Apprenticeship Job Creation, Co-op Education, and Disability Tax Credits
At TGC, we strive to make or save our clients money any way we can. One of the ways we do this is by using a variety of tax credits, some of which many are unfamiliar.
The Apprenticeship Job Creation Tax Credit allows employers to claim up to $2000 per year for each eligible apprentice.
The Co-op Education Tax credit allows employers to claim up to $3,000 per student. Ontario businesses that hire students enrolled in a post-secondary co-operative education program are eligible for the tax credit.
The Disability tax Credit is one many have heard of, but may not realize the full scope of who is eligible, such as those with juvenile diabetes and stroke victims. The ability to work is also not considered when determining eligibility.
These are just a few examples of how TGC is making accounting about more than just numbers.