Yes, we may conduct audits to ensure that our funding is distributed correctly. As part of the audit, we may request documentation about your apprentices’ training and employment status. Audits are conducted no more than once a year.
Sub-Topic: Receiving Payments
Will I receive a cheque or direct deposit?
Your payments will be issued through direct deposit. When you apply you will be asked for your banking information. Have a direct deposit form or void cheque ready when you apply.
Are payments taxable? Do I need to report them on my taxes?
Yes. Payments you receive through the Achievement Incentive program are taxable and you need to report the funds on your tax return.
How will I know which apprentice/milestone a payment is for?
After your application is approved, you will receive an email notification confirming your eligible apprentices. You will also receive a notice for every future milestone payment.
When will I receive my payments?
As part of our service standard, your first payment will be processed within 8 weeks after you apply. Any subsequent payments will be processed within 2-3 weeks of apprentices achieving their training milestones and will be deposited directly into your bank account.