Tax credit applications now open for BC employers

Employers can now apply for the BC employer tax credit originally announced last September.

"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," states the provincial news release.

The credit will be applied to any outstanding Employer Health Tax or other debt owed to the province. Businesses that don't pay EHT or owe less than their credit will receive a refund.