Going to school can be expensive, and we know that you want to get the biggest refund possible! We’ve provided a list of the most common deductions for students:
Textbooks & Tuition:
As a student, you will receive a T2202A slip from your school (typically found online through your student account), which will allow you to claim the Education amount – this includes your tuition and your textbooks.
If you are enrolled in your school’s health insurance plan, the premium may be deductible as a medical expense. As well, the portion of health-related costs that is not covered by your insurance plan can be claimed.
Moving to a new city:
If you moved to a new city to attend full-time school, you may be able to claim your moving expenses
If you travel to and from school using public transit, and the pass is not included in your tuition costs, you can claim your passes for the public transit amount.
- My son paid for his tuition but didn’t have any income. Will he get any refund back if he only claims his tuition and no income?
- I have a bunch of tuition credits from my years at university and college. Can I take credits out and receive cash for them when I do my taxes? If so, what is the maximum amount I could receive?
- I have a Manitoba Student loan but live and work in BC. Can I continue to apply my accrued education credits that I still have in Manitoba against my BC income tax?
- If I withdrew from a program in March, will I still receive a T2202A receipt?
- I recently withdrew $10,000 from my RRSP under the Lifelong Learning Program, because I am planning to go back to school and finish my degree. Do I have to spend all the money on school or can it be used for other expenses?
Visit hrblock.ca for more information or find your nearest office.