Paid Work Experience Tax Credit (PWETC)

Overview of the Paid Work Experience Tax Credit (PWETC) program:

The Paid Work Experience family of tax credits provides qualified employers with a percentage of the wages and salaries paid to certain types of trainee employees and recent graduates working in Manitoba. These wages and salaries are calculated net of other government funding for that remuneration.

Benefits of the Paid Work Experience Tax Credit (PWETC) program:

• The benefit for high-school apprentices has been enhanced to 25% from 15% of wages and salaries, to a cap of $5,000 per apprentice per year.
• The benefit rate for post-secondary co-op students has been enhanced from 10% to 15%of wages and salaries, up to a maximum of $5,000 per student. The benefit rate for co-op graduates has been enhanced from 5% to 15% of wages and salaries, up to a maximum of $2,500 per graduate for the first two years of employment.

Eligibility criteria of the Paid Work Experience Tax Credit (PWETC) program:

• Eligible employers include:
  • Taxable corporations
  • Exempt corporate entities such as not-for-profit agencies, Manitoba Crown entities, municipalities, universities, schools, and hospitals