Learn about the CTC

In the 2019 federal budget Canada introduced the Canada Training Credit (CTC), a new funding initiative to help support upskilling and lifelong learning. Eligible Canadians can receive an annual credit of $250 dollars to cover 50% of training expenses, from colleges, universities and qualified educational institutions, like Learnedly. The lifetime maximum credit is $5,000 to cover a maximum of $10,000 of training expenses.

This is a great initiative from the federal government to help promote lifelong learning in a time when jobs and skill requirements are constantly evolving. Technology is changing the workplace landscape at an accelerated pace, with so many jobs becoming obsolete - and so many more being created.

To be eligible to receive the CTC, you must be a Canadian resident and between the ages of 26 and 65 years old. To learn more about the Canada Training Credit, check out this page on CRA’s website.

The CTC is managed by Canada Revenue Agency (CRA), which will keep track of your accumulated training credit amount, and will pay out training credits in the form of a refundable tax credit.