Find Out Fridays - February 16th

Find Out Fridays - February 16th
Posted on 02/16/2024

Thinking about hiring an apprentice? There has never been a better time, and there are a variety of funding options and tax incentives you can take advantage of now! Please get in touch if you want more information or assistance with any of the benefits we post.

The NWAC National Apprenticeship Program (NAP):

Created to connect small and medium-sized businesses with Indigenous apprentices. The NAP connects businesses with Indigenous women, Two Spirit, transgender, and gender-diverse people seeking apprenticeships in the skilled trades. ** Receive a $10,000 grant incentive per position, up to $20,000 annually, to hire first-year Red Seal Apprentices.

Apprenticeship job creation tax credit (AJCTC):

This is a non-refundable investment tax credit (ITC) equal to 10% of the eligible salaries and wages payable to eligible apprentices. Employers can claim $2,000 per year for each eligible apprentice, and any unused credits may be carried back 3 years and carried forward 20 years.

Career Launcher Apprenticeships:

Provides financial incentives for employers in construction and manufacturing sectors to help them hire first-year apprentices in 39 Red Seal trades. Through the program, eligible employers can receive up to $10,000 to hire a first-year apprentice who self-identifies as a member of an eligible equity-deserving group.

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