Free money? Yes please!
I got your attention with that headline didn't I? Good!
Did you know that Canadians between the ages of 26 and 65 are able to claim the Canada training credit on their taxes? You can claim tuition or other fees for courses you took in the year you are claiming the credit.
An individual who is at least 25 years old and less than 65 years old at the end of a calendar year can accumulate $250 in their Canada training credit (CTC) limit for the next tax year, up to a maximum of $5,000 in a lifetime, provided they satisfy all of the following conditions for the year:
file an income tax and benefit return for the year
are a resident in Canada throughout the year
have a total working income (including maternity and parental benefits) of $10,100 or more in 2020
have individual net income for 2020 that does not exceed $150,473
Even in years that you make a claim for the CTC, you can still accumulate $250 in your CTC limit for the next tax year.
All you need to do is take a course at an eligible educational institution! I've already signed up for a Content Creation course and I still have money left over to use.
Visit this website for more information!