Apprenticeship Funding Update: Read about currently available grants and tax credits to support the hiring and training of apprentices. As mentioned by one of our previous articles regarding the recent allocation of Canadian Government Funding to Skills Canada, the Federal and Provincial Governments provide significant amounts of funding to encourage young Canadians to pursue successful…
The Apprenticeship Incentive Canadian government funding program encourages apprentices to begin and continue their training in a designated Red Seal trade. This government funding for business program helps cover expenses related to tuition, tools and travel. This Canadian taxable cash grant program is a taxable amount of $1,000 per year for registered apprentices once they…
Skilled trades are irrefutably important to the success and functionality of the multiple Canadian business sectors. Thus, the Canadian Government offers a significant amount of funding to hire and train apprentices in a recognized Ontario trade. Ontario Government Funding Benefits for Employers Employers who have been certified to train an apprentice in a specific trade…
Any company would agree that their employees are the key to business success. A great workforce can save a struggling company and carry it to the forefront of the industry. However, human resource activities aren’t cheap. Large corporations can afford to allocate significant budgets to the hiring process, however most Canadian businesses struggle to budget…
Are you a growing company that employs high-skilled trades? The Ontario Government is issuing a $2000 Employer Signing Bonus for the hiring of new employees in high-skilled trades. The grant was created to encourage the registration of new apprentices and promote training of trade workers in the industry. Requirements The employer must be a registered…
Do you need help financing new business initiatives? Governmental tax credits can help your company grow, while keeping your debt-to-equity ratio under control. Mentor Works has compiled a few great tax credit programs that can help your business thrive: Apprenticeship Employer Signing Bonus This is a great tax credit to help you expand your human…