Achievement Incentive and Group Sponsorship Grant
Highlights
This program is a fantastic opportunity for your business. By hiring an apprentice, you can train the next generation of skilled workers tailored to your specific needs. Financial incentives are available, including grants and federal tax credits, which can significantly reduce your training costs. You can receive up to $17,000 in grants when apprentices reach key milestones in their training.
What You Get:
- $1,000 for each newly registered apprentice under 25 or from an under-represented group.
- $1,000 for each level of in-class training completed, with additional payments for apprentices under 25 or from under-represented groups.
- $1,000 when your apprentice achieves the highest certification in their trade, with additional payments for specific groups.
Additional Benefits:
- Federal tax credits: Up to 10% of the apprentice's salary, with a maximum of $2,000 per year for the first two years.
- Loyal employees: Apprentices trained by you are more likely to stay with your company.
- Tailored training: Train apprentices to meet both provincial standards and your unique business needs.
Qualifying for this program is straightforward, and support is available to guide you through the process. This is an excellent way to invest in your business's future while benefiting from financial support.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates. This is a non-repayable grant.
Eligible Expenses:
- Training costs for apprentices.
- Costs associated with classroom training.
- Expenses related to certification milestones.
Use of Funds:
- Funds can be used to cover the costs of training and certifying apprentices.
- Can be applied towards in-class training progression and completion milestones.
Restrictions on Use of Funds:
- Funds cannot be used for non-training related expenses.
- Cannot be applied to general business expenses or unrelated operational costs.
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be located in Ontario.
- Must have the facilities, people, and equipment needed to provide the training.
- Must ensure the apprentice has time to attend classroom training as part of the apprenticeship program.
- Must meet any Ontario regulations applying to your trade, such as wage rates and ratios.
- Must be able to sponsor an apprentice and provide hands-on training for a trade.
- Must be approved as a sponsor by the Ministry of Labour, Training and Skills Development.
- Must sign a training agreement with the apprentice.
- Must ensure the apprentice completes the formal schooling/classroom training.
Must confirm when the apprentice has completed their workplace training based on apprenticeship training standards, hours logged, and skills acquired.
Disqualifications:
- None specified in the provided context.
Description
This program offers your business a fantastic opportunity to grow and thrive by hiring and training apprentices. You can receive up to $17,000 in grants when your apprentices reach key milestones in their training and certification.
Here's how the money breaks down:
- $1,000 for each newly registered apprentice under 25 or from an under-represented group.
- $1,000 for each level of in-class training completed, up to four levels.
- $1,000 when your apprentice achieves the highest certification in their trade.
- Additional $1,000 for each milestone if the apprentice is under 25 or from an under-represented group.
You may also qualify for federal incentives, such as a tax credit equal to 10% of the apprentice's salary, up to $2,000 per year for the first two years.
This program not only helps you financially but also ensures you have skilled, loyal employees trained to meet your business's specific needs.
Program Steps
Assess Your Training Capacity: Ensure you have the facilities, staff, and equipment to train an apprentice. Confirm that the apprentice will have time for classroom training and that you meet any Ontario regulations related to your trade.
Find an Apprentice: Look for a suitable apprentice through online job listings, Employment Ontario, or the Ontario Youth Apprenticeship Program (OYAP). Ensure the candidate is at least 16 years old and meets the minimum education requirements for the trade.
Prepare Documentation: Gather the necessary documents for the application process. These may include:
- Work experience records (e.g., signed letters or employment records)
- Technical training transcripts or letters from colleges/training institutions
- Apprenticeship registration documents from other provinces or territories (if applicable)
Register the Apprentice: Complete the online apprenticeship training application through the Skilled Trades Ontario Portal. If the apprentice is under 18, fill out the paper application form and have it signed by you, the apprentice, and their parent or guardian. Submit the application to your local Employment Ontario apprenticeship office.
Sign a Training Agreement: Once approved, sign a training agreement with the apprentice. This agreement outlines the roles and responsibilities of both parties and confirms the apprentice's eligibility for financial incentives. The Ministry of Labour, Training and Skills Development will register the signed agreement.
Train the Apprentice: Follow the Apprenticeship Training Standard Log Book to train the apprentice. Regularly review and sign off on the skills acquired. Keep the ministry informed of any changes to your business information or the Registered Training Agreement.
Finalize Training and Complete Paperwork: When the apprentice completes their training, confirm this with the Ministry of Labour, Training and Skills Development. This may involve submitting a letter, signing off on the log book, or completing an Apprenticeship Completion Form. The apprentice will then receive a Certificate of Apprenticeship and, if applicable, a Certificate of Qualification.