Canada Training Credit
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 LearnFormula. 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.