Tax wiki
s. 122.91
PART I — Income Tax · DIVISION E — Computation of Tax · SUBDIVISION A.5 — Canada Training Credit
Claimed amount
Not yet annotated · Text current to 2026-06-21 · section last amended 2019-06-21
Current text
An individual who is resident in Canada throughout a taxation year, files a return of income for the taxation year and makes a claim under this subsection is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount claimed by the individual that does not exceed the lesser of
the training amount limit of the individual for the taxation year, and
50% of the amount that would be deductible under paragraph 118.5(1)(a) or (d) in computing the individual’s tax payable under this Part for the taxation year if
this Act were read without reference to subsections 118.5(1.2) and (2), and
the appropriate percentage for the taxation year were 100%.
Training amount limit
(2)For the purposes of this section, the training amount limit of an individual for a taxation year is
if the taxation year is after 2019 and the individual has attained the age of 26 years, and has not attained the age of 66 years, before the end of the taxation year, the lesser of
the amount determined by the formula
A + B − C
where
is the individual’s training amount limit for the preceding taxation year,
is
$250, if
the individual has filed a return of income for the preceding taxation year,
the individual was resident in Canada throughout the preceding taxation year,
the total of the following amounts is greater than or equal to $10,000:
the amount that would be the individual’s working income (as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),
the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of the Employment Insurance Act in the preceding taxation year, and
the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and
the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and
nil, in any other case, and
is the amount deemed to have been paid by the individual under subsection (1) in respect of the preceding taxation year, and
the amount determined by the formula
$5,000 − D
where
is the total of all amounts deemed to have been paid by the individual under subsection (1) in respect of a preceding taxation year; and
nil, in any other case.
Effect of bankruptcy
(3)For the purpose of this Subdivision, if an individual becomes bankrupt in a particular calendar year,
notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year; and
the individual’s working income and income under this Part for the taxation year ending on December 31 of the particular calendar year is deemed to include the individual’s working income and the income under this Part for the taxation year that begins on January 1 of the particular calendar year.
Special rules in the event of death
(4)For the purposes of this section, if an individual dies in a calendar year,
the individual is deemed to be resident in Canada from the time of death until the end of the year;
the individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; and
any return of income filed by a legal representative of the individual is deemed to be a return of income filed by the individual.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since it was enacted (2019, c. 29, s. 21), so there is no earlier version.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 122.91 links to the one before it.
Enacting and amending legislation
- 2019, c. 29, s. 21
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 122.91.