Financial support for Apprentices
While you complete your apprenticeship training at OIFSC, you may be eligible for funding and supports through the federal and provincial governments.
- The Apprenticeship Incentive Grant (AIG) is a taxable cash grant of $1,000 per year or per level, up to a maximum amount of $2,000 per person.
- The Apprenticeship Completion Grant (ACG) is a taxable cash grant of $2,000 for registered apprentices who complete their apprenticeship training and obtain their journeyperson certification.
Canada Apprentice Loan
Starting in January 2015, you can apply for up to $4,000 in interest-free loans per period of technical training. The money will be available to you to help pay for tuition, tools, equipment and living expenses, to cover forgone wages or to help support your family. Learn more.
Apprenticeship Completion Bonus in Non-Red Seal Trades
This completion bonus is a taxable cash grant of $2,000. The grant is available to registered apprentices after they successfully complete their apprenticeship training and obtain their Certificate of Apprenticeship and, where available, their C of Q in any Ontario non-Red Seal trade, on or after April 1, 2009.
Apprentices when in school (and potentially when working on the job) may be eligible to receive funds from RESP programs they are a part of. Apprentices should check with their RESP administrator to inquire about accessing funds from their account.
This is provided by the Province of Ontario and is a targeted benefit for apprentices attending in-school apprenticeship training. The benefit is variable depending on the specifics of each apprentice. Allowances may include travel, living away from home, daycare, etc.
Loans for Tools Program
Newly registered apprentices can apply to the provincial government for a $400 interest free loan to purchase trade tools. The loan is payable when the apprentice a) becomes a journeyperson or b) leaves the apprenticeship program. Learn more.
Apprentice Education Fund (AEF)
As per the collective agreements apprentices have $1.00/hr. worked deducted from their after tax pay and held for them in trust. Apprentices collect these funds when attending apprenticeship schooling. The program ends when the apprentice graduates from advanced level school.