Back to School for Children, Tax Savings for You!

Posted September 4, 2012

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

Tom Chow