This program is designed specifically for businesses like yours. It offers financial support to hire new first-year apprentices in 39 Red Seal trades. You can receive $5,000 for each eligible apprentice you hire, and $10,000 if the apprentice belongs to an equity-deserving group. This funding can significantly reduce your hiring costs and help you bring new talent into your business.

By participating in this program, you will not only benefit from the financial support but also gain access to additional resources to help integrate apprentices into your workforce. This can lead to a more skilled and productive team, enhancing your business operations. The program is tailored to be accessible, making it easy for small and medium-sized businesses to qualify and take advantage of these benefits.

Being approved for this program means you can invest in the future of your business with less financial strain. It provides a unique opportunity to support the growth and development of your team while contributing to the skilled trades industry.

Type of Financing:

• Financial support in the form of a grant is provided to employers to hire first-year apprentices in 39 Red Seal Trades.

Repayment Terms and Interest Rates:

• The financial support includes $5,000 for each eligible new first-year apprentice hired, with an additional $5,000 if the apprentice is from an equity-deserving group.
• There is no repayment required for the grant provided.

Eligible Expenses:

• The funds can be used towards hiring first-year apprentices in the specified Red Seal Trades.

Ineligible Expenses:

• The funds cannot be used for any other purposes outside of hiring and supporting first-year apprentices.

Fees:

• There are no fees associated with the financial support provided to hire first-year apprentices in the Red Seal Trades.

This program offers $5,000 in financial support for your business when you hire a first-year apprentice in one of 39 Red Seal trades. If the apprentice comes from an equity-deserving group, you can receive an additional $5,000.

The money can help cover costs associated with hiring and training the apprentice. This support can ease the financial burden on your business, making it easier to bring in new talent and grow your team.

This funding is a great way to invest in the future of your business while also supporting the development of skilled tradespeople. There are no payback conditions for this financial support, making it a risk-free opportunity to enhance your workforce.

To apply for the program, follow these steps:

1. Register Your Business: Ensure your business is registered and has a valid business number.

2. Identify the Red Seal Trade: Confirm that the apprentice you plan to hire is in one of the 39 eligible Red Seal trades.

3. Prepare Documentation: Gather the necessary documents for the application. These include:

• Business registration details
• Proof of the number of employees (must be 499 or fewer)
• Details of the apprentice's trade and qualifications
• Any additional documents that support the apprentice's eligibility, especially if they belong to an equity-deserving group

4. Contact a Funded Organization: Reach out to one of the organizations funded by Employment and Social Development Canada (ESDC) that works with employers in the skilled trades.

5. Complete the Application Form: Fill out the application form provided by the funded organization. Ensure all required fields are completed accurately.

6. Submit the Application: Submit your completed application form along with the prepared documentation to the funded organization.

7. Await Approval: Wait for the organization to review your application. They may contact you for additional information or clarification.

8. Receive Financial Support: Upon approval, you will receive financial support:

• $5,000 for each eligible new first-year apprentice hired
• $10,000 if the apprentice hired is from an equity-deserving group

9. Hire the Apprentice: Proceed with hiring the first-year apprentice and provide them with the necessary hands-on work experience.

10. Maintain Records: Keep detailed records of the apprentice's employment and progress, as you may need to provide this information for audits or follow-up evaluations.