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What is the Canada Training Credit

It's listed on my return but I have no forms/slips indicating from where
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What is the Canada Training Credit

The Canada training credit (CTC) is a refundable tax credit available to help Canadians with the cost of eligible training fees. You can claim the CTC for tuition and other fees paid for courses that you took in the year.

 

Started in 2019, this refundable credit is for Working Canadians who are in a training program to help alleviate the cost of training fees. The eligible person will receive an annual credit of up to $250 with a lifetime limit amount of $5000.

 

You can claim this credit if you fall under the following conditions;

  • You are between the ages of 25 and 65
  • You file your tax return for the year
  • Your Canada training credit limit for the year is greater than zero
  • You’re a resident of Canada for the year in question
  • Tuition and fees paid to an eligible educational institution for the year in question and these fees are eligible for the existing tuition tax credit.

For more information, you can visit the Canada Revenue Agency (CRA) website - Canada Training Credit

For more information, you can visit the TurboTax article - Canada Training Credit 

 

If you wish to remove the Canada Training Credit and are needing guidance, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen. To contact them, please follow this link: Contact Us

 

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