Amount:
No Fixed Amount
Type of Program:
Tax Refund
Description:
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
- 1for 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.
- 2for 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.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Eligible apprentices:
The ATTC is available only in respect of apprenticeship programs that began on or before November 14, 2017.
Documentation Needed:
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.
