Industry Resources

/Industry Resources
Industry Resources 2017-10-05T20:02:55+00:00




  • DRIVE CLEAN – MINISTRY OF ENVIRONMENT: Drive Clean plays an important role by identifying excessively polluting cars and trucks with emissions problems and requiring them to be repaired. While today’s vehicles are cleaner through advances in emissions technology, all vehicles require regular maintenance to keep them operating properly.

  • DEDUCTION FOR TOOLS (2016): If you were a tradesperson in 2016, use the following formula to calculate your maximum tradesperson’s tools deduction for the cost of eligible tools you bought in 2016.

  • CO-OP EDUCATION TAX CREDIT: The Co-operative Education Tax Credit (CETC) is a refundable tax credit. The CETC is available to employers who hire students enrolled in a co-operative education program at an Ontario university or college.

  • APPRENTICESHIP JOB CREATION TAX CREDIT: The AJCTC is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit.

  • TOOL TAX CREDIT: You may be able to deduct the cost of eligible tools you bought to earn employment income as a tradesperson and as an eligible apprentice mechanic. This cost includes any GST, and provincial sales tax, or HST you paid.

  • APPRENTICESHIP GRANTS: Apprenticeship grants are designed to make a career in the trades an attractive choice and encourage more apprentices to complete their training. Eligible apprentices could receive up to $4,000, which can be used to pay for tuition, travel, tools, or other expenses.