PROVINCIAL AND FEDERAL GOVERNMENT GRANT AND TAX CREDITS
BC Training Tax Credit
The British Columbia Training Tax Credit (TTC), introduced in 2007, is a program designed to attract people to apprenticeship programs and to encourage those enrolled in apprenticeship programs to complete them.
Apprentices may qualify for up to $9,000 in tax credits as they progress through their training, with additional funding available to qualified apprentices under the Enhanced Tax Credit.
Employers may qualify for up to $16,500 in tax credits as their apprentice progresses through training. Additional tax credits are available to employers whose apprentices qualify for the Enhanced Tax Credit.
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Apprentice Incentive Grants
The Apprenticeship Incentive Grant (AIG) is a taxable cash grant of $1,000 per year, up to a maximum of $2,000 per person, available to registered apprentices once they have successfully finished their first or second year/level (or equivalent) of an apprenticeship program in one of the Red Seal trades.
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Apprentice Financial Supports
Apprentices may also be eligible to receive the following additional financial supports along with EI Part I benefits, if appliciable:
- Basic Living Expenses
- Dependent Care (Childcare)
- Disability Costs
- Commuting Costs
- Travel Costs
- Living away from home costs
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Apprentice Completion Grant
The Apprenticeship Completion Grant (ACG) is a taxable cash grant of $2,000 maximum available to registered apprentices who have successfully completed their apprenticeship training and obtained their journeyperson certification in a designated Red Seal trade on or after January 1, 2009.
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Tradesperson’s Tools Expense
The federal government will provide an annual tax deduction up to $500 for the cost of new tools over $1,000 per year attained by an employed tradesperson. Employers must certify the tool purchases were required for employment activities. Electronic communication devised and electronic processing equipment do not qualify.
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Secondary School Apprenticeship (SSA) Scholarship Application
The SSA Scholarship, a $1000 cash award, is available to SSA students for sustained and exceptional work as an apprentice. The funds are intended to assist apprentices with the purchase of tools, equipment, materials, or post-secondary tuition.
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Youth Skills Hiring Incentive
The Youth Skills BC Workplace Pilot program offers BC employers a $2,000 hiring incentive when hiring an eligible youth (between the ages of 15 and 29) with skills/certification required to perform job duties.
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Apprentice Hiring Incentives
Federal -
Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006.
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Provincial -
Training Tax Credits provide refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the Industry Training Authority (ITA)
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