Students and Young Adults
No, you do not need to file your tax returns together however, you are required to claim the tuition and education credits on your T2202A Form first. You use these credits to bring your tax ...
Tuition fees can only be claimed for courses taken at a post-secondary institution or - if the person is 16 or over - an institution certified by the HRSDC for courses taken in order to deve...
You need to have taxable income before you can take advantage of your unused credits. Tuition and education credits are non-refundable which means they cannot create a refund on their own. Y...
Your stipend will be taxable in Canada either as employment income, scholarship or bursary income or as a research grant. There is an exemption for payments made to students under Article XX...
Unfortunately, you cannot claim the Ontario rent or property tax credit for rent paid in another province. And the only other province with a rent credit is Manitoba....
You should receive a T2202A Form for at least the fees paid and not refunded....
If the Canada Student Loan department has registered the debt with the Canada Revenue Agency, they will withhold any refunds to cover the outstanding balance. I would encourage you to fi...
Taxpayers who want to claim child care expenses can only do so if the child care provider provides them with a receipt. Where the child care provider is an individual, the receipt must conta...
If you graduated in 2009 or later you would indeed qualify for the credit. If you paid any provincial tax this year you could get up to $2,500 of it back. If you graduated before 2009, t...
Yes. You will need to ask the school to complete Form T11A Tuition, Education and Textbook Amounts Certificate – Institution Outside Canada to certify the amount of tuition paid and the ...
No, unfortunately fees charged for entrance exams like the LSAT are not deductible....
Unfortunately, that is not an option. The entire T4E must be reported in the year it is received. The only consolation is that next year there will be the larger deduction without the ex...
You can claim moving expenses if you moved for a job or to go to school. Your moving expenses would be claimed against income, in the case of moving for school, you would claim expenses agai...
If your son’s earnings spread out over the course of the year would be high enough to be taxable, his employer should be withholding income tax. Your son should file federal and provincial...
Unless your son has a disability, he is over the age limit to be considered a dependant for tax purposes. If his college issues him a T2202A Form, you may be able to claim some of his tuit...
Canada Revenue Agency does require proof of rent paid. You will need a rent receipt detailing the amount paid, the length of the rental, your address and your landlord’s signature. The...
No. The Ontario property tax credit only applies when you pay rent or property taxes. Room and board is not eligible....
If you live in a province which offers a rent credit, you will need a rent receipt detailing the amount paid, the length of the rental, your address and your landlord’s signature. It does ...
Unfortunately, the tuition transfer can be given to only one parent so you may want to investigate which parent gets the most tax benefit by claiming it. The good news is that each child in ...
Your tuition and education credit carry forwards should be outlined on your 2009 Notice of Assessment from the Canada Revenue Agency. You will need these amounts when completing the Schedule...
Only expenses related directly to your research are deductible. Allowable expenses include those necessary to carry out the research, such as equipment, fees, amounts paid to an assistant,...
The good news is the Federal Government introduced the Textbook Tax Credit for post-secondary students in May 2006. This means a full-time student can claim $65 per month for textbooks or $2...
No. Tuition and education amounts that cannot be used by a student in any given year can be carried forward to reduce taxes in the future – or can be transferred to a parent, grandparent o...
There are a number of credits that the CRA almost always asks for the supporting paperwork. The tuition and education credit transfer is one of those credits. As long as you claimed the cred...
No matter who pays the tuition, post-secondary institutions issue the T2202A Form to the student. Students must claim the tuition and education amounts on their own tax return, whether they ...
Students attending post-secondary education will receive a T2202A receipt from a registered institution for all eligible programs. This receipt will show tuition paid and will include the nu...
A non-refundable tax credit for student loan interest can only be claimed by the student – even if tuition was paid by another person. Unused interest amounts can be carried forward for ...
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