Hiring Credit for Small Business

Are you a small business that paid less than $10,000.00 in employer’s EI premiums in 2010? You may be elibible for the Hiring Credit for Small Business (HCSB). This is a one-time credit of up to $1,000.00. The credit is calculated based on the difference between the 2010 and 2011 EI premiums paid by your business. Canada Revenue Agency will automatically calculate this credit when the 2011 T4 information return is filed.

For more infomation visit: http://www.cra-arc.gc.ca/hiringcredit/