Canada Training Credit
Starting with your 2020 tax return, a new refundable credit called the Canada training credit will be available if you paid eligible tuition and other fees for courses you took during the year.
You can claim the Canada training credit if:
You file a return for 2022
Your Canada training limit is more than zero
You are resident in Canada throughout the year
You paid tuition or fees to an eligible educational institution (a university, college, or other educational institution in Canada that provides courses at a post-secondary level or occupational-skills courses that are certified by the Minister of Employment and Social Development)
Your tuition or fees are eligible for the existing tuition tax credit
The amount you can claim for this credit will be the least of the following amounts:
Your Canada training credit limit for the taxation year or
Half of the eligible tuition and fees you paid to an eligible educational institution
If eligible, you earn $250 towards your Canada training limit each year to a lifetime maximum of $5,000. Since the program started in 2020,
The program is based on meeting your eligibility criteria in the immediately preceding year. For 2023, you can earn an additional $250 if on December 31, 2022 you were between 25 and 65 years old and you met the following conditions:
- you filed a tax return for the 2022 tax year
- you were resident in Canada throughout 2022
- On your 2022 tax return, you had a total of $10,994 or more in income from:
- maternity and parental benefits and
- working income (such as employment income, business income, taxable part of scholarship income etc.)
- Your individual net income for 2022 did not exceed the threshold at which the top tax rate of 29% began ($155,625).
Yes, but if your tuition tax credit will be reduced by the Canada training credit you claim in the year.
Starting in 2020, you can claim the Canada training credit at the same time as you claim your tuition tax credit (Schedule 11).
Follow these steps in H&R Block’s 2022 tax software to complete the federal Schedule 11 (and provincial Schedule 11 or Schedule T, if applicable):
- On the left navigation menu, under the Credits & deductions tab, click Tax Topics.
- In the Claim your credits, deductions, and expenses section, click Continue.
- In the Unused tuition amounts and student loans box, click the Add This Topic button.
- Click the Students tab on the left navigation menu.
Under the CREDIT AMOUNTS heading, select the checkbox labelled Tuition or examination fees carried forward from a previous year (Schedule 11 & Schedule T), and then click Continue.
- When you arrive at Tuition or examination fees carried forward from a previous year page, enter your information into the tax software.