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Deadline of BC Increased Employment Incentive Set to End of the Year

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Applications for British Columbia’s Increased Employment Incentive must be received before December 31 of this year.

This incentive is a one-time refundable tax credit for employers that encouraged the creation of jobs for BC employees.

Employers that encouraged increases in wages for employees with low or moderate incomes during the final quarter that ended December 31 last year are also eligible to apply.

It is calculated at 15 percent of by which the employer’s eligible remuneration for the final quarter (Dec 31, 2020) surpasses the eligible income for the quarter ending on September 30, 2020.

For more information, including eligibility requirements and access to the application, visit this site.

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