Hiring Credit for Small Business


December 19th, 2011

Back in June 2011 in an effort to bolster the job market, the Canadian government announced the Hiring Credit. This is a one time payment of up to $1,000, that will be sent out 2012.  To qualify, your small business needs to:

  • pay less than $10,000 in total Employment Insurance (EI) premiums in 2010;
  • reflect an increase in EI premiums in 2011;
  • file a T4 return for 2011

The payment will be the increase in your EI premiums from 2010 to 2011.  Read more here.

Filed under: Business tax by David Boese No Comments »