Applications Open for BC Hiring Tax Credit

EIN BC logo 400

April 29, 2021

Applications are now open online for the Increased Employment Incentive (IEI), which was announced as a part of StrongerBC: BC’s Economic Recovery Plan.

This credit sets aside up to $190 million for businesses that were able to hire new workers, hire back people who were let go or increase workers’ hours during the last three months of 2020.

“We consulted the business community last year about measures that would help them get back on their feet and build their confidence,” said Selina Robinson, Minister of Finance. “The Increased Employment Incentive supports businesses that invested in people during an uncertain time in the last few months of 2020 – investments that helped get people back to work quickly.”

With 2020 payrolls finalized, businesses will know if they are eligible for a credit that could equal up to 15% of any increase in total eligible payroll paid in the last quarter of 2020. The tax credit could be as much as $2,230 per employee.

“In B.C. we have provided the highest per capita support for businesses and people of any province in Canada,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. “This initiative is one of several programs we’ve rolled out to help businesses get through the pandemic and thrive over the long term while putting people back to work.”

The credit is available to all employers in B.C., except for public institutions and political parties. For employers required to pay the employer health tax (EHT), the credit will be first applied to any EHT outstanding and will be available as a refund to the extent the credit exceeds the amount of EHT or other debt owed to government.

Businesses that are registered and liable for EHT are encouraged to file their 2020 EHT return before applying for the IEI to ensure no delay in receiving the tax credit.

The IEI is one of several provincial supports to help businesses recover and respond to the unprecedented economic impact of the COVID-19 pandemic. Other supports include a provincial sales tax rebate on select machinery and equipment investments to help businesses adapt and grow, the Small and Medium Sized Business Recovery Grant, and grants to help businesses launch or upgrade online stores.

 Go HERE for more information

Related Articles


Latest Articles

  • TSBC Directive: Advertising Requirements for Licensed Contractors

    TSBC Directive: Advertising Requirements for Licensed Contractors

    June 18, 2024 This directive, published May 2, 2024, is being issued by a provincial safety manager pursuant to section 30 of the Safety Standards Act. On September 6, 2022, changes to the Safety Standards General Regulation came into effect that require licensed contractors to publish their company name and Technical Safety BC licence number… Read More…

  • TSBC Announces Adoption of BC Electrical Code, 2024 Edition

    TSBC Announces Adoption of BC Electrical Code, 2024 Edition

    June 18, 2024 Effective March 4, 2025 the Canadian Electrical Code, Part I, 26th Edition, Safety Standard for Electrical Installations, Canadian Standards Association Standard C22.1-24 is adopted as the BC Electrical Code. All electrical work subject to the BC Electrical Code must comply with the updated edition effective March 4, 2025. All code-related information bulletins… Read More…

  • Investment in Single-Family Homes Continues to Rise for April

    Investment in Single-Family Homes Continues to Rise for April

    June 14, 2024 Month over month, investment in building construction increased 4.5% to $20.4 billion in March. The residential sector was up 5.4% to $14.3 billion, while investment in the non-residential sector increased 2.3% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction increased 4.1% to $12.5 billion in March. Investment in single-family homes continues to rise Investment in… Read More…

  • Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    June 14, 2024 Month over month, the total value of building permits in Canada significantly increased 20.5% to $12.8 billion in April. Construction intentions in the residential sector increased 21.0% to $8.0 billion and the non-residential sector rose 19.6% to $4.8 billion, with growth observed in all components. British Columbia posted a record high monthly total value of building permits ($3.1 billion),… Read More…


Changing Scene

  • OmniCable Announces Partnership with Cascadia Sales

    OmniCable Announces Partnership with Cascadia Sales

    June 18, 2024 OmniCable, an industry-leading redistributor selling wire, cable, fiber, and other communications and electrical products exclusively to distributors, is proud to announce its partnership with Cascadia Sales to represent OmniCable’s complete product line in Canada. Cascadia Sales represents manufacturers in the electrical and lighting industry in the British Columbia market. “We are thrilled to begin this partnership,” said Georgia… Read More…

  • Agence Ricard Announces the Appointment of a New Marketing Director

    Agence Ricard Announces the Appointment of a New Marketing Director

    June 18, 2024  Agence Ricard is pleased to announce the appointment of Clémence Marseille as its new Marketing Director. Clémence brings with her a rich experience of more than 10 years in the field of marketing, including 5 years specifically dedicated to the electrical industry. Her expertise and strategic vision will be invaluable assets to support and… Read More…

  • Electrical Safety Authority and Proof Strategies Reveal the Truth About Unlicensed Electricians with Award-Winning Safety Campaign

    Electrical Safety Authority and Proof Strategies Reveal the Truth About Unlicensed Electricians with Award-Winning Safety Campaign

    June 18, 2024 The Electrical Safety Authority (ESA) and Proof Strategies have received seven awards from the Canadian Public Relations Society (CPRS), including 2024 ACE Best Creative Campaign, for the outstanding “Don’t Risk It” campaign. The campaign raises awareness of the risks of unlicensed electrical work. ESA engaged Proof Strategies to develop the integrated communications campaign,… Read More…

  • ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    June 17, 2024 The Electrical Contractors Association of Ontario’s R. Hugh Carroll Safety Awards demonstrate the ECAO’s commitment “to promoting and fostering a positive, safety-first culture amongst its membership, and the electrical industry”. This year’s honorees were recognized during the association’s 2024 annual general meeting at the Woodbine Trackside Clubhouse. “Every year it gets harder to pick… Read More…