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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Traffic heading south on Highway 17 and looking to turn left onto Beacon Avenue wait for the light to turn Tuesday morning. A report finds the intersection is experiencing “failing levels of service” for certain movements during the morning peak hours as well as the afternoon peak hours. (Wolf Depner/News Staff)
Major Sidney intersection already deficient predicted to get worse

New report also finds area’s pedestrian and cycling infrastructure in need of improvement

An employee at Sidney’s Thrifty Foods tested positive for COVID-19, the parent company Sobeys posted on its website Wednesday. (Wolf Depner/News Staff)
COVID-19 case reported at Sidney grocery store

Thrifty Foods employee last worked at the store April 3

The artist rendered Sadie with a few more ribs and wrinkles than she had in real life, and with the fading of her paint she looks a little sad. But real-life Sadie was an energetic hunting dog, her owner Cliff Curtis said. (Zoe Ducklow/News Staff)
Dog sculpture at Glen Lake Park based off a happy hunting hound

Sadie the dog was not as old as the concrete art looks almost 20 years later

The Latoria South section of the Royal Bay development in Colwood could include a new long-term care facility. (Black Press Media file photo)
Colwood’s Royal Bay could be home to new long-term care facilities

Capital Regional Hospital District board approves $8M land purchase for purpose

Construction of the next phase of Dockside Green, which will include three condo buildings, is now underway, Bosa Developments announced April 9. (Bosa Developments)
Construction underway, homes for sale at Victoria’s Dockside Green

Bosa Developments took over the site from Vancity in 2017

(Black Press Media file photo)
POLL: Do you have a plan in place in the event of a tsunami?

Tsunamis have claimed the lives of more than 250,000 people between 1998… Continue reading

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of April 13

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Vancouver police say eight people were arrested Wednesday after anti-pipeline protesters blocked off both the entrances and exits to two buildings in the downtown core. (Instagram/Qtcatspictureclub)
8 people arrested after anti-pipeline protestors chain themselves to Vancouver buildings

Cst. Tania Visintin said demonstrators caused ‘a serious safety hazard’ downtown for hours Wednesday

Jamie Coutts recorded a man following her around downtown Vancouver for a half-hour on Wednesday, March 18. (Instagram screenshot/Iammjammbamm)
Man charged in alleged high-profile Vancouver stalking case that went viral online

Man faces five other charges including criminal harassment and assault with a weapon

A sea lion swims past the window of an empty viewing area Vancouver Aquarium is pictured Thursday, September 10, 2020. The Vancouver Aquarium has had to close its doors to the public due to the lack of visitors during the COVID-19 pandemic. THE CANADIAN PRESS/Jonathan Hayward
U.S.-based theme park company buys Vancouver Aquarium

Aquarium had to shut its doors in September due to COVID pandemic

Legendary broadcaster Bernie Pascall is among in the Class of 2021 to be inducted into the Canadian Football Hall of Fame. (PQB News file photo)
Island broadcasting legend Bernie Pascall named to Canadian Football Hall of Fame

Pascall named by Football Reporters of Canada as inductee in the 2021 class in the media category

A man wears a protective face covering to help prevent the spread of COVID-19 as he walks past the emergency entrance of Vancouver General Hospital in Vancouver, B.C., Friday, April 9, 2021. THE CANADIAN PRESS/Jonathan Hayward
COVID-19 spike in B.C. could overwhelm B.C. hospitals: modelling group

There are 397 people are in hospital due to the virus, surpassing a previous high of 374 seen in December

Most Read