B.C. employers can apply for a tax credit for hiring, rehiring laid-off employees or increasing hours. (Vernon Morning Star)

B.C. employers can apply for a tax credit for hiring, rehiring laid-off employees or increasing hours. (Vernon Morning Star)

B.C. opens applications for COVID-19 hiring, rehiring tax credit

Credit can be applied to outstanding employer health tax

The B.C. government is taking applications for a tax credit from private sector employers who can show an increase in payroll for the last three months of 2020.

Funded with $190 million from the province’s COVID-19 economic recovery plan, the tax credit can cover up to 15 per cent of any increase in eligible payroll paid in the last quarter, and the finance ministry says it could reach $2,230 per employee.

The credit is available to all employers in B.C. except public institutions and political parties. Credits would be applied first to amounts owing from the province’s employer health tax, a payroll tax brought in by the NDP to replace Medical Services Plan premiums paid by employers and individuals.

“We consulted the business community last year about measures that would help them get back on their feet and build their confidence,” Finance Minister Selina Robinson said in a statement March 30.

The ministry suggests businesses should file their 2020 employer health tax return before applying for the hiring tax credit.

RELATED: B.C. health tax wins ‘paperweight award’ from business group

RELATED: Restaurant owners frustrated by latest indoor dining ban


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureBC politicsCoronavirus

Just Posted

Pictured above is a BCEHS re-enactment of paramedics attending an overdose. Toxic illicit drugs have claimed the lives of 498 British Columbians in the first three months of 2021, said the BC Coroners Service. (BCEHS photo)
Increase in overdose cases a concern: Fort St. James RCMP

Police issue public health announcement

Jim Woodruff from the Vanderhoof Curling Club has won volunteer of the year by Curl BC. (Photo submitted)
Jim Woodruff awarded Curl BC Volunteer of the Year

“It really is fun making nice ice.”

A groundbreaking ceremony for Cluculz Lake’s new fire hall will take place Tuesday, June 22. The current fire hall is able to only store one apparatus. (Photo submitted)
New fire hall on the way for Cluculz Lake

Approximate $950,000 facility anticipated to be completed by this fall

Prince Rupert was one of the first B.C. communities targeted for mass vaccination after a steep rise in infections. Grey area marks community-wide vaccine distribution. (B.C. Centre for Disease Control)
B.C. tracks big drop in COVID-19 infections after vaccination

Prince Rupert, Indigenous communities show improvement

Chief Public Health Officer Theresa Tam listens to a question during a news conference, in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Restrictions will lift once 75% of Canadians get 1 shot and 20% are fully immunized, feds say

Federal health officials are laying out their vision of what life could look like after most Canadians are vaccinated against COVID-19

Police are at Ecole Mount Prevost Elementary but the students have been evacuated. (Kevin Rothbauer/Citizen)
Gardner finds buried explosives, sparking evacuation of Cowichan school

Students removed from school in an ‘abundance of caution’

A COVID-19 patient receives oxygen outside a hospital in Jammu, India, Wednesday, May 12, 2021. (AP/Channi Anand)
B.C. donates $500K to Red Cross COVID-19 relief efforts in India

The money will provide oxygen cylinders and ambulances for patients in communities grappling with the virus

Superintendent Aaron Paradis, community services officer with the Surrey RCMP, during a media availability about a recent drug bust in Port Coquitlam. (Photo: Lauren Collins)
Police seize 13 million ‘potentially fatal doses’ of pure fentanyl at B.C. drug lab

The evidence was seized at large, illicit drug manufacturing site in Port Coquitlam

B.C. Public Safety Minister Mike Farnworth debates the province’s latest measure to control crime, March 10, 2021. The legislation allows police to impound vehicles used to transport weapons and further restricts sale of vehicle and body armour. (B.C. legislature video)
B.C. seeking ways to ‘name and shame’ gangsters, minister says

Mike Farnworth appeals to family members to talk to police

Jonathan Prest had to climb way up to the top of a dead red cedar tree to rescue a terrified cat, but he made it up and down successfully. (Facebook photos)
Tree cutter rescues cat stuck 100 feet up a dead and dried-out cedar

Jonathan Prest put himself in extreme peril to get a terrified cat out of a dangerous situation

The Greater Victoria School District continues to face backlash over its wording and approach to Indigenous learners in its 2021-2022 budget talks. (Black Press Media file photo)
School district’s approach to Indigenous learners leaves Victoria teachers ‘disgusted’

Backlash grows over ‘pattern of colonial thinking permeating the leadership’

Italian-Canadian prisoners at the Kananaskis prisoner of war camp in Alberta. (University of Calgary/Contributed)
Italian moved to Okanagan with hope; he ended up being sent to a WWII internment camp

Raymond Lenzi shares his grandfather’s story ahead of Canada’s planned formal apology to Italian-Canadians

Most Read