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

Acclaimed author Eden Robinson hosts a virtual conversation and reading from her latest book, Return of the Trickster, on Friday, April 23, in conjunction with the Vancouver Island Regional Library. (Photo courtesy of VIRL)
Island author brings Trickster in online library event

Fans of the work of Eden Robinson will get the opportunity to… Continue reading

A Sooke man died Tuesday afternoon after his car left the roadway in 7500-block of West Coast Road around 1:30 p.m. and hit a tree. (Black Press Media file photo)
Sooke man dies in Tuesday crash on West Coast Road

The man’s SUV left the roadway and struck a tree

Demonstrators at the legislature on April 14 called on the province to decriminalize drug possession and provide widespread access to regulated safe supply across B.C. (Jake Romphf/News Staff)
Rally calls for decriminalization, safe supply as overdose emergency turns 5

From 2016 to the end of February, 7,072 British Columbians died due to overdose

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

(Black Press Media file photo)
Youth gets combative with police at Victoria hospital

VicPD officer injured, youth kept in care under Mental Health Act

(Government of Canada)
Liberal MP caught stark naked during House of Commons video conference

William Amos, in Quebec, appeared on the screens of his fellow members of Parliament completely naked

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature, Feb. 1, 2020. (B.C. government)
B.C.’s COVID-19 case count jumps to 1,168 Wednesday, nearly 400 in hospital

Now 120 coronavirus patients in intensive care, six more deaths

Moss covered branches are seen in the Avatar Old Growth Forest near Port Renfrew on Vancouver Island, B.C. Thursday, Sept. 29, 2011. THE CANADIAN PRESS/Jonathan Hayward
B.C. blockades aimed at protecting old-growth forests reveal First Nation split

Two Pacheedaht chiefs say they’re ‘concerned about the increasing polarization over forestry activities’ in the territory

Richmond RCMP Chief Superintendent Will Ng said, in March, the force received a stand-out number of seven reports of incidents that appeared to have “racial undertones.” (Phil McLachlan/Capital News)
‘Racially motivated’ incidents on the rise in B.C’s 4th largest city: police

Three incidents in Richmond are currently being invested as hate crimes, says RCMP Chief Superintendent Will Ng

Commercial trucks head south towards the Pacific Highway border crossing Wednesday (April 14, 2021). The union representing Canadian border officers wants its members to be included on the frontline priority list for the COVID-19 vaccine. (Aaron Hinks photo)
CBSA officers’ union calls for vaccine priority in B.C.

Border officers at ports including, YVR and land crossings should ‘not be left behind’

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

(Amandalina Letterio - Capital News)
Kelowna demonstrators show support for Vancouver Island logging activists

Two Kelowna men stood atop a pedestrian bridge on Harvey Avenue to raise awareness about old-growth forests

City workers from Duncan were busy recently putting up street signs in both Hul’q’umi’num’ and English. (Submitted photo)
Hul’q’umi’num street signs installed in downtown Duncan

Partnership with Cowichan Tribes sees English street names twinned with Indigenous language

Most Read