Tax tip: Apprenticeship job creation tax credit

The following is now available on the CRA Web site:

Did you know…

That businesses with an eligible apprentice may be able to claim the apprenticeship job creation tax credit? This is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices for employment after May 1, 2006. The maximum credit is $2,000 per year for each eligible apprentice.

For more information about the credit, visit http://www.cra-arc.gc.ca/whatsnew/apprenticeship-e.html

Source: CRA

Tagged as: Apprenticeship, Creation, credit, Government and Big Brother - Canada, Job, Personal and Corporate Income Tax, Tax

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