Personal Finance

Student T2202A certificates?

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  • Feb 23rd, 2010 2:14 am
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Deal Addict
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Oct 17, 2008
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Toronto

Student T2202A certificates?

What proportion of tuition is eligible for a credit against my income taxes? My total combined cost for full time studies for the September 2009 session was $5600, yet the T2202A I received states that only $2300 of the is eligible for a credit.

How does this system work?

I also paid an outstanding tuition amount of $2500 from previous years in 2009, can I somehow claim this as well?

My income was in excess of 50k.

Thanks.
6 replies
Deal Addict
Jan 28, 2009
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Calgary
koalorka wrote:
Feb 22nd, 2010 7:33 pm
What proportion of tuition is eligible for a credit against my income taxes? My total combined cost for full time studies for the September 2009 session was $5600, yet the T2202A I received states that only $2300 of the is eligible for a credit.

How does this system work?

I also paid an outstanding tuition amount of $2500 from previous years in 2009, can I somehow claim this as well?

My income was in excess of 50k.

Thanks.
My understanding is that tuition is fully eligible for a credit. Mind you I only have experience with University, perhaps it is different with other facilities. Is there a chance that you are including tuition you paid in January (i.e. for Winter semester). If this were the case you cannot claim that tuition until you are filing next year's taxes.

Your Notice of Assessment should tell you how much tuition credit you have remaining.

if you have further questions, I suggest a trip to the CRA website.
Deal Guru
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Nov 18, 2005
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Kingston
Only tuition for classes taken in 2009 are eligible for tax deduction in 2009. So if you paid for 8 months in Sept 2008, half is eligible for 2009. And if you paid for 8 months in Sept 2009, half is eligible for 2009. It has to do with when you went to school, not when you paid.
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Sep 1, 2005
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Vancouver
There's usually some other fees included in your tuition that are not eligible, like student union fees or other bull shite - but that usually a small amount. but like others said you prob paid for a semester in 2010 or something like that (for such a large discrepancy).

remember you also get to claim your the number of full time/part time months which is part of your credit

yes you claim tuition carry forwards once you have tax payable. schedule 11 i believe?

in my experience if you dont claim carry forwards CRA will automatically claim them for you anyways.
Deal Addict
May 11, 2005
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Ajax, ON, Canada
one other thing, can I claim the tuition fees that I had paid this semester (2010), towards next year (2011) - even though that I'm finished all of my academic studies by then?
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Oct 9, 2005
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Don't worry about what to claim when, just enter the numbers on your T2202A slip for last year, then next year you will get another slip for this year. This is why such T slips are issued - to make it nice and easy for you.
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Sep 1, 2005
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mada726 wrote:
Feb 22nd, 2010 10:04 pm
one other thing, can I claim the tuition fees that I had paid this semester (2010), towards next year (2011) - even though that I'm finished all of my academic studies by then?
tuition credits carry forward indefinitely

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