Ontario Apprenticeship Training Tax Credit – Ontario Ministry of Finance (2022)
The Apprenticeship Training Tax Credit is a refundable tax credit. The tax credit is based on salaries and wages paid to an apprentice.
Comments on Funding:
The ATTC is not available for apprenticeship programs that commenced on or after November 15, 2017
- for each qualifying apprenticeship that is an apprenticeship program that commenced on or after April 24, 2015 and before November 15, 2017, the ATTC reimburses employers 25% of eligible expenditures. Small businesses are eligible for a higher credit rate of 30%. The maximum annual amount of the tax credit is $5,000 per qualifying apprenticeship during the first 36 months of an apprenticeship program.
- for each qualifying apprenticeship that is an apprenticeship program that commenced before April 24, 2015, an eligible employer may claim a refundable tax credit for eligible expenditures incurred after March 26, 2009, the ATTC reimburses employers 35 to 45% of eligible expenditures paid during the first 48 months of an apprenticeship program to a maximum annual credit of $10,000 per qualifying apprenticeship.
- the date on which the apprentice is entitled to receive the appropriate certificate under the Ontario College of Trades and Apprenticeship Act, 2009 or a predecessor of that Act;
- the date, if any, on which the training agreement or contract of apprenticeship is cancelled, suspended or revoked.
The ATTC is available only in respect of apprenticeship programs that began on or before November 14, 2017.
Other Things to Note:
This credit is eliminated for apprenticeship programs in which the training agreement or contract of apprenticeship is registered after November 14, 2017.
When It Ends: