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
"When I found out that the schooling for all apprenticeship through powerline is 2 weeks every year and on top you're making money and you come out of it debt free. It really put it into perspective for me how quickly you can move through the program and move up financially, so I decided to take the leap." -Jenna
Learn more about Jenna's apprenticeship journey here: bit.ly/48kdZsw
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Cordell Bellrose Emily Hunter
The Women in Skilled Trades Initiative offers financial assistance and coaching opportunities. One more reason to pursue apprenticeship. Details here: bit.ly/wistisa
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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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