Apprenticeship Incentives and Financial Aids

Going back to school can be daunting for many people, and money is usually at the root of the problem. The Electrical Joint Training Committee (EJTC) wants you to know that they are aware of these challenges and want you to be mindful of the many incentives you can access to enter the Skilled Trades. The government and other resources provide these funds to ensure extra support for individuals looking to enter the skilled trade sector.

As retirement rates rise, the construction industry desperately needs to recruit and retain a growing and diverse workforce. We encourage you to look at these incentives and financial aids and apply for the ones best suited for you.

Apprenticeship Incentive Grant (AIG)

Cash grant of $1000 per year or level, max $2000 per person (taxable).
For registered apprentices who successfully complete the first or second year/level (or equivalent) of an apprenticeship program for a designated Res Seal Trade.

Apprentice Completion Grant (ACG)

Cash grant of $2000 per person (taxable).
For registered apprentices who successfully complete their apprenticeship training and obtain journeyperson certification in a designated Red Seal Trade.

www.canada.ca/en/services/jobs/training/support-skilled-trades-apprentices/grants.html

Canada Apprentice Loan

$4000 loan per period of technical training to apprentices in Red Seal trades to help them complete their training.
ZERO interest on this loan until the apprentice leaves/completes their apprenticeship.

https://www.pca-cal.ca/en/Home

Tradesperson’s Tools Deduction

Up to $500 annual tax deduction to help tradespersons cover the cost of new tools necessary for their trade.

BC Training Tax Credit

Completion tax credit for completing level 3 or level 4 for Red Seal or non-Red Seal training programs.
For B.C. residents enrolled in an eligible apprenticeship program.

WorkBC Apprentice Services/Student Aid BC

WorkBC Apprentices Services helps with expenses such as living support, travel, dependent care, and disability-related costs for those eligible for financial assistance during the in-school portion of your apprenticeship program.

Offer customized services and resources that support the following specialized population:
People with disabilities
Indigenous
Francophones
Immigrants
Mature Workers
Single Parents
Survivors of violence and abuse
Youth & youth at risk
Individuals with multiple barriers
Women

Canada Student Grant for Students with Dependents

Receive $200 each month for every dependent child you have for a year of full-time studies at a designated institution as long as you qualify.

Dependents from a low-income family
You have enrolled automatically if you qualify for financial assistance in your province or territory of residence

https://www.canada.ca/en/services/benefits/education/student-aid/grants-loans/dependants.html

BC Building Trades Fred Randall Bursary

$500 will be awarded to two successful candidates each.

https://www.iuoe115.ca/membership/scholarships/

TrustedPros Scholarship

Will award two yearly scholarships (one to a Canadian resident, the other to a US resident)
Each scholarship = $1000
Will be awarded to qualified applicants enrolled in a residential renovation or construction trade-related course of study.
Winners may apply the funds to the cost of tuition or textbooks.

https://trustedpros.ca/scholarships

Co-op Housing Fund (CHF) Scholarship

Worth up to $5000
Awarded to applicants that live in a CHF BC member housing co-op, plant to attend, or already attend a Canadian, publicly-funded, accredited college, university, or government-approved apprenticeship program.

https://www.chf.bc.ca/scholarships/

Electro-Federation Canada Scholarship Program

Over $130,000 will be awarded across 52 scholarships.
Provides university and college students who are interested in pursuing a career in the Electrical Industry with funding to support their academics.

https://scholarship.electrofed.com/

BC Electrical Association (BCEA) Bursary Program

Bursaries of $500 – $1000 are available to Grade 12 and post secondary students pursuing a career in electrical (including apprentices), marketing, electrical engineering or business.
Applicants who apply for the bursary and pursue a career in the electrical field will also qualify for the $1000 Tommy Haddock Scholarship.

http://www.bcea.bc.ca/scholarship_bursary.php

Indspire’s Building Brighter Futures: Bursaries, Scholarships, and Awards (BBF) Program

Bursaries, scholarships, and awards available for full and part-time studies in: College, University, Skilled Trades, Apprenticeships, and Technology programs

https://indspire.ca/programs/students/bursaries-scholarships/

Credit Unions of BC Bursary Program

Provides education awards to British Columbia resident post-secondary students in need of financial assistance for academic, technological, or vocational training at accredited schools within the province.
Awards will also be given to mature students upgrading their primary education and skills to allow them to enter the workforce.

https://cufoundation.org/student-application/

Paige Family Foundation Bursary

Provides financial resources to assist students pursuing Post-Secondary Education in:

Apprenticeship or Trades Certification or Diplomas
University / College / Institute Certificate, Diploma or Degree Program

https://www.paigefamilyfoundation.com/bursary

Written by: Savannah Davis: ClearWater Communications Co.