The Apprenticeship Grant Programs provide taxable cash grants to apprentices registered in HVAC/R.

Apprenticeship Incentive Grant (AIG) – a $1,000 taxable cash grant available to apprentices registered in one of the designated Red Seal trades who complete their first or second year/level of an apprenticeship program in a designated Red Seal trade, to a maximum of $2,000.

Apprenticeship Completion Grant (ACG) – a $2,000 taxable cash grant available to apprentices who complete their apprenticeship program and receive their journeyperson certification in a designated Red Seal trade.

Also available is the Tradesperson’s Tools Deduction that provides employed tradespersons with an annual deduction of up to $500 to help cover the cost of new tools necessary to their trade. The deduction applies to the total cost of eligible tools that exceeds $1,000.

For employers who hire apprenticeship in the designated Red Seal trade, the Apprenticeship Job Creation Tax Credit is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit is $2,000 per year for each eligible apprentice.

For More information on financial assistance, please click on the following links

Apprenticeship Grants

http://www.hrsdc.gc.ca/eng/workplaceskills/trades_apprenticeship/brochure.shtml