APPRENTICESHIP JOB CREATION TAX CREDIT
The Apprenticeship Job Creation Tax Credit is a non-refundable tax credit available to employers, equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit is $2,000 per year for each eligible apprentice. More information.
Tradesperson’s Tools Deduction
If you reimburse or provide an allowance to your employees to offset the cost of tools that they need for their job or you pay for their tools, the amount of the payment is a taxable benefit and should be included in the employees' income.
When employed tradespersons (including apprentice mechanics) file their income tax and benefit return, they may be able to deduct part of the cost of eligible tools they bought to earn employment income as a tradesperson. More information.
Other Support Programs
The Indigenous Apprenticeship Initiatives (IAI) program is now open for proposals! It funds projects supporting Indigenous people pursuing skilled trades. Tribal councils, bands, and training institutions can apply. Learn more: bit.ly/4hdvrCe
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Hiring apprentices isn’t just about filling positions, it’s about shaping the future of your industry.
Watch Adam from Keys Welding Service discuss the benefits of training apprentices in the skilled trades. 🛠✨
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saskatchewan youth apprenticeship (sya)
The Saskatchewan Youth Apprenticeship (SYA) program gives high school students the opportunity to learn more about skilled trades career pathways and gain a head start on their skilled trades career, should they register as an apprentice after graduation.
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