February 1, 2007
CRA Tax tip: Apprenticeship job creation tax credit
The Canada Revenue Agency (CRA) has issued a tax tip pertaining to a tax credit for apprenticeship job creation:
"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 on this or other Canadian tax tips, visit the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/taxtips/2007/tt070201b-e.html
Posted by Taxes.ca Editorial Team [permalink]
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