ARCHIVED - Apprenticeship Training and Co-operative Education Tax Credits calculation chart
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ARCHIVED - Apprenticeship Training and Co-operative Education Tax Credits calculation chart
We have archived this page and will not be updating it.
You can use it for research or reference.
We have archived this page and will not be updating it.
You can use it for research or reference.
Use this chart to calculate these credits if the total of the salaries and wages paid in the previous tax year was greater than $400,000 but less than $600,000.
Reproduce the chart to do separate calculations for each individual claimed for each credit.
| Amount of eligible expenditures | × % * | = | A | |||||||||||
| Enter again the amount of eligible expenditures | × 5% | = | B | |||||||||||
| Total of salaries and wages paid in the previous tax year |
− $400,000 | = | C | |||||||||||
| Amount from line C (if negative, enter "0") | ÷ 200,000 | = | D | |||||||||||
| 1 | minus the amount from line D | - | = | (if negative, enter "0") |  |
× | E | |||||||
| Multiply line B by line E | = | |
+ | F | ||||||||||
| Add lines A and F | Credit amount | = | G | |||||||||||
| * Enter the applicable rate for line A: | Apprenticeship Training Tax Credit = 25% Co-Operative Education Tax Credit = 10% |
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- Date modified:
- 2017-06-22