The refundable tax credit for on-the-job training periods encourages young people to upgrade their professional qualifications and supports the efforts of businesses that help develop their skills.
You must complete a separate copy of Form CO-1029.8.33.6 for each entity (corporation, partnership or interposed partnership) that is claiming a tax credit. For each of these entities, you should also complete a separate copy of Form CO-1029.8.33.6 PARTS 2 to 7 for each trainee with regards to whom a tax credit is claimed.
You can access Form CO-1029.8.33.6 PARTS 2 to 7 from Part 2 to 7, “Tax credit for an on-the-job training period and/or further to the repayment of an amount of assistance, a benefit or an advantage,” or the table in Part 8, “Summary” of Form CO-1029.8.33.6.
When the corporation is a member of a partnership or an interposed partnership that is a member of an eligible partnership that incurred the expenditures, complete Part 5 of Form CO-1029.8.33.6. The information in this part will be posted by calculation to each copy of Form CO-1029.8.33.6 PARTS 2 to 7 related to this form.
How the Copy button works
An option has been added to Form CO-1029.8.33.6 PARTS 2 to 7 to allow you to generate a copy for expenditures incurred after April 30, 2022, containing the same information indicated in Part 2 and Part 3, if applicable. If Part 3 is completed, please note that both copies for the same trainee must be the same, with the exception of lines 56 and 74, which are used to indicate the number of weeks before May 1, 2022, and after April 30, 2022. If Part 3 needs to be changed, please complete Part 4 in both copies.
When you first click the Copy button, a corresponding copy of the trainee’s copy for expenditures incurred before May 1, 2022, will be created for that trainee for expenditures incurred after April 30, 2022. All the information and amounts on the trainee’s copy for expenditures incurred before May 1, 2022, will be transferred to the copy for expenditures incurred after April 30, 2022. If you click the Copy button again, all modifications made to the trainee’s copy for expenditures incurred before May 1, 2022, will be updated to the copy for expenditures incurred after April 30, 2022. However, if you modify certain values in the copy for expenditures incurred after April 30, 2022, the fields containing those values will not be updated with the amounts from the trainee’s copy for expenditures incurred before May 1, 2022.
Please note that the number zero is considered a value. If an amount needs to be zero on a line in a copy for expenditures incurred after April 30, 2022, do not simply delete the data; you must enter 0 by override in the copy for expenditures incurred after April 30, 2022, so that the value will be retained if you click the Copy button again. Otherwise, the amount in the trainee's copy for expenditures incurred prior to May 1, 2022, will be transferred back to the copy for expenditures incurred after April 30, 2022, when you click either of these buttons.
Creating lines in Part 4
The lines in work chart A are managed with the Add and Delete buttons. However, to manage the lines in work chart B, the box 4- Situations 1 and 2 do not apply, and a portion of the salary or wages entitled the corporation to another tax credit or can give entitlement to a tax credit to a person or a member of a partnership other than the qualified corporation. must be selected and the lines are managed from work chart A. If a line is deleted in work chart A, the equivalent line in work chart B will be deleted as well.
Printing the form:
If you need to print only the completed copies of Form CO-1029.8.33.6, 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-1029.8.33.6 and CO-1029.8.33.6 PARTS 2 to 7. This way, Form CO-1029.8.33.6 and the related copies of Parts 2 to 7 will print for each copy of Form CO 1029.8.33.6.