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