June 7, 2012

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The hiring credit for small business (HCSB) has been extended for 2012.

The HCSB is a credit of up to $1000 to be paid to a small business employer, based on a 2012 increase in the employer’s share of employment insurance premiums over those paid in 2011. The first year of this credit was in 2011. If you are eligible, your HCSB amount will be automatically calculated when you file your T4 return for 2012.

For more information, contact your Smythe Ratcliffe advisor or visit www.cra.gc.ca/hiringcredit.


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