Employers of apprentices registered in Red Seal trades may now be eligible to claim the Apprenticeship Job Creation Tax Credit for wages paid after May 1, 2006.
The B.C. provincial training tax credits provide refundable income tax credits for employers and employees who are engaged in apprenticeship programs administered through the Industry Training Authority (ITA).
There are three main elements to the training tax credits:
basic credits for non-Red Seal training programs;
completion credits for both Red Seal and non-Red Seal training programs; and
enhanced credits for First Nations individuals and persons with disabilities.
Tradesperson's Tools Deduction Certified tradespeople and apprentices may be eligible to claim the new tradesperson's tool deduction for tools and equipment purchased for work purposes after May 1, 2006.
