Apprenticeship Job Creation Tax credit (AJCTC)
The apprenticeship job creation tax credit (AJCTC) is a non-refundable investment tax credit (ITC) equal to 10% of the eligible salaries and wages payable to eligible apprentices. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice.
If your business hires an eligible apprentice, you qualify to claim 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. A prescribed trade includes the trades currently listed as Red Seal Trades.
