Open
Source verified July 5, 2026
British Columbia shipbuilding and ship repair industry tax credit
Refundable tax credit for shipbuilding employers
Funding available
$ 7,875
Deadline
Open continuously
Location
British Columbia, Canada
Who can apply
Employers whose principal business is constructing, repairing or converting ships.
See full eligibility
Overview
Refundable British Columbia tax credit for shipbuilding and ship repair employers. It supports wages paid to eligible apprentices and includes basic, completion, and enhanced credits.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop workforce skills
Eligible Funding
- Maximum amount : 7,875 $
- Up to 30% of project cost
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Training-related employment of apprentices in ship construction, repair, or conversion
- Apprenticeship progression in eligible Red Seal or non-Red Seal programs
Documents Needed
- Schedule 430, British Columbia Shipbuilding and Ship Repair Industry Tax Credit
- Employee identification number, SIN, or name
- Apprenticeship program name and level details
- Corporation income tax return
- Partnership allocation details, if applicable
Official resources
Eligibility
Who is eligible?
- Employers whose principal business is constructing, repairing or converting ships.
- Corporations or individuals that are members of a partnership, other than a specified member.
Who is not eligible
- Apprentices.
- Employers whose principal business is building boats, yachts or other water crafts ordinarily used for personal or recreational purposes.
- Employers that are not eligible for the shipbuilding and ship repair industry tax credit may instead be eligible for the B.C. training tax credit for employers if they meet the eligibility requirements.
Eligible expenses
- Salary and wages paid to eligible apprentices
Ineligible Costs and Activities
- Claims for the British Columbia training tax credit in the same tax year
Eligible geographic areas
- British Columbia
Selection criteria
- No separate selection criteria were stated
How to apply
- If you are completing the tax return for a corporation, use Schedule 430, British Columbia Shipbuilding and Ship Repair Industry Tax Credit, of the T2 return.
- If you are otherwise eligible for this tax credit and are not a corporation and required to file a T1 return, complete form T1014-2, British Columbia Shipbuilding and Ship Repair Industry Tax Credit (Employers), with your T1 return.
- If you are filing a paper return, attach this form and the worksheets.
Processing and Agreement
- The Canada Revenue Agency reviews and audits claims and issues a refund where appropriate.
- If you disagree with the amount of the credit assessed by the CRA, a Notice of Objection should be filed within 90 days of the date of the Notice of Assessment.
Additional information
- The credit extends to partnerships.
- Corporations that are members of a partnership may claim their share of the partnership credit.
- Special rules apply when multiple non-arm's-length employers claim the credit for the same employee.
- Guidance is set out in the British Columbia Income Tax Act and related regulations.
Contacts
Frequently Asked Questions about the British Columbia shipbuilding and ship repair industry tax credit Program
What is the British Columbia shipbuilding and ship repair industry tax credit?
Refundable British Columbia tax credit for shipbuilding and ship repair employers. It supports wages paid to eligible apprentices and includes basic, completion, and enhanced credits.
How much funding can be received?
British Columbia shipbuilding and ship repair industry tax credit Funds up to 30% of admissible expenses, capped at $7,875 per project.
Who is eligible for the British Columbia shipbuilding and ship repair industry tax credit program?
To be eligible for the British Columbia shipbuilding and ship repair industry tax credit program, you must:
The employer must be a resident of British Columbia at the end of the year.
The employer’s principal business must be ship construction, repair or conversion in British Columbia.
The employer must employ a person registered in an eligible program administered through SkilledTradesBC.
What expenses are eligible under British Columbia shipbuilding and ship repair industry tax credit?
Training-related employment of apprentices in ship construction, repair, or conversion
Apprenticeship progression in eligible Red Seal or non-Red Seal programs
Who can I contact for more information about the British Columbia shipbuilding and ship repair industry tax credit?
You can contact Government of British Columbia (BC) by email at ITBTaxQuestions@gov.bc.ca or by phone at 1-877-387-3332.
Where is the British Columbia shipbuilding and ship repair industry tax credit available?
The British Columbia shipbuilding and ship repair industry tax credit program is available the province of British Columbia.
Is the British Columbia shipbuilding and ship repair industry tax credit a grant, loan, or tax credit?
British Columbia shipbuilding and ship repair industry tax credit is a Tax Credits