CO-1029.8.36.FO – Employee Training Tax Credit for Small and Medium-sized Businesses

Complete a separate copy of Form CO-1029.8.36.FO for each entity (corporation, partnership or interposed partnership) claiming the tax credit. You must also complete a separate copy of Form CO-1029.8.36.FO PART 2 for each eligible employee with regards to whom the corporation is claiming the tax credit.

Section 2.4 allows you to calculate, on each copy of the form, the number of hours remaining (line 21) on the limit of 520 hours per employee for a taxation year. Line 22 gives the number of hours of training to carry to line 13.

When a portion of the salaries or wages incurred during the period covered and paid to an eligible employee gave rise to another refundable tax credit to the corporation, select the box Select this box if a portion of the salaries or wages incurred for an eligible training and paid to the eligible employee results in another tax credit or gives rise to another tax credit and complete Section 2.5, “Reduction of eligible training expenditures that may give rise to more than one tax credit,” of Form CO-1029.8.36.FO PART 2 for this eligible employee. You can access Form CO-1029.8.36.FO PART 2 from Part 2, “Eligible training expenditures,” or Part 3, “Total eligible training expenditures” of Form CO-1029.8.36.FO.

Printing the form

If you need to print only the completed copies of Form CO-1029.8.36.FO, we recommend that you create a print format for this form and define the value “If applicable” or “Always” in the Print when? column with regards to Forms CO-1029.8.36.FO and CO-1029.8.36.FO PART 2. This way, all copies of Part 2 will print for each copy of the form.