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
🎊A big thank you to Chess Club for being a Gold Sponsor of the 2024 Apprenticeship Celebration Dinner! ⭐
Get all the details here: bit.ly/4fgJSVw
0 CommentsComment on Facebook
Our Regina office will be closed for staff training on Wednesday, November 20 from 12:30 p.m. and Thursday, November 21 from 8 a.m. to 12:30 p.m.
Online services through MyATC are still available during these hours. Thank you for your patience and we look forward to serving you.
0 CommentsComment on Facebook
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.
explore sya
