Tax Credits for Employers
When you hire an apprentice, you're doing your part to strengthen trades industries in BC and Canada. That's why you may be eligible for tax credits related to job training and job creation.
BC job training tax credit
If your apprenticeship is registered with ITA, you may be eligible for British Columbia Training Tax Credits, including:
- Basic credits for BC Registered Trades (Certificate of Qualification) training programs
- Completion credits for Red Seal and BC Registered Trades training programs
- Enhanced credits for First Nations individuals and persons with disabilities
Industry-specific tax credits
If you're in the Shipbuilding and Ship Repair industry, you may be eligible for job training tax credits totalling up to 20% of wages paid per year (up to $5,250 per eligible apprentice) in the first 24 months of your apprenticeship program.
Job creation tax credits
If you employ first or second year apprentices registered in the Red Seal trades, you may be able to claim a federal Apprenticeship Job Creation Tax Credit of up to $2,000 per eligible apprentice.