Apprenticeship Job Creation Tax Credit
Source: Notion | Last edited: 2023-02-22 | ID: cf952983-ad6...
| Property | Value |
|---|---|
| Amount | 2000 |
| Description | The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable investment tax credit (ITC) equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment. |
| Funded by | Government of Canada |
| Nature | Hiring, Apprenticeship |
| URL | https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-41200-investment-tax-credit/apprenticeship-job-creation-tax-credit.html |
Company Requirements
Section titled “Company Requirements”If your business hires an eligible apprentice, you qualify to claim the credit.
Application Requirements
Section titled “Application Requirements”If you are an employer, you will be able to claim the AJCTC on your individual income tax return, on line 41200 – Investment tax credit, by filing form T2038(IND), Investment Tax Credit (Individuals).