Canada Training Credit – Are you Eligible?

Tax season is upon us. If you have taken a course with Prep Doctors in 2020, you may be eligible to receive up to CAD 250 through the Canada Training Credit (CTC).

CTC has been introduced by the Federal budget to help with the cost of training fees and can be claimed on your 2020 taxes. Here’s what you need to know.

What is the Canada Training Credit?

The Canada Training Credit is a refundable federal tax credit meant for Canadians and those with Permanent Residence (PR) who have invested in continuing education courses for professional development.

Are you eligible?

This credit is available for a certain amount of tuition paid for courses taken in 2020 at an eligible educational institution in respect of the year, making Prep Doctors courses eligible.

Remember, the CRA only gives benefits to citizens and residents who file their tax returns and your benefit eligibility will be based on the information you provide in your tax filings.

To learn more about the Canada Training Credit and how to apply, please visit the Government of Canada website.

Have any questions about Prep Doctors’ courses? Feel free to send us a message at feedback@prepdoctors.ca or on our Facebook page!