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Hello - Is Corporate Training an eligible education expense? I paid for Corporate Training out of pocket in 2023.
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Seniors and students
Did you receive a T2202 information slip?
Please see our TurboTax article: Canada Training Credit
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Hello - No I did not receive a T2202 tax form. The corporate trainer is called Think Business Training and it is not accredited. Could I claim what I paid for corporate training (in 2023) as an education expense?
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Seniors and students
As per the Canada Revenue Agency (CRA): Training costs – You can deduct the cost of a training course as an employment expense. The course has to maintain, upgrade, or update your existing skills or qualifications that relate to your employment.
You cannot deduct the cost of a training course as an employment expense if the course is for personal reasons, the cost is unreasonable, or you receive a lasting benefit from the course. For example, you receive a lasting benefit when you take a course to get a credit towards a degree, diploma, professional qualification, or similar certificate.
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