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What are Canada Training Credits, and how do I enter them into TurboTax?
by TurboTax• Updated about 9 hours ago
The Canada Training Credit (CTC) is a refundable federal tax credit to help with training and tuition fees. To be eligible for the CTC, you must:
- Be a Canadian resident no younger than 26 and no older than 65
- Have income in the year between $10,000 and $165,430 for 2024. (The upper limit is indexed annually.)
- Have a Training Credit Limit from the prior year’s CRA Notice of Assessment. For more information, see question #11 on this CRA webpage.
Each year, people who qualify can save up to $250. They can save up to $5,000 over their lifetime. Those wishing to use the CTC must attend and pay tuition to an institution that qualifies. This includes:
- University, college, or another Canadian facility offering post-secondary courses.
- Canadian schools offering occupational skill courses certified by the Ministry of Employment and Social Development.
To claim your CTC credit using TurboTax, choose your software edition and follow the steps.
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