Survive and Thrive » apprentice http://survive-and-thrive.ca Wed, 17 Mar 2010 17:05:09 +0000 http://wordpress.org/?v=2.8 en hourly 1 Apprenticeship Job Creation Tax Credit (AJCTC) http://survive-and-thrive.ca/apprenticeship-job-creation-tax-credit-ajctc/ http://survive-and-thrive.ca/apprenticeship-job-creation-tax-credit-ajctc/#comments Wed, 08 Jul 2009 16:57:48 +0000 Survive and Thrive http://survive-and-thrive.ca/?p=430 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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