Apprenticeship Job Creation Tax Credit Canadian Revenue Agency Receive a 10% Tax Credit to Cover Trade Training Wages. The Apprenticeship Job Creation Tax Credit offers a 10% tax credit to cover salaries and wages paid to training new apprentices in all trade professions in Canada. Apprenticeship Job Creation Tax Credit News
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a government funding program that provides financial support to software and digital application developers within the province. It entitles eligible interactive digital media developers to recover a portion of labour and marketing/distribution expenses attributable to both specified and non-specified products. These Ontario Creates tax credits will…
Hiring and training apprentices is a fundamental strategy for employers of skilled tradespeople. Yet for many employers, time and cash become obstacles to expand their team. Fortunately, the Government of Canada offers employers funding to offset the early-stage hiring and training costs of new apprentices. The Apprenticeship Job Creation Tax Credit (AJCTC) is one of…
Ontario-based interactive digital media companies have many options when it comes to accessing government funding for software production projects. In addition to federal grants and incentives, the Ontario Creates (formerly OMDC) also offers provincial funding programs to extend support for innovative software development and commercialization projects. These include digital media grants and tax credits designed…
During the spring and summer months each year, businesses across Ontario aggressively pursue government funding programs to hire students and post-secondary graduates. Among their many options, which include wage subsidies such as government grants and tax credits, businesses can strategically reduce their labour costs while also developing youth talent. The Ontario Co-operative Education Tax Credit…
Ontario’s digital media production industry provides the province with substantial economic benefits. Digital media contributes over $1.5 billion to the Ontario economy on an annual basis and provides full-time employment to more than 16,000 Ontarians. To enhance the competitiveness of Ontario corporations producing digital media, the Ontario Media Development Corporation (OMDC) created and administers the…
Co-operative education options at Canadian colleges and universities are on the rise; this is good news for both students and employers. Many Canadian post-secondary institutions have a wide range of co-op programs that support a variety of industries. In fact, the University of Waterloo offers the world’s largest co-op program, growing over 58% in the…
There are several options for companies engaged in developing interactive digital media products in Canada, including: Ontario government grants, Canadian small business loans, and both national & provincial tax credits. It is important to understand the difference between these funding instruments in order to maximize a digital media firm’s funding potential while improving project scope,…
The Ontario Ministry of Revenue offers a tax credit to businesses that hire post-secondary graduates to internships of 10 weeks or more. The exact amount of the tax credit varies depending on the salaries and wages paid to each co-operative education student work placement, with corporations able to claim 25 percent of eligible expenditures (30%…
Mentor Works connects with many businesses that have questions about hiring an apprentice. We appreciate that the process of hiring an apprentice can appear to be complicated. For this reason we have endeavoured to provide you with the information you need to know and a clear process to follow. Ontario Apprenticeship Programs Overview The Province…