Tax Credit Info – Apprenticeship
Apprentice Incentive Grant
- Apply once you have met the requirements
- A copy of the ‘ITA Confirmation of Progression Letter’ is submitted with your application. ITA issues this letter, once you have met the requirements
- Must apply by June 30th of the following calendar year
- Example – Meet requirement in 2014, must apply by June 30th 2015
- Taxable Cash Grant
Basic Training Tax Credit
- Apply in the tax year, once you have met requirements
- ITA transcript is used as proof of meeting requirements
- Complete the British Columbia Training Tax Credit (T1014) form and submit it with your T1 Income Tax Return
- Must be claimed no later then 36 months after the end of the tax year
Completion Tax Credit
- Apply once you have met requirements
- ITA transcript is used as proof of meeting requirements
- Complete the British Columbia Training Tax Credit (T1014) form and submit it with your T1 Income Tax Return
- Must be claimed no later then 36 months after the end of the tax year.
Apprenticeship Completion Grant
- Apply once you have met requirements
- Provide proof of Certificate of Apprenticeship & Certificate of Qualification
- Must apply by June 30th of the following calendar year
- Example – Meet requirement in 2014, must apply by June 30th, 2015
- Taxable Cash Grant18