Financial Support

Learn what financial support is available to apprentices and tradespeople in your province or territory.

British Columbia ITA, WorkBC