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

Victoria police are looking for a 38-year-old man after he allegedly assaulted and choked a missing 15-year-old victim in Beacon Hill Park Tuesday night. (Black Press Media file photo)
15-year-old choked in Beacon Hill tent, Victoria police assaulted while intervening

Police searching for 38-year-old suspect, two officers injured in altercation with park residents

Nanaimo-Ladysmith school district teachers’ union, and its counterparts from Mount Arrowsmith district, seek stricter COVID-19 rules. (News Bulletin file)
Nanaimo-Ladysmith teachers’ union asks for stricter COVID-19 measures

Teachers ask for vaccine, more online learning, mask mandate for primary students

Some Saanich firefighters have expressed concerns about first responders in the Island Health Region not being prioritized to receive the COVID-19 vaccine as an outbreak at a fire station would make service delivery a challenge. (Devon Bidal/News Staff)
Saanich firefighters not prioritized for COVID-19 vaccine despite working on frontlines

Saanich members express frustration, department calls on Island Health to take action

A total of 10 flight exposures have affected the Victoria International Airport in April so far, making it the highest monthly total since the start of the pandemic. (Black Press Media file photo)
Victoria hits record-breaking number of monthly COVID-19 flight exposures

As of April 21, 10 flight exposures reported for the month

Former University of Victoria rowing coach Barney Williams is photographed in the stands during the Greater Victoria Invitational at CARSA Performance Gym at the University of Victoria in Victoria, B.C., on Friday, November 29, 2019. THE CANADIAN PRESS/Chad Hipolito
Rowing Canada sanctions former head coach of UVic varsity women’s team

Suspension of Barney Williams would be reversed if he complies with certain terms

A large crowd protested against COVID-19 measures at Sunset Beach in Vancouver on Tuesday, April 20, 2021. (Snapchat)
VIDEO: Large, police-patrolled crowds gather at Vancouver beach for COVID protests

Vancouver police said they patrolled the area and monitored all gatherings

FILE – The Instagram app is shown on an iPhone in Toronto on Monday, March 19, 2018. THE CANADIAN PRESS/Graeme Roy
Judge acquits B.C. teen boy ‘set up’ on sex assault charge based on Instagram messages

The girl and her friends did not have ‘good intentions’ towards the accused, judge says

Kai Palkeinen recently helped a car stuck on the riverbed near the Big Eddy Bridge. While the car could not be saved, some of the driver’s belongings were. It’s common for vehicles to get stuck in the area due to significantly changing river levels from Revelstoke Dam. (Photo by Kai Palkeinen)
“I just sank a car’: Revelstoke resident tries to save vehicle from the Columbia River

Although it’s not permitted, the riverbed near the city is popular for off roading

Meng Wanzhou, chief financial officer of Huawei, walks down the street with an acquaintance after leaving B.C. Supreme Court during a lunch break at her extradition hearing, in Vancouver, B.C., Thursday, April 1, 2021. A judge is scheduled to release her decision today on a request to delay the final leg of hearings in Meng Wanzhou’s extradition case. THE CANADIAN PRESS/Rich Lam
B.C. judge grants Meng Wanzhou’s request to delay extradition hearings

Lawyers for Canada’s attorney general had argued there is no justification to delay proceedings in the case

B.C. Premier John Horgan announces travel restrictions between the province’s regional health authorities at the legislature, April 19, 2021. (B.C. government photo)
B.C. sees 862 more COVID-19 cases Wednesday, seven deaths

Recreational travel restrictions set to begin Friday

B.C. Finance Minister Selina Robinson is photographed following her budget speech in the legislative assembly at the provincial legislature in Victoria, Tuesday, April 20, 2021. THE CANADIAN PRESS/Chad Hipolito
B.C. budget lacks innovative drive, vision during uncertain times, say experts

Finance Minister Selina Robinson’s budget sets out to spend $8.7 billion over three years on infrastructure

Using panels kept cold by water circulating within them, B.C. researchers compared thermal comfort in 60 of the world’s most populous cities, including Toronto. (Lea Ruefenacht)
B.C. researchers use air conditioning to combat spread of COVID particles

Dr. Adam Rysanek and his team have proven a new worthwhile system – a mixture of cooling panels and natural ventilation

Police road checks are coming for people travelling between regions while COVID-19 travel restrictions are in place. (Black Press file photo)
B.C. clarifies COVID-19 travel restrictions, Lower Mainland a single zone

Vehicle checks on highways, at ferry terminals to start Friday

(Black Press Media file photo)
Saanich calls for non-police security for mental health patients at hospitals

Saanich police spent nearly 1,200 hours waiting with patients at hospitals in 2020

Most Read