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Additional Information
As the owner of a business we understand it’s always about your bottom line. Some of the benefits to hiring apprentices have a qualitative financial impact such as having a better reputation in the community and a more positive image for your business where you are seen as an employer of choice. There are quantitative benefits as well, such as tax credits and incentives.
Our consultants at Integrated Trades Training Services will work to provide you with the knowledge and support to gain access to tax incentives and other government grants and programs (for those who qualify). As a result, you will maximize your Return on Investment for every dollar you invest in employee training.
Apprenticeship Job Creation Tax Credit (up to $2000)
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit.
Canada-Saskatchewan Job Grant (up to $10,000)
The Canada-Saskatchewan Job Grant is an employer-driven program that:
- Helps businesses and non-profit organizations train new or existing employees for available jobs; and,
- Provides more opportunities for unemployed and underemployed workers to receive training.
Through the program, the employer contributes one-third of the training cost, while the federal and provincial governments contribute the remaining two-thirds.
Tradesperson Tool Deduction (up to $500)
Employed tradespersons (including apprentice mechanics) may be able to deduct the cost of eligible tools bought to earn employment income as a tradesperson and as an eligible apprentice mechanic. This cost includes any GST and provincial sales tax (PST), or HST you paid.
Canada Summer Jobs Program
Canada Summer Jobs is an initiative of the Youth Employment Strategy, which is the Government of Canada’s commitment to help young people between the ages of 15 and 30, particularly those facing barriers to employment, get the information and gain the skills, work experience and abilities they need to transition successfully into the labour market.
The program provides wage subsidies to employers from not-for-profit organizations, the public-sector, and private sector organizations with 50 or fewer full-time employees, to create quality summer work experiences for young people aged 15 to 30 years.
Click the FREE consultation button to find out if you qualify!