The chart below shows two examples of savings in 2021 due to the supports from the Canada Training Credit and the Ontario Jobs Training Tax Credit. The Ontario Jobs Training Tax Credit is calculated as 50% of eligible expenses for the tax year, up to a maximum credit of $2,000 per year. You can visit the Canada Revenue Agency’s website to learn more about which expenses are eligible. To learn if a particular program or course may be eligible for the credit, contact the college, university or private career college where it is offered. provincial ministry, or other similar institutionįees for one or more courses at the postsecondary level can qualify, if the courses provide credit towards a degree, diploma or certificate.college or other educational institution.Occupational, trade or professional examsįees for an occupational, trade, or professional examination required to obtain a professional status, or to be licensed or certified as a tradesperson, and that are paid to a: Occupational skills coursesįees for occupational skills courses if they are paid to a university, college or certain other educational institutions, if the student is enrolled in the institution to obtain or improve their skills in an occupation. fees paid to certain bodies in respect of an occupational, trade or professional examination taken in 2021 or 2022.tuition and other fees paid to an eligible educational institution in Canada for courses taken in 2021 or 2022.Which expenses are eligibleĮxpenses eligible for the Ontario Jobs Training Tax Credit are the same as those that can be claimed for the Canada Training Credit that is available on the federal tax return. You can visit the Canada Revenue Agency’s website to learn more about who can apply.
You can find your Canada Training Credit limit for a tax year on your latest notice of assessment or reassessment, which is provided by the Canada Revenue Agency ( CRA). meet the other requirements set out in the federal Income Tax Act for at least one of 2019, 2020 or 2021.be aged 26 to 65 years old at the end of that year, and.be an Ontario resident on December 31 of that year.have a positive Canada Training Credit limit for that year.To claim the credit for 2021 or 2022, you must: The Ontario Jobs Training Tax Credit has the same eligibility requirements as the Canada Training Credit available on the federal tax return. The credit provides up to $2,000 per year in relief for 50% of a person’s 2021 or 2022 eligible expenses. The Ontario Jobs Training Tax Credit is a temporary, refundable personal income tax credit that helps workers get training that may be needed:
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