Tax breaks you can no longer claim:
- Tuition. Students in Saskatchewan, Ontario and New Brunswick can no longer claim a provincial tax credit for their tuition expenses, noted Warren
Orlansat TurboTax. The federal tuition tax credit, however, is still alive and well. Students over the age of 16 who are enrolled in post-secondary level courses can usually claim their tuition costs to help offset their tax bill. If they don’t have a lot of taxes to offset – which is often the case for students – they can carry forward the credit or pass it on to an eligible relative, which includes parents and grandparents… click below for more information!
Contact KATA Today for all your accounting and tax needs!
Follow and Like Us on Social Media Today!
KATA Accounting Solutions PC is a full-service accounting and tax firm with great customer service.