Available Programs: Canada Training Credit | Feb 12, 2021
The previous Conservative government succeeded in reducing the tax burden on Canadians to the lowest point in half a century. We did this by removing one million Canadians from tax rolls, increasing the amount Canadians could earn tax free, and cutting the lowest personal income tax rate to 15%.
Here is one that you can still claim: Canada Training Credit
The Canada Training Credit (CTC) is available for eligible tuition and other fees paid for courses taken in 2020 and subsequent tax years. An eligible individual can accumulate $250 in each year toward their CTC limit, up to a maximum of $5,000 in a lifetime, which can be accessed the following year to help cover up to half of eligible tuition and fees associated with training.