Apprenticeship Grants & BC Training Tax Credit Info

Canada Revenue Agency - Apprenticeship Job Creation Tax Credit
www.cra-arc.gc.ca/whtsnw/pprntcshp-eng.html

Ministry of Small Business & Revenue - BC Training Tax Credit Program
www.sbr.gov.bc.ca/business/income_taxes/ttc

Tax Credits

A basic Provincial Tax Credit of $1000 a year is available when you complete Level 1 or 2 of a British Columbia recognized (non-red seal) program on or after January 1, 2007.
A provincial Completion Tax Credit of up to $2500 is available when you complete Level 3 or higher of either a red seal or non-red seal program on or after January 1, 2007.
As an employed tradesperson, you can take an annual deduction of up to $500 to be applied towards the purchase of eligible tools. For more information on this deducation please visit http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/trds/trdsprsn-eng.html

Incentive Grants and Bursaries

Apprenticeship Incentive Grant (AIG) - effective January 1, 2007, apprentices completing their Level 1 or 2 of a red seal apprenticeship program are eligible for a $1000 Apprenticeship Incentive Grant (AIG). Information and forms are available at http://www.servicecanada.gc.ca/eng/goc/apprenticeship/incentivegrant/program.shtml
General enquiries may also be directed to Service Canada at 1-866-742-3644 or 1-866-909-9757 (for the hearing impaired)
Apprenticeship Completion Grant (ACG) - The Apprenticeship Completion Grant (ACG) is a $2000 taxable cash grant designed to encourage apprentices registered in a designatede Red Seal trade to complete their apprenticeship program and receive their certification. Information and forms are available at http://www.servicecanada.gc.ca/eng/goc/apprenticeship/completiongrant/program.shtml

Ministry of Education - Secondary School Apprenticeship Scholarships - www.bced.gov.bc.ca/careers/ssa/application and Passport of Education Awards, Provincial and District Scholarship Awards - www.itabc.ca/assetfactory.aspx?did=622