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
Our SATCC offices will be closed from Thursday, December 25 and Friday, December 26. We look forward to serving you again when we reopen on Monday December 29.
❄️Happy Holidays!❄️
0 CommentsComment on Facebook
🚨SYA Scholarships coming soon!🚨
Before the holidays, remember SYA Scholarship applications will be sent out in January. Stay tuned for more details and get ready to apply!
1 CommentComment on Facebook
Ayden Lukey
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
