Get up to $4000 in apprenticeship grants
Apprenticeship Incentive Grant: A cash grant of $1,000 for apprentices who complete the first and/or second level of their apprenticeship program in a Red Seal trade, up to a maximum of $2,000.
Apprenticeship Completion Grant: A cash grant of $2,000 for registered apprentices who have successfully completed their apprenticeship training and obtained their journeyperson certification in a Red Seal trade.
Interest-free Canada Apprentice Loans: Available January 2015.
Apprentices in a Red Seal trade will soon be able to apply for interest-free loans of up to $4,000 per period of technical training. Interest charges and repayment of the Canada Apprentice Loan will not begin until after the recipient completes or leaves their apprenticeship training program.
Employment Insurance benefits for apprentices: When apprentices go on training, they can get access to EI faster. Apprentices have shorter processing times with unique input codes provided by provinces and territories and the opportunity to apply for EI benefits seven days before training begins.
There’s only a one two-week waiting period per apprenticeship, so claimants are not generally required to wait prior to subsequent training periods. Employers can top-up a training apprentice’s EI benefits up to 95 per cent of the normal wage without reducing their EI benefits.
Posted: Sep 30, 2014