1. Employment Insurance (EI) benefits
If you’ve been working steadily before going to school for technical training, you are eligible for EI benefits. For most people, the basic rate of EI benefits is 55 percent of your average insurable weekly earnings, up to a maximum amount. As of January 1, 2020, the maximum yearly insurable earnings amount is $54,200 or $573 per week.
Apply on the government of Canada’s website.
2. Canada Apprentice Loan
These loans can help cover lost wages, pay for tools, and cover tuition and other costs associated with being in school. They are interest-free while you are in the apprenticeship program or to a maximum of six years after receiving the loan.
Applications can be submitted on the government of Canada’s website.
3. Apprenticeship Grants
Grants are funds that do not need to be repaid!
You can apply for apprenticeship grants through the government of Canada’s website.
a) Apprenticeship Incentive Grant
Carpentry apprentices can apply for $1,000 per level, to a maximum of $2,000. Deadline for application is within 12 months of completing the level that you are claiming.
b) Apprenticeship Completion Grant
A grant of $2,000 is available in the year that you complete your apprenticeship. Deadline for application is within 12 months of completing your program or receiving your Red Seal and journeyperson certification.
c) Apprenticeship Incentive Grant for Women
A grant of $3,000 per level to a maximum of $6,000 available to women in the trades.
Deadline for application is within 12 months of completing the level that you are claiming.