TurboTax automatically enters the Canada Training Credit because it is a tax credit that eligible taxpayers can claim on their tax return. By entering the credit automatically, TurboTax simplifies the process for taxpayers, ensuring that they do not miss out on claiming the credit and receive the maximum benefit available to them.
To be eligible for the Canada Training Credit, you must be between the ages of 26 and 65 at the end of the tax year, have an annual income of at least $10,000, and have contributed to a Canada Training Credit Account. The credit can be claimed against your federal tax owing and is calculated as the lesser of half of eligible tuition and fees or $250 per year, with a lifetime maximum of $5,000.
Your latest Notice of Assessment (NOA) will show a Canada Training Credit Limit (CTCL), if you are eligible.
If you are not eligible for Canada Training Credit and still getting the issue, you can contact TurboTax telephone support for assistance. They can help you review your return and identify any errors. To contact them, please follow this link: Contact Us.
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