Training Tax Credit-Employers

Overview of the Training Tax Credit-Employers program:

The training tax credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC.

Benefits of the Training Tax Credit-Employers program:

• There are three main elements to the training tax credit:
• Basic credit for non-Red Seal training programs
• Completion credit for Red Seal and non-Red Seal training programs
• Enhanced credit for First Nations individuals and persons with disabilities
• The federal government provides a credit for employers and a grant for apprentices for Red Seal programs..

Eligibility criteria of the Training Tax Credit-Employers program:

• Sole proprietors, partnerships and corporations are eligible for the employer's tax credit.
• You're eligible to claim the training tax credit if you're subject to B.C. income tax for the taxation year that the credit is being claimed. You're subject to B.C. income tax if you are either:
• A resident in B.C. on the last day of the taxation year, or
• A corporation that maintained a permanent establishment in B.C. at any time in the taxation year
• Employees must be employed in a position that is:
• In a business carried on in B.C. during the taxation year, and
• Related to the program they are registered in through SkilledTradesBC
• Eligible program requirements: https://www2.gov.bc.ca/assets/gov/taxes/income-taxes/publications/training-tax-credits-table-eligible-programs-completion-requirements-employers.pdf