Canada Training Credit (CTC) is a refundable tax credit to help cover up to 50% of tuition and training fees.

[Annette McKinnon]

This is new to me and no good if you are over 65 but maybe some of us can use it or pass it on.

Executive education funding in Canada
The Canada Training Credit
Introduced in the 2019 budget as part of the Canada Training Benefit program, the Canada Training Credit (CTC) is a refundable tax credit that helps Canadians by covering up to half the cost of tuition and other training fees.
Here’s how the CTC works:
• Starting in 2019, eligible individuals accumulate $250 towards a CTC limit each year, up to a lifetime maximum of $5,000
• You claim the CTC when you complete your income tax and benefit return for a year in which you completed a training or professional development program
To qualify for the CTC:
• You must be between the ages of 26 and 65
• Be a Canadian resident
• Have filed a tax return for the previous year
• Your Canada training credit limit (CTCL) for the year is more than zero
• Tuition/fees were paid to an eligible educational institution or to certain bodies for an occupation, trade, or professional examination
• Tuition/fees are otherwise eligible for the existing tuition tax credit
To learn more about the CTC, visit https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-training-credit.html