Corporations and unincorporated businesses are now eligible to claim a refundable tax credit for wages paid to an apprentice in a qualifying skilled trade (which includes designated construction and industrial trades as well as certain leading-edge technology trades). This credit is based on a percentage of eligible wages paid after March 27, 2003, with the percentage ranging from 10% for employers with payroll costs in excess of $600,000 to 15% for employers with payroll costs of $400,000 or less. The credit is limited to $250 per month per apprentice to a maximum of $6,000 over a 24 month employment period, and can be claimed on the employer’s annual corporate or personal income tax return.