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You're eligible to claim the training tax credit if you're: A B.C. resident at the end of December 31 of the taxation year you're claiming the credit, Registered with SkilledTradesBC as an apprentice in an eligible program (PDF), and.

Eligibility. You're eligible to claim the training tax credit if you're: A B.C. resident at the end of December 31 of the taxation year you're claiming the credit, Registered with SkilledTradesBC as an apprentice in an eligible program (PDF), and.

As an independent contractor, you control your fees, your work hours, and how you work. Because you're self-employed, you're responsible for managing your own taxes. The T2125 tax form is a must for reporting your income and expenses as an independent contractor.

To be eligible, you need to be a worker: with at least $10,000 in earnings for work (including maternity or parental leave benefits) with an income below about $150,000. between the ages of 25 and 64.

the basic tax credit for apprentices in the first 24 months of a non-Red Seal program (20%, maximum $4,000) the completion tax credit when an apprentice completes level three or four of either a Red Seal program or a non-Red Seal program (15%, maximum $2,500/$3,000)

The training tax credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the SkilledTradesBC. Budget 2022 extended the training tax credit for employers for another two years to December 31, 2024. Learn about: Eligibility requirements.

2023 and 2022 B.C. basic tax credits Personal CreditsBase Amount 2023IndexedBasic personal amount$11,981yesSpousal Reduce when spousal income exceeds$10,259 $1,026yesEligible dependant Reduced when dependant income exceeds$10,259 $1,026yesB.C. caregiver credit Reduced when dependant income exceeds$5,243 $17,742yes11 more rows