Form T2 Schedule 428 "British Columbia Training Tax Credit (2019 and Later Tax Years)" - Canada

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Download Form T2 Schedule 428 "British Columbia Training Tax Credit (2019 and Later Tax Years)" - Canada

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Clear Data
Schedule 428
Code 1901
Protected B
British Columbia Training Tax Credit
when completed
(2019 and later tax years)
Corporation's name
Business number
Tax year-end
Year
Month
Day
Complete this schedule if at any time in the tax year before January 1, 2020:
you paid salary and wages to an employee enrolled in an eligible training program administered through the British Columbia Industry Training Authority (ITA)
your employee performed services related to the training program at a permanent establishment in British Columbia
You cannot claim the training tax credit if your principal business is the construction, repair or conversion of ships.
To claim this credit, you must file a completed copy of this schedule with your T2 Corporation Income Tax Return within 36 months after the end of the tax
year in which you paid the eligible salary and wages.
There are three elements to the training tax credit program:
1. Basic credit for an eligible recognized program (non-Red Seal) (see Part 1).
2. Completion credit for an eligible training program (Red Seal and non-Red Seal) (see Part 2).
3. Enhanced credit for First Nations individuals and persons with disabilities (Red Seal and non-Red Seal) (see Part 3).
Enter the identification number provided by the ITA. If there is no identification number, enter the social insurance number (SIN) or the name of the employee.
Also enter the name of the Red Seal or non-Red Seal program and the salary and wages payable in the period. Attach additional schedules if more space is
required.
Do not complete Part 1 or Part 2 for an employee enrolled in an eligible program if you are claiming the enhanced tax credit in Part 3 for that
employee.
Eligible apprenticeship programs and completion requirements are described in the Income Tax Act (British Columbia) and by the Training Tax Credits
Regulation and the Industry Training Regulation.
Freedom of Information and Protection of Privacy Act (FOIPPA)
The personal information on this form is collected for the purpose of administering the Income Tax Act (British Columbia) under the authority of
paragraph 26(a) of the FOIPPA. Questions about the collection or use of this information can be directed to the Manager, Intergovernmental Relations,
PO Box 9444 Stn Prov Govt, Victoria BC V8W 9W8. (Telephone: Victoria at 250-387-3332 or toll-free at 1-877-387-3332 and ask to be re-directed).
Email: ITBTaxQuestions@gov.bc.ca
Part 1 – Basic tax credit (non-Red Seal apprenticeship programs only)
The basic tax credit is available during an employee's first 24 months of a non-Red Seal apprenticeship program. To claim this credit, enter on line 110 the
salary and
wages*
payable during the tax year where the employee was still within the first 24 months of a non-Red Seal program.
If your employee is in a red seal program, you cannot claim this basic tax credit.
A1
B1
C1
D1
E1
Salary and
ITA identification number
Name of program
Column C1
Lesser of column
(or SIN or name of employee)
wages*
×
D1 or $4,000
20%
100
105
110
115
120
Total
A
* Net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit,
the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
T2 SCH 428 E (19)
(Ce formulaire est disponible en français.)
Page 1 of 3
Clear Data
Schedule 428
Code 1901
Protected B
British Columbia Training Tax Credit
when completed
(2019 and later tax years)
Corporation's name
Business number
Tax year-end
Year
Month
Day
Complete this schedule if at any time in the tax year before January 1, 2020:
you paid salary and wages to an employee enrolled in an eligible training program administered through the British Columbia Industry Training Authority (ITA)
your employee performed services related to the training program at a permanent establishment in British Columbia
You cannot claim the training tax credit if your principal business is the construction, repair or conversion of ships.
To claim this credit, you must file a completed copy of this schedule with your T2 Corporation Income Tax Return within 36 months after the end of the tax
year in which you paid the eligible salary and wages.
There are three elements to the training tax credit program:
1. Basic credit for an eligible recognized program (non-Red Seal) (see Part 1).
2. Completion credit for an eligible training program (Red Seal and non-Red Seal) (see Part 2).
3. Enhanced credit for First Nations individuals and persons with disabilities (Red Seal and non-Red Seal) (see Part 3).
Enter the identification number provided by the ITA. If there is no identification number, enter the social insurance number (SIN) or the name of the employee.
Also enter the name of the Red Seal or non-Red Seal program and the salary and wages payable in the period. Attach additional schedules if more space is
required.
Do not complete Part 1 or Part 2 for an employee enrolled in an eligible program if you are claiming the enhanced tax credit in Part 3 for that
employee.
Eligible apprenticeship programs and completion requirements are described in the Income Tax Act (British Columbia) and by the Training Tax Credits
Regulation and the Industry Training Regulation.
Freedom of Information and Protection of Privacy Act (FOIPPA)
The personal information on this form is collected for the purpose of administering the Income Tax Act (British Columbia) under the authority of
paragraph 26(a) of the FOIPPA. Questions about the collection or use of this information can be directed to the Manager, Intergovernmental Relations,
PO Box 9444 Stn Prov Govt, Victoria BC V8W 9W8. (Telephone: Victoria at 250-387-3332 or toll-free at 1-877-387-3332 and ask to be re-directed).
Email: ITBTaxQuestions@gov.bc.ca
Part 1 – Basic tax credit (non-Red Seal apprenticeship programs only)
The basic tax credit is available during an employee's first 24 months of a non-Red Seal apprenticeship program. To claim this credit, enter on line 110 the
salary and
wages*
payable during the tax year where the employee was still within the first 24 months of a non-Red Seal program.
If your employee is in a red seal program, you cannot claim this basic tax credit.
A1
B1
C1
D1
E1
Salary and
ITA identification number
Name of program
Column C1
Lesser of column
(or SIN or name of employee)
wages*
×
D1 or $4,000
20%
100
105
110
115
120
Total
A
* Net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit,
the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
T2 SCH 428 E (19)
(Ce formulaire est disponible en français.)
Page 1 of 3
Clear Data
Protected B
when completed
Part 2 – Completion tax credit (Red Seal and non-Red Seal apprenticeship programs)
Calculation for an employee who has completed level three of an eligible apprenticeship program
To claim this credit, enter on line 210 the salary and
wages*
payable in the 12 months just before the completion of the level.
A2
B2
C2
D2
E2
Salary and
ITA identification number
Name of program
Column C2
Lesser of column
(or SIN or name of employee)
wages*
×
D2 or $2,500
15%
200
205
210
215
220
Total
B
Calculation for an employee who has completed level four of an eligible apprenticeship program
To claim this credit, enter on line 310 the salary and
wages*
in the 12 months just before the completion of the level.
A3
B3
C3
D3
E3
Salary and
ITA identification number
Name of program
Column C3
Lesser of column
(or SIN or name of employee)
wages*
×
D3 or $3,000
15%
300
305
310
315
320
Total
C
* Net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit,
the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
Part 3 – Enhanced tax credit
The enhanced training tax credit applies only to the following employees:
eligible First Nations individuals (defined as persons registered as an Indian under the Indian Act)
persons with disabilities (defined as persons eligible for the federal disability amount on their income tax and benefit return)
Calculation for an employee's first 24 months of a Red Seal apprenticeship program
To claim this credit, you must be eligible for the federal apprenticeship job creation tax credit (Red Seal programs only). Enter on line 411 the salary and
wages*
payable that are eligible for the federal apprenticeship job creation tax credit (included on line 603 of Schedule 31).
C4
A4
B4
D4
E4
Salary and
ITA identification number
Name of program
Column C4
Lesser of column
×
(or SIN or name of employee)
wages*
D4 or $1,000
5.5%
400
405
411
416
420
Total
D
Calculation for an employee's first 24 months of a non-Red Seal apprenticeship program
This credit includes the basic and enhanced tax credit. To claim this credit, enter on line 510 the salary and
wages*
payable during the tax year when the
employee was still within the first 24 months of a non-Red Seal program.
A5
B5
C5
D5
E5
Salary and
ITA identification number
Name of program
Column C5
Lesser of column
(or SIN or name of employee)
wages*
×
D5 or $6,000
30%
500
505
510
515
520
Total
E
* Net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit,
the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
Page 2 of 3
Clear Data
Protected B
when completed
Part 3 – Enhanced tax credit (continued)
Calculation for an employee who has completed level three of an eligible apprenticeship
program (Red Seal and non-Red Seal apprenticeship programs)
This credit includes the completion and enhanced tax credit. To claim this credit, enter on line 610 the salary and
wages*
payable in the 12 months just before
the completion of the level.
C6
A6
B6
D6
E6
ITA identification number
Name of program
Salary and
Column C6
Lesser of column
wages*
×
(or SIN or name of employee)
D6 or $3,750
22.5%
600
605
610
615
620
Total
F
Calculation for an employee who has completed level four of an eligible apprenticeship
program (Red Seal and non-Red Seal apprenticeship programs)
This credit includes the completion and enhanced tax credit. To claim this credit, enter on line 710 the salary and
wages*
payable in the 12 months just before
the completion of the level.
A7
B7
C7
D7
E7
Salary and
ITA identification number
Name of program
Column C7
Lesser of column
(or SIN or name of employee)
wages*
×
D7 or $4,500
22.5%
700
705
710
715
720
Total
G
* Net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit,
the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
Part 4 – British Columbia training tax credit
800
Basic tax credit (amount A from Part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Completion tax credit
H
Amount B from Part 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Amount C from Part 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
805
Completion tax credit (amount H plus amount I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enhanced tax credit
J
Amount D from Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
K
Amount E from Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L
Amount F from Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M
Amount G from Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
810
Enhanced tax credit (add amounts J, K, L, and M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
815
Credit allocated from a
partnership*
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
N
British Columbia training tax credit (add lines 800, 805, 810, and 815) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter at line 679 of Schedule 5, Tax Calculation Supplementary – Corporations.
* A corporation that is a member of a partnership, other than a specified member as defined in subsection 248(1) of the federal Income Tax Act, can claim
its appropriate portion of the British Columbia training tax credit on salary and wages payable for employment. The appropriate portion is that portion that
may reasonably be considered to be in the same proportion in which the partners have agreed to share any income or loss.
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