Tax tip Apprenticeship job creation tax credit

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The following are 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://cra.gc.ca/individuals and select “A” from the drop-down menu for “Apprenticeship job creation tax credit.”

SOURCE: Canada Newsroom

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