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Financial Support

 

APPRENTICE FINANCIAL SUPPORTS

Apprentices are responsible for tuition and other costs associated with their technical training component of the program.  The following financial resources are available to Apprentices while attending technical training.

Canada Apprentice Loan

The Canada Apprentice Loan offers interest-free loans to help registered Apprentices with the cost of their training. Apprentices registered in a Red Seal trade apprenticeship can apply for interest-free loans of up to $4,000 per period of technical training. Interest charges and repayment of the Canada Apprentice Loan will not begin until after loan recipients complete or terminate their apprenticeship training program.

For more information visit canada.ca/apprentice and click on Canada Apprentice Loan to apply online through the Canada apprentice loan online service.

How to Apply for Employment Program of British Columbia Apprentice Financial Supports

Apprentices are eligible for Employment Program of BC (EPBC) Financial Supports through WorkBC Employment Services Canada.

In order to receive financial supports, an application must be completed through the Apprentice Supports Online Portal. An application is required to determine the Apprentices eligibility and as part of the approval process to collect Employment Insurance while attending Apprenticeship technical training.

Once the application is completed, the Apprentice must apply for Employment Insurance using the EI reference code adn await the decision regarding financial supports.

An application can be started from the WorkBC site at: http://apply.workbc.ca/apprentices

Employment Insurance (EI)

Apprentices registered with the ITA are eligible for Employment Insurance (EI) benefits,  income replacement while attending technical training provided through Service Canada.

You must apply for Employment Insurance Benefits (EI) in your last week of work, or in the first week of technical training, or you will not be eligible to receive EPBC Apprentice Program Financial Supports.

EI information can be obtained by visiting Employment Insurance Information for Apprentices.

To complete an online application navigate to: http://www.servicecanada.gc.ca/

Apprenticeship Incentive Grant (AIG)/Apprenticeship Completion Grant (AGC)

Apprentices can apply through the Government of Canada for the Apprenticeship Incentive Grant (AIG) for completion of Levels 1 and 2 and the Apprenticeship Completion Grant (AIG) upon Successful completion of the Apprenticeship Program and Red Seal Certification.  The AIG and AGC  are taxable cash grants issued to Apprentices that meet the eligibility requirements as follows:

Progression Level 1 Progression Level 2 Completion
AIG Grant $1,000 AIG Grant $1,000 ACG Grant $2,000
Completion of Level 1 Completion of Level 2 Upon Certification
2117 Work Based Hours 4234 Work Based Hours 6350 Work Based Hours

 

How to apply for the AIG

The deadline to apply is June 30 of the year after you complete your Level of technical Training and work based hours.

How to apply for the ACG

The deadline to apply is June 30 of the year after you complete your apprenticeship and receive your PLT Red Seal Certification.

BC Training Tax Credits for Apprentices

The training tax credit provides refundable income tax credits for Apprentices enrolled in programs administered through the Industry Training Authority (ITA).

Power Line Technician Apprentices are entitled to claim completion training tax credits for Level 3 and Level 4 of their Apprenticeship training.

Enhanced Tax Credit

An enhanced tax credit is available if you’re a First Nations individual or a person registered as Indians under the Indian Act (Canada)

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/training/apprentice#example-3

Power Line TechnicianLevel 1Level 2Complete Level 3Graduate Level 4
RegularN/AN/A$2,000$2,500
EnhancedN/AN/A$3,000$3,750

Claiming the Credit

You can claim the training tax credit in the year the level is completed regardless of which year the level was started. If you complete the requirements of more than one tax credit level during a taxation year, you can claim more than one tax credit.

Claim the training tax credit by completing British Columbia Training Tax Credit (T1014) form and submitting it with your T1 Income Tax Return.

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