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Incentives & Subsidies for the Employer

Apprenticeship Job Creation Tax Credit (Federal) – Up to $2,000.00 –

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/412/jctc-eng.html
  • Up to $2,000.00 per year for the first two years of an apprenticeship
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.
Summer Job Service - $1,280.00 potential
  • Employers can hire students for the summer (must be returning to school in September) with a potential wage subsidy of $2.00/hour.
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)