January 28, 2008
CRA Tax Tip: Apprenticeship job creation tax credit
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 cra.gc.ca/individuals and select "A" from the drop-down menu for "Apprenticeship job creation tax credit."
For more information on this or other CRA Tax Tips, see:
http://www.cra-arc.gc.ca/newsroom/taxtips/2008/tt080128a-e.html
Posted by Taxes.ca Editorial Team [permalink]
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