Training Tax Credits For Employers
Employers are eligible for refundable training tax credits through the Provincial and Federal government for each year of training for registered Apprentices.
Employers are eligible to claim:
10% of wages up to a maximum of $2,000 per year for each Apprentice, for the first 24 months of registration
As an Employer, you will be able to claim the AJCTC on your individual income tax return, on line 412 – Investment tax credit, by filing Form T2038(IND), Investment Tax Credit (Individuals).
Also, any unused credit may be carried back 3 years and carried forward 20 years.
When two or more related employers employ the same apprentice, special rules apply to ensure that the $2,000 limit is allocated to only one employer.
For more information visit CRA‘s website.
Employers are eligible to claim the Completion Tax Credit for each Apprentice that completes level three (3) of their technical training and receives Certificate of Qualification with Red Seal Endorsement.
Employers of apprentices who are First Nations or who have disabilities may also be eligible for additional tax credits: