Grants and Support
Many apprentices finish their training with very little to no student debt as compared to university and college graduates. As an apprentice, not only are you earning as you learn but have access to additional financial supports.
- Apprentices in Red Seal trades can apply for up to $4,000 in interest-free loans per period (up to five) of technical training through the Canada Apprentice Loan.
- The Apprenticeship Incentive Grant is a taxable cash grant available to registered Red Seal apprentices who have successfully completed the first or second year/level. The grant is $1,000 per year, up to a maximum of $2,000 per person.
- A taxable cash grant of $2,000: the Apprenticeship Completion Grant is available to registered apprentices who successfully complete their apprenticeship training and obtain journeyperson certification in a designated Red Seal trade on or after January 1, 2009.
- Tradespersons and apprentices may be able to deduct the cost of eligible tools purchased in to earn employment income as a tradesperson. Tradespersons may deduct up to a maximum of $500 each year for the purchase of eligible tools.
Check with your provincial/territorial apprenticeship authority to see if additional supports are available or search the Skilled Trades Network at caf-fca.org.