Apprenticeship Job Creation Tax Credit (AJCTC)

Survive and Thrive — Wed, 08 Jul 2009 16:57:48 +0000

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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Scientific Research and Experimental Development (SR&ED) Tax Incentive Program

Survive and Thrive — Wed, 08 Jul 2009 12:56:22 +0000

The 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 claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.

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Survive and Thrive » tax credits

Apprenticeship Job Creation Tax Credit (AJCTC)

Scientific Research and Experimental Development (SR&ED) Tax Incentive Program