No Fixed Amount
Type of Program:
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:
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.
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.