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ARCHIVED - Apprenticeship training or Co-operative education tax credits calculation chart

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

× % *

=

1

Enter again the amount of eligible expenditures

× 5%

=

2

Total of salaries and wages paid in the previous tax year

− $400,000 =

3

Amount from line 3 (if negative, enter "0")

÷ 200,000 =

4

1

minus the amount from line 4

=

(if negative, enter "0")

×

5

Multiply line 2 by line 5

=

+

6

Add lines 1 and 6

Credit amount

=

7

* Enter the applicable rate for line 1:

Apprenticeship training tax credit = 25% Co-operative education tax credit = 10%

Return to Completing your Ontario forms

Date modified:

2007-01-02