Among the various government programs is the BC Increased Employment Incentive and the deadline to apply is December 31, 2021. If you have not already done so, we encourage you to review the eligibility criteria to determine if you should apply.
Eligibility
All private sector BC employers, including most charities and non-profits, who increased their BC remuneration by creating new jobs or increasing the pay of existing employees making less than $1,129.33 per week for the qualifying quarter (October to December of 2020) versus the base quarter (July to September of 2020) are eligible to participate.
Benefit
The tax credit is calculated at 15% of the amount that the employer’s qualifying BC remuneration exceeds the employer’s base BC remuneration.
Action Needed
Employers are required to register for the incentive program through the eTaxBC system.
Please review the information provided on the province’s website for more information:
https://www2.gov.bc.ca/gov/content/covid-19/economic-recovery/increased-employment-incentive#how-to-apply
Do not hesitate to give us a call with any questions.
Regards,
A-R PARTNERS