Were you a student in 2021 and your age is between 26 – 65 years old? then this is for you.
How much can you receive
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.
Who is eligible
The Ontario Jobs Training Tax Credit has the same eligibility requirements as the Canada Training Credit available on the federal tax return.
To claim the credit for 2021 or 2022, you must:
- have a positive Canada Training Credit limit for that year
- be an Ontario resident on December 31 of that year
- be aged 26 to 65 years old at the end of that year, and
- meet the other requirements set out in the federal Income Tax Act for at least one of 2019, 2020, or 2021.
Which expenses are eligible
Expenses 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. These include:
- tuition and other fees paid to an eligible educational institution in Canada for courses taken in 2021 or 2022
- fees paid to certain bodies in respect of an occupational, trade, or professional examination is taken in 2021 or 2022
Feel Free to contact us at 647-784-5708 or Whatsapp us for more information and forms will be filled with the tax returns