The Apprenticeship Incentive Canadian government funding program encourages apprentices to begin and continue their training in a designated Red Seal trade. This government funding for business program helps cover expenses related to tuition, tools and travel. This Canadian taxable cash grant program is a taxable amount of $1,000 per year for registered apprentices once they have successfully completed their first or second year or level of an apprenticeship program in designated Red Seal trade, up to a maximum of $2,000 per apprentice.
Who Can Apply For This Canadian Government Funding?
To be eligible for these business funding tax credits, you must be:
- Registered in a designated Red Seal trade in the province or territory where you are a registered apprentice
- Registered apprentice with an employer, training trust fund, joint apprenticeship training committee, union training centre, or apprenticeship authority
- Out of high school
- A Canadian citizen, protected person or permanent resident
- Able to show progress within an eligible apprenticeship program by proving that you have completed either the first or second year/level after January 1, 2007 based on supporting documents
Further Funding for Small Business Through Grants, Loans, and Tax Credits
To be eligible for this funding for small business, people must apply prior to June 30th. For more information on Canadian business funding mechanisms, please be sure to contact Mentor Works, the Canadian Government Funding Experts or attend a 60 Minute Funding for Small Business Workshop. You can also receive current Canadian Government funding updates by following us on Twitter or adding us on Google+.