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 – Student Financial Assistance for alternative support measures available to you.
Apprenticeship Incentive Grant (AIG)
Changes to the Apprenticeship Incentive Grant
Note:
The Apprenticeship Incentive Grant will end on March 31, 2025. Applications will not be accepted after this date.
The Government of Canada will continue to support apprentices financially as they are unemployed and progress through their technical training. Apprentices can access Employment Insurance benefits and up to $20,000 in interest-free Canada Apprentice Loans. Apprentices can apply for a CAL as early as 3 months before the start of their technical training and can receive funding as early as day one of their training while they wait for their Employment Insurance claim to be processed for payment.
Project funding for organizations providing apprenticeship support to individuals is available under the Canadian Apprenticeship Strategy.
Visit Supports for skilled trades and apprenticeship for information.
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 Completion Grant (ACG)
Changes to the Apprenticeship Completion Grant
Note:
The Apprenticeship Completion Grant will end on March 31, 2025. Applications will not be accepted after this date.
The Government of Canada will continue to support apprentices financially as they are unemployed and progress through their technical training. Apprentices can access up to $16,000 in Employment Insurance benefits and up to $20,000 in interest-free Canada Apprentice Loans. Apprentices can apply for a CAL as early as 3 months before the start of their technical training and can receive funding as early as day one of their training while they wait for their Employment Insurance claim to be processed for payment.
Project funding for organizations providing apprenticeship support to individuals is available under the Canadian Apprenticeship Strategy.
Visit Supports for skilled trades and apprenticeship for information on more programs available to help apprentices complete their training and for employers to hire and train apprentices.
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.
Provincial and Territorial Financial Support
Learn what financial support is available to apprentices and tradespeople in your province or territory.