Post-secondary students with little or no income can still take advantage of tax credits and deductions. Make sure clients with children at university and college get their kids to file their taxes and claim the benefit payments they're entitled to.
Students can't claim these expenses if they were paid by their employers
- Tuition tax credit . Students may be able to claim the tuition tax credit if they attended certain post?secondary educational institutions. Under certain conditions, students can now include fees paid to a post-secondary educational institution for occupational skills courses that aren't at the post-secondary level.
If not all the credit is needed, they can either transfer it or carry it forward
Unused amounts can be transferred to a spouse or common-law partner, parent, grandparent, or parent or grandparent of a spouse or common-law partner to reduce taxable income. Read more