Tax credit for hiring apprentices

Get a non-refundable tax credit equal to 10% of the salaries and wages paid to your apprentices, up to a maximum of $2,000/year for each apprentice.
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable investment tax credit (ITC) equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit.

An eligible apprentice is someone who is working in a prescribed trade in the first two years of their apprenticeship contract. This contract must be registered with a federal, provincial, or territorial government under an apprenticeship program designed to certify or license individuals in the trade.

A prescribed trade includes the trades currently listed as Red Seal Trades

Give your application the best chance at approval. AKR Consulting has an 99% approval rating across all Canadian funding programs.