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. [...]
Posts Tagged ‘tax credits’
Apprenticeship Job Creation Tax Credit (AJCTC)
by Survive and Thrive - Wednesday, July 8th, 2009
Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
by Survive and Thrive - Wednesday, July 8th, 2009The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors, to conduct research and development in Canada. It is the largest single source of federal government support for industrial R&D.
The SR&ED program gives [...]
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