Canada Training Credit (CTC)

Employment and Social Development Canada

Available Subsidy

Refundable Canada training credit limit (CTCL) of $250 per year, up to a cumulative total of $5,000, to help eligible workers pay for tuition and other eligible costs. A maximum of 50% of the tuition code can be covered.

Workers could claim a refundable tax credit for up to half of their tuition and eligible expenses to take a course or enroll in a training program.

Eligibility

To qualify for the notional account in respect of a year, an individual must :

• have filed an income tax return for the previous year;
• be between 26 and 65 (at the end of the year);
• reside in Canada throughout the previous year;
• have earned $10,000 or more in the previous year;
• have an individual net income for the previous year that does not exceed the ceiling of the third tax bracket for the year ($147,667 in 2019).

Details and sources

https://www.canada.ca/fr/agence-revenu/services/prestations-enfants-familles/credit-canadien-pour-la-formation.html

https://www.canada.ca/fr/emploi-developpement-social/nouvelles/2019/05/document-dinformation-allocation-canadienne-pour-la-formation.html

https://www.bdo.ca/fr-ca/insights/tax/tax-articles/new-canada-training-benefit/