The purpose of this post is to document what I’ve learned about the tax treatment of the Education and Training Benefit available to veterans, in the hopes that it can help others facing a similar situation.
Education and Training Benefit
Since 2018, Veterans Affairs Canada (VAC) has offered the Education and Training Benefit (ETB), which provides veterans with funding to further their education. There are two levels of eligibility based on the number of years served. As of April 2024, veterans with at least 6 years of service are eligible for up to $48,275, or up to $96,550 with 12 years of service. These figures are indexed to inflation.