Amount:

No Fixed Amount

Type of Program:

Tax Credit


Description:

The Apprenticeship Job Creation Tax Credit is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006.

Comments on Funding:

Funding is 10% of the eligible salaries and wages payable to eligible apprentices.
The maximum credit an employer can claim is $2,000 per year for each eligible apprentice.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

  • Eligible Interns must work in a prescribed trade (listed under Red Seal Trades) in the first two years of their apprenticeship contract.

This contract must be registered with a federal, provincial, or territorial government under an apprenticeship program designed to certify or license individuals in the trade.

Applications Steps:

1

The applicant must claim this tax on its individual income tax return, on line 41200 (41200 was line 412 before tax year 2019) – Investment tax credit, by filing form T2038(IND), Investment Tax Credit (Individuals).
Any unused credit may be carried back 3 years and carried forward 20 years.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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