British Columbia Training Tax Credit

by Tax Guy - Burlington Accountant on May 14, 2008 Print This Post Print This Post

The Canada Revenue Agency announced on its website:

That the Government of British Columbia has introduced the British Columbia Training Tax Credit to attract people to apprenticeship programs, and to encourage those already enrolled to complete their program. This tax credit is available to both apprentices who were residents of British Columbia at the end of the year and employers of apprentices enrolled in a Red Seal or other program recognized by the Industry Training Authority who carried on a business in British Columbia during the year.

Apprentices may qualify for up to $9,000 in tax credits and additional funding is available under the Enhanced tax Credit program.

Employers of apprentices may qualify for up to $12,500 in tax credits as their progress through training.

See the CRA Announcement here

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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