Fiscal and Financial Planning Guide 2024-2025

Workers > Canada training credit (CTC) (25 to 65 years old)

In 2019, the federal government introduced a training tax credit for workers from age 25 to 65 to help them stay up to date and improve their skills.

A worker who pay tuition fees in a years is able to claim a training credit of 50% up to the amount of the training credit accumulated at that time.

This credit gradually accumulates by $250 per year since 2020 until age 65 to reach the maximum potential of $5,000 after 20 years, i.e. in 2039 or less if the worker reaches age 65 before that date. The potential amount of credit accumulated at maturity would be $5,000 for maximum expenses of $10,000.

Eligibility

To accumulate a $250 credit in 2023, the individual must:

  • be aged at least 25 and not more than 65 at the end of the year;
  • have work income (salary or self-employed) of at least $11,511 for that year. The following types of income are also eligible : employment insurance, Québec Parental Insurance Plan payments and taxable scholarships.
  • Have an individual net income lower than $165,430.

The excess eligible fees over the cumulative CTC can be claimed as tuition fees during the year. However, the tuition credit is only 12.5% at the federal level and 8% in Quebec, compared with 50% for the training credit.

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