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The Tuition Tax Credit: Not Just for University

Hello everyone, September is not far off and many are entering post-secondary education in the hopes of starting a career or bolstering their credentials. What many are not aware of however, is that program costs outside of university or college tuition are often eligible for tax deduction. For example, examinations that are for  trade, occupation, or professional credentials and paid to an institution with the intention of acquiring professional status recognized by the provincial and federal government, as well as those that allow applicants who pass to be licensed and certified as a trade person allowed to practice in Canada may be eligible for a tuition tax credit. Be sure to save receipts from any such examination to ensure you or your loved ones receive every break you are entitled to.   

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Monday, 24 January 2022
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