British Columbia’s training tax credit program, which was implemented in January 1, 2007 has been extended through 2017. The training tax credit is for employers and apprentices who take part in eligible apprenticeship programs administered through the Industry Training Authority (ITA). ITA oversees BC’s industry training and apprenticeship system, including the administration of Red Seal (Inter-provincial) and non-Red Seal (BC-recognized) training programs.
There are three main elements to the training tax credit: basic credit for non-Red Seal training programs; completion credit for Red Seal and non-Red Seal training programs; and enhanced credit for First Nations individuals and persons with disabilities.
The federal government provides a credit for employers and a grant for apprentices for Red Seal programs.
In related news, ITA recently launched a new online job match tool for trades apprentices. Apprentice Job Match, which is linked to the WorkBC website, is designed to connect trades students seeking an apprenticeship with employers looking to hire. According to ITA, the website attracts over 20,000 visitors daily and 10,000 job postings. The launch, which coincided with the inaugural Apprenticeship Recognition Day on November 7, 2014, was hosted by Camosun Trades Foundation.