Tax tip: British Columbia Training Tax Credit
The following is now available on the CRA Web site:
Did you know…
That the Government of British Columbia has introduced the British Columbia Training Tax Credit to attract people to apprenticeship programs, and to encourage those already enrolled to complete their program. This tax credit is available to both apprentices who were residents of British Columbia at the end of the year and employers of apprentices enrolled in a Red Seal or other program recognized by the Industry Training Authority who carried on a business in British Columbia during the year.
ApprenticesAs an apprentice, you may qualify for up to $9,000 in tax credits as you progress through your training, and additional funding is available to qualified apprentices under the Enhanced Tax Credit. To claim the training tax credit, complete Form T1014 and include it when filing your personal income tax return.
Employers
• Accountant •
Bookkeeper •
Income Tax Preparer •
Systems Consultant •
Blogger •
HART-Empire Network •
Canadian •
Earthling •
Husband and Pet Owner •
Brilliant & Amusing •
No doubt there are some issues to be...
