Apprenticeship Training Tax Credits

The ATTC is a refundable tax credit that applies to eligible expenditures incurred after May 18, 2004 in hiring qualifying apprentices in qualifying skilled trades in Ontario.
There are several criteria that have to be in place to determine eligibility. These criteria include the type of industry that you are in, the relative wage expenditures made by your company, details relating to the specific terms of the apprenticeship and nature of the apprenticeship. Applications have to be in accordance with strict Government requirements. Errors or omission in completing the applications could result in costly denials of refund. We have extensive experience in filing these refund claims and would be glad to assist you in this area.

There is also a Federal Apprenticeship Job Creation Tax Credit i.e. the AJCTC. This is applicable to eligible apprentices in respect of employment after May 1, 2006. As with the Provincial credit there are qualifying factors which have to be considered including types of prescribed trades and salary considerations. To avoid costly errors and omissions let us assist you with filing these credits.

Other Corporate Tax Credits

Additional Corporate Tax Credits include the Graduate Transition Tax Credit which applies to the employment of unemployed graduate students and the Co-operative Education Tax Credit which applies to the employment of eligible students. There are several other credits which are industry specific. If you are not claiming these types of available credits you are unnecessarily harming your bottom line. Let us file these credits for you to ensure compliance with the strict Government filing requirements.