Program or Credit |
Benefit to Employer
|
Potential $ to Employer |
|
Ontario Youth Apprenticehsip Program
(OYAP) |
- Employers can have High School students for co-op placements while student is still in school
- Student can be registered as an apprentice
- OYAP students are exempt from ratio while on placement for co-op hours
|
|
|
Summer Job Service
through Employment
Ontario |
- Employers can keep High School, College or University students employed through the summer
- Employers receive a $2.00 per hour wage subsidy if they qualify for the summer job program
|
$1280.00 potential |
|
Employment Ontario |
- Employers who qualify can hire through the Employment Ontario program and may
receive a wage incentive (candidates and employers must meet criteria to access).
- Employers can also have resumes screened for their particular jobs and postings
can be done on the website
|
Speak to your local
Employment Ontario
Office for details |
| Apprenticeship Training Tax Credit |
- Employer can apply for this on their taxes based on the first 48 months of the
apprenticeship wages. Has a potential of $10,000.00 / year for the first 4 years
|
Potentially $40000.00 per apprentice |
|
Apprenticeship Employer Signing Bonus |
- Employer hires eligible employee
- Employer receives first installment after apprentice is registered with MTCU and the other installment 6 months later ($1000.00 each)
|
$2000.00 |
|
Apprenticeship Job Creation Tax Credit |
- Employers are eligible for a non-refundable tax credit up to $2000 per year for the first two years of apprenticeship (Red Seal Trades only)
|
$4000 potential |
|
Tradesperson Tool deduction |
- If employer is also a tradesperson,. they are eligible write off half of their yearly tool budget to a maximum of $1000
|
$500.00 yearly |
|
Co-operative education tax credit |
- A refundable tax credit offered to employers operating unincorporated businesses who hire enrolled in a recognized Ontario college or University co-operative education program
|
$3000.00 max. per student per work term |
|
Employer Completion
Bonus
|
- An apprentice completes an apprenticeship program be receives C of A and where
applicable, C of Q |
$1000.00 |
|
Apprenticeship Network Recognition |
- Employers are nominated and recognized yearly for their support in training apprentices in the Apprenticeshipnetwork's catchment area
|
|
Minister's Apprenticeship Employer Award |
- Employers who offer apprenticeship are recognized provincially for their ongoing contribution to apprenticeship
|
