Back to School for Children, Tax Savings for You!

If you have children starting university or college today, the CRA offers you non-refundable tax credit on your next tax return for some of the money you spent getting them ready.

Non-refundable tax credits are offer for:

  • Moving expenses
  • Transit passes
  • Education amount
  • Textbook amount
  • Tuition amount
  • Interest on student loan

Find out if you are eligible by visiting the CRA’s website (provided below) or contact us.

CRA website: http://www.cra-arc.gc.ca/nwsrm/txtps/2012/tt120830-eng.html?utm_source=mediaroom&utm_medium=eml

The blogs posted on our website provide information of a general nature. These posts should not be considered specific advice; as each reader's personal financial situation is unique and fact specific. Please contact a professional advisor prior to implementing or acting upon any of the information contained in one of the blogs.

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