Apprenticeship Job Creation Tax Credit (AJCTC)

By Survive and Thrive - Wednesday, July 8th, 2009

The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable federal tax credit equal to 10 per cent of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit is $2,000 per year for each eligible apprentice.

Any business that hires an “eligible apprentice,” can qualify for 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.

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Tags: AJCTC, apprentice, apprenticeship, apprenticeship job creation tax credit, Canada Revenue Agency, CRA, red seal trade, tax credits