Financial Support

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 – Student Financial Assistance for alternative support measures available to you.

Employment Insurance

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

• Tradesperson’s Tools deduction - If you have purchased eligible tools to earn employment income as a tradesperson or apprentice, you may be able to deduct their cost, including any goods and services tax (GST), provincial sales tax (PST) or harmonized sales tax (HST) you paid.
• Apprentice mechanic tools deduction - You may also be able to deduct a part of the cost of eligible tools you bought to earn employment income as an eligible apprentice mechanic.
• Tuition Tax Credit and licensing examination fees - If you have eligible tuition fees, as well as certain licencing examination fees, you may be able to claim them on your income tax and benefits return.
• Education amount - If you have received a tax certificate from your educational institution, you may be able to claim the education amount.
• Textbook amount - If you qualify for either the full-time or part-time education amounts, you may also be able to claim the textbook tax credit.
• Labour Mobility Deduction - This deduction may be available to a tradesperson or apprentice and allow them to claim eligible temporary relocation expenses paid during the 2022 and subsequent taxation years.

For more information, visit the Canada Revenue Agency for a complete list of eligibility requirements for all tax credits and benefits available to you.

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.