Tuesday, March 25, 2008

Good to be a student

Tips from CRA:

That as a student, you may be able to claim a tax credit for the tuition fees you paid for post-secondary level courses you attended during the year? You may also be able to claim an education amount of $400 as a full-time student and $120 as a part-time student for each whole or part month you were enrolled in a qualifying program. In addition, you may be able to claim the non-refundable textbook credit to help with the cost of your textbooks.


You may also be eligible to claim moving expenses, child care expenses, and a tax credit for interest paid on your student loans, as well as the non-refundable tax credit for public transit passes.


Remember, a professional accountant can help you with this and other tax issues you may encounter. Just give us a call or email us at tax@yyconsulting.com. As a student, you may be eligible for $10 off our regular fee.

3 comments:

starting a business in the philippines said...

Well that would be great for the students if they can be able to claim tax credit. Sad to say I'm not a student anymore..

footbolito17 said...

haha...same with me... too bad were not longer among them... to add a few, for students who do not know this, or just knew it just now, it would be advisable to seek tax help from people who knows best... they can give you more info on this matter... don't waste your benefits...

mopNbucket said...

Thanks for posting this... almost forgot about those credits.