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Apprenticeship job creation tax credit:

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Value

Maximum credit an employer can claim is $2,000 per year for each eligible apprentice.

Description

The apprenticeship job creation tax credit (AJCTC) is a non-refundable investment tax credit (ITC) equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit.

Eligible Applicants

An eligible apprentice is someone who is working in a prescribed trade 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.

A prescribed trade includes the trades currently listed as Red Seal Trades. For more information, see Red Seal Program.

Eligible Expenses

Deadline Date

Ongoing.

Contact

Contact Name: Canada Revenue Agency (CRA)

Phone Number: 1-800-959-5525

Website: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-41200-investment-tax-credit/apprenticeship-job-creation-tax-credit.html

Industry:

Employment

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, Yukon

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Canada

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Download Now! Five Grant Gotchas

There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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