PERSONAL TAX TRAINING

APPRENTICE INCENTIVE GRANT REPAYMENT

Understanding the Repayment Process

The Apprentice Incentive Grant is designed to support apprentices during their training. However, under certain circumstances—such as not completing the training program or leaving the apprenticeship prematurely—you may be required to repay a portion or the full grant amount. This page outlines the key aspects of the repayment process, including conditions for repayment, calculation methods, and filing instructions based on the latest CRA guidelines.

Conditions Triggering Repayment

You may be required to repay the grant if:

• You do not complete the approved training program within the designated period.
• You voluntarily leave the apprenticeship program before fulfilling the required training hours.
• Other conditions set forth by the CRA or the program administrators apply.

Repayment Calculation

The repayment amount is typically determined by factors such as:

• The original amount of the grant received.
• The length of time you remained in the apprenticeship program.
• Specific percentage adjustments as outlined in the CRA guidelines.

For example, if your training period is shortened, the CRA may require a proportional repayment of the grant. It is important to refer to the latest CRA documentation for the precise formula.

Filing and Reporting Repayment

If you are required to repay the grant, you should:

• Report the repayment amount on your income tax return as per CRA requirements.
• Keep thorough records and documentation of your apprenticeship and any repayments made.
• Consult the relevant CRA guide for instructions on how to include this repayment on your tax return.

Additional Considerations

Repayment rules for the Apprentice Incentive Grant may be updated periodically. Always verify the current guidelines on the CRA website or consult a tax professional to ensure compliance with the latest requirements.

Disclaimer

The information provided on this page is intended for general informational purposes only and does not constitute professional tax advice. Please consult a tax professional for guidance tailored to your individual circumstances.

If you need professional advice, you can book an appointment by calling 403-475-8600 or by visiting our booking page.

Last updated: February 2025

For more detailed information, please refer to the Canada Revenue Agency website or consult the specific CRA guidelines on apprenticeship grant repayments.