Financial Incentives for Apprentices

Employment Insurance Benefits and Financial Supports for Apprentices

Employment Insurance (EI) benefits may be available for apprentice while attending technical training. Before applying for EI you must visit the following site:  http://www.workbc.ca/job-seekers/employment-services/apprenticeship-training-supports.aspx  in order to get a reference code that you will need in order to apply for your EI and other financial supports.  Once you have your reference code you apply for your EI on the following site: www.servicecanada.gc.ca/  

Apprentices are advised to apply for these financial supports four weeks before your course start date. 

For more information contact:
WorkBC Employment Services Centre
778-478-8390 for a Kelowna representative
1460 Pandosy Street Suite 102

Tradespeople's Tool Expenses

The federal government will now provide tax recognition for the costs that many employed tradespeople incur to provide their own tools in their employment duties. A deduction (up to a maximum of $500 per year) will be allowed for the total cost of new tools acquired by an employed tradesperson in a tax year in excess of $1,000. Employers will need to certify that the employee is required to obtain those tools for use in employment activities.

Apprenticeship Incentive Grant
 
The Apprenticeship Incentive Grant will provide direct support to apprentices in the first two years of an approved apprenticeship training program (Red Seal trades).  The taxable grant is $1000 for level 1 and $1000 for level 2.  Through this grant the Government of Canada is encouraging more young Canadians to pursue an apprenticeship and help meet Canada's future need for skilled tradespeople.  Information on these grants: http://www.servicecanada.gc.ca/

Apprenticeship Completion Grant

The Completion Grant is a $2,000 taxable cash grant for apprentices who complete their apprenticeship training and obtain Red Seal endorsement or a provincial or territorial Certificate of Qualification in a designated Red Seal trade.  

British Columbia Apprenticeship Incentive Grant - Completion Credits

Apprentices who complete their 3rd and 4th year of any apprenticeship program may be eligible for an Tax Credit.  The apprentice will receive a tax credit when they file their annual income taxes.  Apprentices will be eligible for a tax credit of $2,000 for completing level 3 and a credit of $2500 for completing level 4 of any apprenticeship.  For more information and applications visit www.sbr.gov.bc.ca

Canada Apprentice Loan

Apprentices registered in a Red Seal trade apprenticeship program who meet the eligibility requirements for Canada Apprentice Loan (CAL) may receive up to $4000 in loans per period of technical training.  The purpose of the Canada Apprentice Loan (CAL) is to provide apprentices registered in Red Seal trades with  loans to assist with the costs to attend technical training. Online registration is available at www.canada.ca