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Not applicable
posted Apr 19, 2021 10:35:07 PM

If I claim the Canada trainign Credit, does it take away my tuition credits?

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1 Replies
Level 5
Apr 20, 2021 2:35:39 PM

No, if you claim the Canada Training Credit it does not take away your Tuition Tax Credit completely. However, if you are able to claim both the Canada Training Credit and the Tuition Tax Credit in the same year, in calculating your tuition tax credit, your eligible tuition and fees paid for the year will be reduced by the Canada training credit you claim in that year. 

 

For example, if your tuition amount is $6,000 and you claim $250 for the Canada training credit, the amount of tuition used in the calculation of the tuition tax credit will be $5,750 (plus any unused tuition credits, if applicable).

 

For more information on the Canada Training Credit, please see our TurboTax blog about it below:

Canada Training Credit 

 

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