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- The tuition tax credit is a non-refundable tax credit available to post-secondary students. This means that if you pay for tuition and other educational costs (under certain conditions), you can let the Canada Revenue Agency (CRA) know when you’re filing your taxes, and they’ll lower your tax bill, either now or in the future.
turbotax.intuit.ca/tips/understanding-tuition-tax-credits-6549Understanding the Tuition Tax Credit in Canada: All You Need ...
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Dec 12, 2023 · If you’re a post-secondary student in Canada, you’re probably eligible for the tuition tax credit. By using the tuition tax credit, you can reduce the amount of income tax you have to pay, both now and in the future.
Generally, a course taken in 2023 at an institution in Canada will qualify for a tuition tax credit if it was either: taken at a post-secondary education institution.
- Line 21900 – Moving expenses. Find out if you can claim a deduction for moving expenses paid to study in a post-secondary program and how to calculate and claim them.
- Line 25600 – Additional deductions: Adult basic education tuition assistance. Find out if you can claim a deduction for your adult basic education, whether primary or secondary level education, or certain other forms of training.
- Line 31900 – Interest paid on your student loans. Find out if you can claim the interest paid on your student loans for post-secondary education and how to claim it.
- Line 32300 – Your tuition, education and textbook amounts. Find out about eligible fees, education and textbook amounts, and how to claim and carry forward these amounts.
Claim benefits, credits and deductions. Here are the top tax credits and deductions for students: Tuition tax credit – You may be able to claim the tuition tax credit if you attended certain educational institutions. Under certain conditions, students can now include fees paid to a post-secondary educational institution for courses to obtain ...
Nov 24, 2021 · Postsecondary students can claim postsecondary education credits to lower their tax obligations (or that of a parent, grandparent, spouse or common-law partner, or their parent or grandparent). Claiming the credits is costless, but it does require knowledge of how the credits work to reduce taxes.
- Marc Frenette
Feb 5, 2024 · Whether you’re a full or part-time post-secondary student, you’re entitled to unique credits that can increase your refund or reduce the taxes you owe when you file your return. Claiming the tuition you paid, the interest you’ve paid on your student loans, and even your moving expenses can mean a better outcome for your tax year.
Dec 8, 2023 · In most cases, students who are 16 years of age or older at the end of the year, and are enrolled at a post-secondary education institution in Canada, will qualify for a tuition tax...
