Incentives & Subsidies for the Employer

Apprenticeship Job Creation Tax Credit

Incentive	Details
Apprenticeship Employer Signing Bonus (AESB) - $2,000.00 (2 payments of $1,000.00)	For employers who hire, register and train apprentices according to Employment Ontario Employment Services Job Matching, Placements and Incentives Program
Apprenticeship Training Tax Credit (Provincial) – Up to $40,000.00 - http://www.rev.gov.on.ca/en/credit/attc/	Taxable tax credit: employers can receive 35% - 45% of apprentice’s wage, benefits, etc. up to $10,000 per year for the first four years of the apprenticeship
Co-operative Education Tax Credit - $3,000.00 max per student per work term	A Refundable tax credit available to employers operating an unincorporated business who hire students enrolled in a university/college co operative education
Employment Ontario Employment Services - $5,000.00 max	Training incentive dependent upon duration of apprenticeship placement, experience of hired apprentice and complexity of training.
OYAP: Ontario Youth Apprenticeship Program	Employers can have students as an apprentice while they are still in high school (as early as Garde 11). OYAP students are exempt from ratio while on placement.
Tradesperson Tool Deduction – Up to $500.00 yearly	Apprentices and Journeyperson can write off one half of their yearly tool purchases which total up to $1,000.00 (write off up to $500.00)