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Business Tools | Wednesday August 11 Ontario Collision Repair Shops Get New Incentives and Tax CreditsSpeaking in the showroom at Toronto Chrysler, Ontario’s Minster of Training Colleges and Universities, Mary Anne Chambers, announced new programs to encourage young people into skilled apprentice trades and incentives to employers to hire and retain apprentices. The list of eligible apprenticeship trades for the incentives includes the trade of auto body and collision damage repairer.The much-anticipated Apprentice Tax Credit was announced, subject to approval by the Legislature. This Tax Credit would refund 30 percent of salaries and wages paid to an eligible apprentice, if shop payroll is below $400,000 per year. Employers would qualify for up to $5000 per year per eligible apprentice. The maximum credit would be $15,000 over the first 36 months of apprenticeship. Shop owners would be eligible for the refundable tax credit on wages and salaries paid after May 18, 2004 to eligible auto body and collision damage apprentices during the first 36 months of the apprenticeship. Eligible apprentices would be in the auto body and collision damage repairer trade and hired before January 1, 2008. Also announced:
"Providing these tangible financial incentives for shop owners, will reduce financial risks in hiring young people," said John Norris, Chair of the Attracting and Retaining People Committee of the Canadian Collision Industry Forum. "In a tough market economy, shop owners can use these incentives to offset some of the costs and challenges involved in hiring young people." For more information visit the CIIA website. For those waiting to write the Qualification exam, starting Monday August 16th at Mohawk College’s Auto Body lab in Stoney Creek, a one week autobody and collision damage repairer pre-license training course (8:30 am- 5:00 pm for five days) is being offered at a cost of $187.20 for the entire week. Course Registration CRN # is 29299 and the Course Code is MOTPSAM67. Register at the Mohawk College website. Ten students must be enrolled by August 12 or class will not run. ©2004 Collision Repair Industry INSIGHT | FEATURED
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