Tax Tips for Students in Ontario | Book Pros

Full-time students may claim a federal credit of 15 per cent
of their eligible tuition fees, plus an education credit of 15
per cent of $400 per month, or $60 in 2012. The equivalent
Ontario provincial credit is indexed; students may claim a
monthly credit of up to 5.05 per cent of $506, or $26 (the
indexed amount is determined annually and can be found
on the Ontario TD1 form).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: