There are several programs currently available in British Columbia to help employers subsidize employee wages and thus employ more people. Programs are offered by the federal and provincial governments and by some private sector and not-for-profit organizations. Here is a list of the most well known programs.
Targeted Wage Subsidy Program
The Targeted Wage Subsidy Program exists and that’s about all that can be said about it. Details available on the website link above or the PDF are pathetically scanty. No idea if this program is of any benefit to anyone and it seems to be a far cry from the fairly robust sounding WorkSource Wage Subsidy Program that existed before it.
Apprenticeship Job Creation Tax Credit
This is a federal government program. Quoting from the website:
“If you hire an apprentice, you could get a tax credit equal to 10% of that person’s salary. The maximum credit is $2,000 per year (per eligible apprentice). You need to hire an apprentice who is:
- In the first two years of an apprenticeship program registered with the government
- In a trade like those listed under the Red Seal Trades
- Working towards getting a certificate or licence in that trade”
British Columbia Training Tax Credit Program
This is a provincial government program that has been in effect since 2007 but expires at the end of 2014. To quote from this website:
“The training tax credit provides refundable income tax credits for employers who employ apprentices enrolled in apprenticeship programs administered through the Industry Training Authority (ITA).”
Canada Summer Jobs
This is a federal program. From the Canada Summer Jobs web page:
“Do you plan to hire students to help out at your small business next summer? This wage subsidy could help you pay up to 50% of the salary to an eligible full-time student.
- Students must be aged between 15 and 30
- Your business should not have more than 50 full-time employees
- You need to meet the priorities set by your region”
Note that the website says that the application process is closed for 2013 but that interested businesses can apply for next year’s program from December 2, 2013 to January 10, 2014.
This federal program is intended to help businesses employ recent college or university grads. From their website:
” You could get money to help you hire and pay the salary of college or university graduates.
You need to:
- Be a Canadian business
- Pay part of the salary yourself
- Have full-time work that lasts at least four months
- Give the graduates work experience that will help them in their careers
Other conditions apply. You can apply for national, regional or local projects.”
Industrial Research Assistance Program: Youth Employment Program
This federal program says on their webpage:
“You could receive a financial contribution towards the salary of a post-secondary graduate to help you research, develop and commercialize new technologies. To be eligible, your business needs to:
- Be incorporated and for-profit
- Have up to 500 full-time employees
- Be ready to enhance its innovation capacity
The duration of the internship must be between six and twelve months. Other conditions apply.
Opportunities Fund – Funding for Employers and Organizations
This is a federal program. “If you’re an employer, you could get a wage subsidy to hire someone with a disability. Before proceeding with the project, you are required to get approval.” See the website for more information.
Science and Technology Internship Program
This federal program is geared toward businesses in the geomatics, geology, mining, forestry or energy sector. If you have a business that qualifies you could:
“you could get up to $13,200 to hire a recent university or college graduate in a natural science field for an internship of up to 52 weeks.
In order to be eligible, you need to:
- Hire and train an intern who is no older than 30
- Provide a work plan and budget (including the salary paid to the intern)
- Plan a project that lasts 6 to 12 months
- Supply at least the same amount of money as you receive for the intern’s salary
Other conditions apply.”
This federal program allows businesses to hire and train young workers between the ages of 15 and 30. Their webpage says:
” You could get up to $50,000 to hire and train a youth between the ages of 15 and 30 for projects that last up to 30 weeks. Your project can be either local or regional. You need to hire youth who are registered with this program and who are at risk of not finding a job. You should provide experience that will help the youth to find work later on.”
Community and Employer Partnerships
This provincial government program doesn’t subsidize wages but rather works to “foster collaborative, coordinated networks of community organizations and employers across the province”.