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 Job Connect

• 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

Job Connect- Regular program

• Employers who qualify can hire through the Job Connect program and receive a potential wage subsidy
• Employers can have resumes screened for their particular positions and postings can be done on the Job Connect website.
  

up to $4000.00max. 6 months

Apprenticeship Training Tax Credit

• Employeer applies for this on their taxes based on the first 48 months of the apprenticeship wages.
• Currently $5000.00 per year per apprentice for the first 3 years.  Awaiting approval to increase amount to $10000.00 for 4 years (not yet approved)
  

Currently $15000.00 per apprentice-

Awaiting approval for $40000.00 per apprentice

Apprenticeship Scholarship Employer Signing Bonus

• Employer hires eligible employee who is under 25; does not have min. education requirement, but does upgrading and is eventually signed as an apprentice
• 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

• Employeers are eligible for a non-refundable tax credit up to $2000 per year for the first two years of apprenticeship

$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

Targeted wage subsidy for apprenticeship

• A wage subsidy available to employers who hire EI clients that have difficulty finding work
• Subsidy based on clients' needs and job placements
  

Varies

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