FACTS: Did you know?

BC’s new Marine Training Tax Credit gives employers up to $5,250 a year for each apprentice they hire in the shipbuilding or ship repair industry.

BC’s shipbuilding industry got a major boost in the fall of 2011, when BC-based Seaspan Marine won an $8 billion contract to build new ships for the federal government. This project will create more than 4,000 jobs, many of which call for specialized skills.

Even before the contract was awarded, the BC government recognized the need for new skills training to revitalize industry. In June 2011, the Premier announced more than half a million dollars in new funding to identify and meet industry’s training needs.

This funding will support the development of a new marine training centre. In turn, the new Marine Training Tax Credit will help employers hire more apprentices. The credit covers 20% of apprentices’ annual wages, up to a total of $5,250 per year, per apprentice.

Click here to learn more about Tax Credits for the Ship Building and Ship Repair Industry Employers.