The HCSB is a one-time credit of up to $1,000 based on the increase in an employer’s employment insurance (EI) premiums paid for 2011 over those paid for 2010.  This hiring credit will be available to employers whose total EI premiums were at or below $10,000 in 2010.

Employers must file their 2011 T4 information return(s) before January 1, 2015. No HCSB will be allowed based on an information return filed after this date.