Form CT23 (2495B) Schedule 114 "Apprenticeship Training Tax Credit (Attc)" - Ontario, Canada

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Ministry of Finance
Apprenticeship Training Tax Credit (ATTC)
Corporations Tax
CT23 Schedule 114
33 King Street West
PO Box 620
Oshawa ON L1H 8E9
Corporation's Legal Name
Taxation Year End
Instructions for completing the ATTC Claim Form
See the reverse for a detailed description of the
Corporations are eligible for a 25% (30% in the case of
Apprenticeship Training Tax Credit.
corporations with payroll not exceeding $400,000) refundable tax
credit on wages and salaries paid or payable for services
Enter the relevant details for each eligible apprentice, including the
performed after May 18, 2004 by an eligible apprentice during the
amount of tax credit.
first 36 months of an apprenticeship.
Your total tax credit for the taxation year is equal to the sum of
The maximum amount of credit that can be claimed in respect of
the tax credits for each eligible apprentice.
each eligible apprentice is $5,000 per year to a maximum of
Enter the total tax credit claimed on line
, page 7 of the CT23
203
$15,000 over the first 36 months of the apprenticeship. The
Long, or page 4 of the CT23 Short, or page 4 of the CT8.
maximum annual tax credit of $5,000 is pro-rated for the number
of days the apprentice was employed during the taxation year.
Enter the total number of apprentices hired on line
, page 7 of
202
the CT23 Long, or page 4 of the CT23 Short, or page 4 of the CT8.
The credit is considered government assistance and is therefore
to be included in income in the year the credit is claimed.
Summary of Apprenticeship Training Tax Credit Claimed
Complete a separate entry for each eligible apprentice that is in a qualifying
Example: A taxpayer, with a December 31, 2004 taxation year end, hires an
skilled trade and hired before January 1, 2012. This credit applies to salaries
otherwise eligible apprentice on June 1, 2004 at a salary of $3,500 per month.
and wages paid after May 18, 2004 and before January 1, 2015 to eligible
The taxpayer’s salaries and wages in the preceding taxation year were $700,000.
apprentices during the first 36 months of an apprenticeship.
The credit claimed is the lesser of *(1) 25% of salaries paid to the apprentice
during the period of employment (25% x $3,500 x 7 = $6,125), and *(2) $5,000
multiplied by the number of days the apprentice was employed during the
taxation year, divided by the total number of days in the calendar year ($5,000 x
Eligible Apprenticeship
214/366 = $2,923). Hence, the credit claimed in the 2004 taxation year is $2,923.
Contract or
Eligible
* Credit
Trade
Description of
Apprentice Name and
Employment Period
Agreement
Expenditures
Claimed
Code
Apprenticeship Program
Social Insurance No. (SIN)
No.
(EE)
(See notes below)
year
month
day
year
month
day
Name
From
5850
5876
To
SIN
Name
From
5851
5877
To
SIN
Name
From
5852
5878
To
SIN
If insufficient space, attach schedule
5874
5898
Totals
Corporation’s salaries & wages paid in the preceding taxation year A
$
Transfer to 203 on Page 7 of the CT23 Long
If A is $600,000 or greater use 25%.
or Page 4 of the CT23 Short,
If A is $400,000 or less use 30%.
or Page 4 of the CT8
If A is over $400,000 but less than $600,000 use the following formula to calculate the specified percentage:
[
]
(
) ÷
Specified percentage = .30 –
.05
– $400,000
$ 200,000
From A
Indicate specified percentage used:
%
* Credit claimed equals lesser of:
(1) EE multiplied by the specified percentage, and
(2) $5,000 x number of days the apprentice was employed in the taxation year
365 (366 if leap year)
=
Total Number of Apprentices .
. . .
.
.
.
. .
. .
.
. .
.
.
. .
. .
.
.
. . .
. .
. . .
. .
. .
5896
Transfer to 202 on Page 7 of the CT23 Long or
Page 4 of the CT23 Short, or Page 4 of the CT8
Eng 2495B (2014/05)
© Queen's Printer for Ontario, 2014
Disponible en français
Ministry of Finance
Apprenticeship Training Tax Credit (ATTC)
Corporations Tax
CT23 Schedule 114
33 King Street West
PO Box 620
Oshawa ON L1H 8E9
Corporation's Legal Name
Taxation Year End
Instructions for completing the ATTC Claim Form
See the reverse for a detailed description of the
Corporations are eligible for a 25% (30% in the case of
Apprenticeship Training Tax Credit.
corporations with payroll not exceeding $400,000) refundable tax
credit on wages and salaries paid or payable for services
Enter the relevant details for each eligible apprentice, including the
performed after May 18, 2004 by an eligible apprentice during the
amount of tax credit.
first 36 months of an apprenticeship.
Your total tax credit for the taxation year is equal to the sum of
The maximum amount of credit that can be claimed in respect of
the tax credits for each eligible apprentice.
each eligible apprentice is $5,000 per year to a maximum of
Enter the total tax credit claimed on line
, page 7 of the CT23
203
$15,000 over the first 36 months of the apprenticeship. The
Long, or page 4 of the CT23 Short, or page 4 of the CT8.
maximum annual tax credit of $5,000 is pro-rated for the number
of days the apprentice was employed during the taxation year.
Enter the total number of apprentices hired on line
, page 7 of
202
the CT23 Long, or page 4 of the CT23 Short, or page 4 of the CT8.
The credit is considered government assistance and is therefore
to be included in income in the year the credit is claimed.
Summary of Apprenticeship Training Tax Credit Claimed
Complete a separate entry for each eligible apprentice that is in a qualifying
Example: A taxpayer, with a December 31, 2004 taxation year end, hires an
skilled trade and hired before January 1, 2012. This credit applies to salaries
otherwise eligible apprentice on June 1, 2004 at a salary of $3,500 per month.
and wages paid after May 18, 2004 and before January 1, 2015 to eligible
The taxpayer’s salaries and wages in the preceding taxation year were $700,000.
apprentices during the first 36 months of an apprenticeship.
The credit claimed is the lesser of *(1) 25% of salaries paid to the apprentice
during the period of employment (25% x $3,500 x 7 = $6,125), and *(2) $5,000
multiplied by the number of days the apprentice was employed during the
taxation year, divided by the total number of days in the calendar year ($5,000 x
Eligible Apprenticeship
214/366 = $2,923). Hence, the credit claimed in the 2004 taxation year is $2,923.
Contract or
Eligible
* Credit
Trade
Description of
Apprentice Name and
Employment Period
Agreement
Expenditures
Claimed
Code
Apprenticeship Program
Social Insurance No. (SIN)
No.
(EE)
(See notes below)
year
month
day
year
month
day
Name
From
5850
5876
To
SIN
Name
From
5851
5877
To
SIN
Name
From
5852
5878
To
SIN
If insufficient space, attach schedule
5874
5898
Totals
Corporation’s salaries & wages paid in the preceding taxation year A
$
Transfer to 203 on Page 7 of the CT23 Long
If A is $600,000 or greater use 25%.
or Page 4 of the CT23 Short,
If A is $400,000 or less use 30%.
or Page 4 of the CT8
If A is over $400,000 but less than $600,000 use the following formula to calculate the specified percentage:
[
]
(
) ÷
Specified percentage = .30 –
.05
– $400,000
$ 200,000
From A
Indicate specified percentage used:
%
* Credit claimed equals lesser of:
(1) EE multiplied by the specified percentage, and
(2) $5,000 x number of days the apprentice was employed in the taxation year
365 (366 if leap year)
=
Total Number of Apprentices .
. . .
.
.
.
. .
. .
.
. .
.
.
. .
. .
.
.
. . .
. .
. . .
. .
. .
5896
Transfer to 202 on Page 7 of the CT23 Long or
Page 4 of the CT23 Short, or Page 4 of the CT8
Eng 2495B (2014/05)
© Queen's Printer for Ontario, 2014
Disponible en français
Apprenticeship Training Tax Credit (ATTC)
The ATTC, introduced in the 2004 Ontario Budget, is a refundable tax credit that applies to eligible expenditures
incurred after May 18, 2004 in hiring qualifying apprentices in qualifying skilled trades in Ontario. For additional
information on the ATTC, refer to Interpretation Bulletin 3020R2, dated September 2007.
Eligible employers
Amount of tax credit
• Once the qualifying expenditures have been
• The credit is available to businesses who:
determined, apply the applicable specified percentage
- have permanent establishments in Ontario
to the eligible expenditures.
- are subject to Ontario Income Tax
• The applicable specified percentage varies between
- incur eligible expenditures in respect of a
25% and 30% depending on the salaries and wages
qualifying apprentice.
paid in the immediately preceding taxation year:
Eligible expenditures
- If the corporation’s salaries and wages in the
previous taxation year were $600,000 or greater,
• Include all amounts (i.e., wages and salaries, including
the specified percentage is 25%.
taxable benefits) paid by your corporation to an
- If the corporation’s salaries and wages in the
apprentice in respect of a qualifying apprenticeship.
previous taxation year were $400,000 or less, the
enhanced specified percentage of 30% applies.
• Wages and salaries paid must:
- If the corporation’s salaries and wages paid in the
- be attributable to an Ontario permanent
establishment of the employer’s business.
previous taxation year were over $400,000, but less
than $600,000, the enhanced specified percentage
- be paid after May 18, 2004 and before
is progressively reduced.
January 1, 2015.
- relate to services provided by the apprentice
• The maximum credit for each eligible apprentice is
during the first 36 months of the apprenticeship
$5,000 per year, to a maximum of $15,000 over the
training program.
first 36 months of the apprenticeship. The maximum
annual tax credit of $5,000 is pro-rated for the number
• Eligible expenditures must be reduced by any
of days the apprentice was employed during the
government assistance received, including grants,
taxation year.
subsidies and forgivable loans.
Qualifying apprenticeship
• The apprentice’s employment with the corporation
commenced before January 1, 2012.
• The apprentice is in a qualifying skilled trade approved
by the Ministry of Training, Colleges and Universities.
• The corporation and the apprentice are participating in
an approved apprenticeship training program.
• The terms of the apprenticeship require the apprentice
to engage in productive work during the
apprenticeship.
• The apprentice is entitled to receive remuneration for
work performed during the apprenticeship and has
actually performed the work and assumed the
responsibilities required under the terms of
apprenticeship.
Eng 2495B (2014/05)
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