Training tax credit for employers
If you employ apprentices enrolled in apprenticeship programs administered through the Industry Training Authority, you are eligible for refundable income tax credits.
There are 3 main elements to the training tax credits:
- Basic credits for the first 24 months of non-Red Seal training programs
- Completion credits for level 3 or higher for both Red Seal and non-Red Seal training programs
- Enhanced credits for First Nations individuals and persons with disabilities
These tax credits are available to sole proprietorships, partnerships and corporations.